Good morning, brothers. Today's personal analysis of the market at the 4-hour level: Currently, the market has entered a C-3 buy rally according to the Chande theory, with resistance at 95937. It may enter consolidation to form a new central zone, either breaking through this central zone to continue the rally, leading to trend divergence, or consolidating and then directly breaking below the central zone, forming an upward trend combined with a downward consolidation trend.
According to wave theory: Currently, the market is in the first segment of the big C wave, which is the C-1 wave, and within this smaller scale, it is currently in the C1-4 formation of the 1 wave.
We patiently wait for the large-scale 2 wave pullback without breaking the 1 wave bottom before placing long positions. This corresponds to the emergence of a new central zone in the Chande theory. If the position does not break the central zone, we may capture the last segment of this large-scale movement. Currently, the cost-effectiveness for both long and short positions at this level is not very high, so it is recommended to observe first and wait for the trend to clarify. If you really want to enter the market, pay attention to the movements at the smaller scale.