As the daily closing approaches, let’s review the recent market.
From the daily chart, it has fallen back below the long-short dividing line of 28,800. It is highly likely that this wave of rise has ended and started to adjust at the daily level. However, it is possible that it will consolidate at 28,800 for a few days and then rise again. So the key point is very clear, that is, the 28,800 line will continue to be the watershed for the trend to maintain.
Then, looking at the four-hour chart, there was a relatively obvious short trap in the white area on the 17th, and then it used two 4h Ks to pull back to the oscillation range. From the market at that time, this wave of rise was caused by the late shorts chasing the bottom being stopped. But it was not perfect at that time. It did not pull back to 0.618 of the 31000-29100 section, and it was still a little short, so my short order was not received, and I once thought that it might test the ancient pressure of the 31800-32200 area above. So I didn’t actually get much from the decline in this section, and in the previous few times of touching the top, some of the losses were not recovered, which was a bit of a pity.
Then deduce the possible subsequent development routes.
Now is definitely not the time to chase the short position, there are two supports here. One is the area with the most concentrated consolidation transactions in the previous 26500-29100, which is the POC, and the other is the 0.618 retracement level of 26500-29100. 28000 is a small resonance support level, and there is a rebound demand here. It is not suitable to chase the short here
And judging from the current market conditions, the position has not decreased much, but the CVD line has been moving downward, indicating that there are a large number of short positions gathered at this position, so it is difficult for this position to fall smoothly.
Next, I will pay attention to two positions, one is the 28,800 just mentioned, and the other is the high point of the first rebound, 29,500. If there are corresponding weak K-line patterns near these two prices, I will try to intervene in my short positions, but once I find that no effective counterattack is formed in the 28,800 area, I will consider the possibility of continuing to new highs.
