Monday: Surge with no pullback, new highs are expected to break
Life often offers opportunities to start anew. As long as we don't lose heart, we can certainly find another path to success. A new week has arrived, and don't forget to keep pushing forward.
Last week's market broke new highs without significant pullbacks, instead showing a state of surge and correction. The rhythm maintains a bullish continuation trend.
From a technical perspective, the short cycle has seen a surge and correction, and after the price moved down, it did not continue lower. The bearish volume has also notably decreased, forming a constricted running channel with effective adjustments already achieved, and a recovery state is in progress.
In the short term, the price's oscillation and decline have not broken the downward channel, but instead, it is recovering through a surge. The volume has shifted to align in a bullish pattern, and currently, the surge has not quickly retraced, showing a demand for continued upward movement.
Today's strategy is to follow the trend, aiming to go long on pullbacks at lower levels:
In terms of operation, I personally suggest going long in the 108200-108600 range, targeting 109800-110300.