Master looks at the trend:
Currently, the market is operating within the ascending channel marked by the Master yesterday. After holding the lower ascending trend line, a rebound has occurred. When operating near the trend line, attention should be paid to the fluctuations of the K-line's lower shadow, and it is advisable to reserve a buffer space of **±200~300 points**.
After the rebound, if the box range is reset and yesterday's first resistance level is converted to a support level, then if it consolidates within the 105.5~106.7K box range, the probability of forming a bottom and rebounding will increase.
Resistance levels reference:
First resistance level: 106700
Second resistance level: 108000
Support levels reference:
First support level: 105500
Second support level: 104500
Today's suggestion:
If the price breaks through the first resistance level, then an N-shaped upward structure will be formed, increasing the probability of a pullback to 108~110K, and a short-term adjustment may occur at the 110K position.
Currently, a retest of the new high is taking place, and caution is needed against sudden profit-taking sell-offs. The first support level can currently be seen as an important short-term support; even if broken, there is still support forming below. Therefore, in the ultra-short term, opportunities to enter can be sought near the ascending trend line + 104.5K.
12.17 Master segment pre-embedded:
Long entry reference: Lightly buy in the range of 104500-105500. If it pulls back to the range of 103300-103800, buy directly. Target: 106700-108000.
Short entry reference: Not currently referenced.
