On Monday evening, focus on bullish positions above 109000!
In recent days, the market has been oscillating within the general range of 108000-107000. Our main focus has been on short-term trades, and we haven't planned any updates for small fluctuations; at the same time, even without considering the compounded operations of short-term long and short positions, those who have been continuously shorting around 108000 must have benefited greatly!
From the current market perspective, the weekly line closed with a big bullish candle, and the daily line shows occasional small bullish rises with some bearish movements. This rhythm clearly reflects a strong trend, and although we are currently at a high position, at the start of the week, combined with the rhythm of the weekly bullish candle, it is still necessary to follow the bulls for another long position.
From the 4-hour structure, the current support is at 106300, and resistance is at 108800. A breakthrough will look toward the 110000 mark. Currently, after a bearish move in the 4-hour chart, if there is a rebound correction after the 8 PM close, then it is undoubtedly bullish for today and tomorrow!
Specific operational ideas for the evening:
Directly go long near the current price of 107500, with a stop loss at 106300 and a target at 108800. If it breaks above, reduce the position and hold to look toward 110000!