Friends who are stuck in high long positions If you cut your losses, you lose If the weekly close is above 83500 It basically confirms the formation of a bullish trend Be patient
From the one-hour chart perspective The level has just bounced off the lower Bollinger Band support without breaking And the stochastic indicator in the sub-chart has entered the oversold zone Short-term bullish expectations remain unchanged
On the four-hour chart Currently focusing on the resistance at the high level of 88500 This line is also a key dividing line between bulls and bears The market has rebounded from this line twice without breaking it For this round of rise, we are currently looking at the pressure of this line In the medium term, there is still upward space
Yesterday, the bulls continued their momentum and have confirmed a breakout from the downward trend line's pressure. In the future, just follow the trend and place long positions. During the day, focus on the 85000-84500 area for trading. Look towards the 86500-87000 area.
If you don't look for a while You'll miss the opportunity to reach a high point I'm convinced Would it kill you to rise one more point? I've already exited the long position I won't accept being stuck
After a slight pullback at the opening, it has continued to rise with consecutive gains The bullish trend is still very apparent Short-term support level to watch is around 1545 As long as the market does not break below this level, there is still room for a rebound The upward target can be seen at the previous high point in the 1688-1700 area
From the daily time frame perspective The price increase has broken through the downtrend line's resistance At the same time, this line is also the pressure of the middle band of the Bollinger Bands at the daily level Currently, the key is whether it can stabilize above during the weekend The good news is that the hourly level has completed a pullback After the top-bottom conversion It just happened to pull back to the support of the downtrend line and the middle band of the Bollinger Bands After completing the turning point Next week, a bullish outlook is expected, and it is not impossible to reach six figures again this month
Don't look at one-sided trends on weekends First, observe the oscillation adjustments From the perspective of the small time frame Focus on the resistance level at 83500 Focus on the support level at 81850 First, trade around this area with high shorts and low longs Mainly low longs
The short position has been stopped out The upward movement has already broken through the long-term downtrend line If it stabilizes above the daily line It is highly likely to be a trend change signal Let's see the stabilization situation That's it for today
Pay attention to the 1570 line at night Cannot stabilize above on the four-hour level Look at 1535 for the first support If it breaks below 1535, then look for 1500-1470
In the evening, focus on yesterday's rebound high point at 83600 If the rebound does not break the previous high, it remains 🈳 The support level below is first at 81300 If it breaks, we can look at 80000-79000