Today I will analyze OP’s short-term market situation.
After a wave of rise, OP began to pull back and stepped back on the support level below. A stop signal of bullish engulfment appeared. The bullish engulfment volume could not be increased, so it did not continue to rise. However, the stop signal appears near the support level, indicating that the support below is very strong and will also enhance the effectiveness of the bullish pattern. However, in this case, you cannot rush into the market. You need to wait for the trade on the right side to see if the callback will break the previous low. . When a bullish signal appears again near the support level, it will be the best entry point on the right side of the short-term. Once the bullish pattern appears again and does not break the previous low, there will be a wave of short-term rising prices.
The four-hour market changes very quickly, so you should close when the short-term gains are good. Don't let yourself be trapped out of greed. The short-term emphasis is on capital utilization, so you must be willing to stop profits and dare to stop losses, otherwise the meaning of short-term trading will be lost.
