Hello everyone, I am Brother Panda. The update is a bit late today because I have been waiting for the formation of the 4-hour trend.
The large pancake daily line has completed a bearish engulfing pattern, with a longer lower shadow. The bulls are still quite strong, with continuous tops and bottoms on the 4-hour chart.
The pattern has already played out. Currently, it seems unable to break the slope line at the 4-hour level, and the 1-hour level has confirmed it.
Starting to drop for a correction. When the trend reverses, the small time frames have a large impact on the larger time frames. The 1-hour is in a downward correction.
To a certain extent, the 4-hour level will be suppressed by KC1. If the large pancake is suppressed by KC1 on the 4-hour level.
It is stable enough to open a short position now. It's also acceptable to enter a short position now, but make sure to set a stop-loss. The day before yesterday.
The large pancake pulled up more than 2000 points in about 5 seconds. It really is very bad. The shorts have been liquidated, and there's nothing much left.
The significance of the rise is that it is likely starting to gradually move down for a correction, but it is still affecting people's mindset.
You can enter a short position at any time now. I have already shorted as a courtesy, with the stop-loss set just above the blue line.
