Why is this round of bull market so difficult to play?
Summarizes several points that are different from the past:
First, the bull market rose too early and too fast at the beginning, breaking through the high point of the previous bull market, resulting in repeated adjustments and declines for more than half a year.
Second, the weekly line corrections were repeated from the beginning to the middle of the bull market, which has never happened before. In the past, a bull market had at most one weekly level correction, followed by shallow corrections, daily or three-day lines, until it reached the top. This round of 23-year weekly bottomed out, followed by a small bull top, and this year the weekly bottomed out again and repeatedly bottomed out.
However, the 2019 small bull top in history can also be used as a reference for this time, that is, repeatedly hitting the weekly line for adjustment, and then starting a big bull.
Referring to the trend of the 2019 small bull top, the current adjustment has also entered the end. Next, it is a foregone conclusion to hit the upper track of the weekly line 71. Finally, consider whether to make another weekly level bottoming correction, depending on whether time allows.