Yesterday, the price of Yita formed a Yin-enclosing-Yang K-line and also fell below the low point of the previous correction, reaching a low of 3413. Is the correction in place?
1: On the 31st, a four-hour upward breakthrough pattern was made, changing the original callback trend, and an upward induction signal appeared.
2: But yesterday the lowest price fell back to 3413, which is a key position, as it is the 61.8% position of the 3rd wave rise. The 2nd wave adjustment is also at the 61.8% position.
3: The adjustment range of the market in wave 2 was 78.2%, but yesterday’s position this time was only 38.2%. The depth of this correction should not be enough. Looking at the worst, 50% of the position is at 67000, 61.8 The % position is 65960. So if the market pulls back further, the extreme range of the market is still 3341~3322, and spot stocks can be ambushed in this range. (Arrived at this location ten minutes before the article was published)
The 3341 position is the 78.2% position of the 4-hour 3-wave and the 50% position between the second and first support of today's AI daily line. 3322 is the second support of the weekly line.
After the big cake stabilizes, the concubine and other varieties can stabilize. The focus will be on observing whether the big cake can stabilize at the 61.8% position today.
Make a trading plan in advance so that you can be calm during the day.
Message: Life doesn’t have to be too complicated, feel at ease. As long as people are at ease.
