Hello everyone, today is March 27. At present, the stock market has completed the sixth round of rise on the daily chart. Looking back at the last bull market, we have entered the daily fluctuation and shock period, and there is a possibility of about 50% correction. If the daily chart can continue to rise and break through the previous high, the market is expected to continue the upward trend. Yesterday, I reminded in the family group that friends who entered at a lower price in the early stage of the bull market should consider moderate reduction of positions when approaching the previous high of the daily line.
On the four-hour chart, we are in the first wave of the rising cycle and the second sideways period. Historical data shows that after breaking through the sideways period, the market usually shows strong upward momentum. For investors waiting for a breakthrough in the sideways period, looking for opportunities to continue to rise in the one-hour chart will be a good time to enter the market. For high-level sideways, it is recommended to execute a 1:1 short-order lock strategy in a smaller time frame and cancel the stop loss on both sides to prevent profit loss.
In particular, the short-order lock strategy is considered only when the long order is profitable, aiming to lock in profits and prevent retracements. When in a loss, avoid locking to avoid locking losses. Our strategy includes clear position management and firm stop loss to prevent large losses. This method allows you to know the maximum possible loss for each transaction, and there is no upper limit on the profit for successful transactions. Every success helps to grasp the big market and gradually cultivate a healthy trading mentality and confidence.
It is irresponsible not to set a stop loss and encourage blind following. Failure to set a stop loss may lead to disastrous consequences. We cannot guarantee profits forever, but we can protect capital by controlling losses.
Today's trading strategy: The market has achieved a breakthrough at the antenna level and started a new upward cycle. The four-hour chart shows that the market is oscillating at a high level. Breaking through the previous high and forming a relay rise depends on whether it can break through the 69500 to 71000 range. If it breaks through successfully, the upward momentum is strong; otherwise, the four-hour chart may enter a period of adjustment, with support below at 69100, 66900 and 65200. Investors with short positions can consider entering the market at these levels. When operating in the oscillation range, whether long or short, you must be cautious, especially contract traders, be sure to set a stop loss and lock in profits in time.
Follow me to get the latest market analysis and real-time points every day. For more details, please check my pinned articles.
