Figure 1 shows signs of shipment within the blue range, but I did not see any short positions established by institutions in the yellow range. After three segments of divergence, there was a rapid decline, and the price has been fluctuating within the discount zone. The OTE region is approximately around 103000, and the target for this upward movement should be around that range.
Figure 2: The bottom at the beginning of May.
Figure 3: The bottom at the beginning of July.
Figure 4: In August, a major washout before the weekly level rise.
In every phase bottom last year, there were multiple instances of 'drawing the door'! Although some were overly cautious, combining this with the current market sentiment, most people's view should be to wait for a bottom around 905-870, including myself, who was also at this critical point waiting for one last drop, choosing to go short instead of long, resulting in missing out on the market and losing principal. The main force may have already achieved its goal amid frequent 'door drawings.' The current market has gradually strengthened, and the risk now lies with the US stock market. I hope it can maintain its current state.
