The status of the Super Trend daily line is worth paying attention to! Historically, it is very rare for this indicator to be worn out more than 6 times in a row, and now it is about to usher in the 7th time. As the number of wears increases, the probability of a strong trend market also increases.
If the daily line can close above 61,800 today, it will be a key signal. If it breaks through, you can expect a new round of bullish trend; if it fails to break through, the possibility of turning to a bearish trend is also very high.
Small-level structures can be ignored, and the focus is on the breakthrough or reversal structure of the daily line, and prepare to lay out trend orders.
Regarding the principle of continuous wear of trend indicators, if you have ever implemented a trend tracking strategy, you will find that after continuous stop losses, strong trends and large profits are often more likely to appear when reviewing historical data. This actually stems from the accumulation of momentum after market shocks, just as "the longer the horizontal, the longer the vertical". If you are still watching and can't see the market trend clearly, you will only fall because of bullishness and rise because of bearishness. Come to my personal homepage to find me
My strategy is to pay attention to the closing performance of the daily line near 61,800. If the price breaks through obviously, it tends to be long. On the contrary, if it retreats sharply away from 61800, it turns to short. If the daily line closes in a small range around 61800, be vigilant, and the next wave of trend will not be small.
