Let's see if we can get a small rebound this weekend. When rebounding, the positions that are trapped are those that were reduced during the rebound, and when it reaches the key positions shown in the picture, we can primarily go short on the highs!
Currently, a bearish structure has formed, and it is highly likely that the downward trend will continue next week, so everyone should pay attention to risk control! Once a deep pullback is chosen, the time cycle will inevitably extend to a larger level, possibly half a month or even 1 to 2 months!
For investors who cleared their positions a few days ago, the pullback is a good opportunity to gradually reduce positions and accumulate chips at a lower price!
The most important thing in trading is to grasp: cycle, trend, and rhythm!
Macroeconomic information for next week:
Monday 20:30, U.S. June New York Fed Manufacturing Index;
Tuesday, Bank of Japan announces interest rate decision;
Wednesday 20:30, U.S. initial jobless claims for the week ending June 14;
Thursday 02:00, Federal Reserve FOMC announces interest rate decision and economic projections summary;
Thursday 02:30, Federal Reserve Chairman Powell holds a monetary policy press conference.
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