Old Bao, you are still performing exceptionally as always!
This pigeon speech Oscar award, I won't watch it without you.
I was already asleep but woke up due to the indicators!
Currently, the trend lines of 104800 and 2510 have already been broken. From Old Bao's speech, it seems that recovering above the four-point four-hour closing line is unlikely unless there is suddenly positive news; otherwise, it will go down to test the hundred thousand mark, which is a done deal.
Hold on to your short positions and make sure to set stop losses; after all, this is a left-side entry. The four-hour view currently still has a chance to recover.
From the four-hour level, the distance to the closing position is a tug-of-war between bulls and bears, and there is also a chance for a bullish engulfing candle on the one-hour chart. The probability of going up from here is still quite large. The short positions we opened earlier were also left-side entries, which means setting appropriate stop losses to bet on negative news from the meeting causing a drop!
From a technical perspective, we see bearish trends, but from a news and sentiment perspective, we see bullish trends. Many times we can't do anything about it. Just make sure to set stop losses on the positions you enter! For those who haven't entered, just wait to see what the four-point four-hour closing line looks like before making further decisions!