From the perspective of the Japanese K structure

Looking back at the 21-year bull market and the initial retracement, don’t overthink that the bull market is over.

Just like the previous retracement of 10,000 points after the second high, the market's voice of seeing through 6W and 5W has become more and more intense.

personal opinion:

The thinking is still bullish. Although this round has indeed reached around 6W5, if it is similar to the consolidation before the previous new high, then this time, it may become the last panic drop washout: let the longs exit the market and arbitrage If you are short, you can't get out; then the probability of K rising after a subsequent exit will be very high

Vice versa, if there are continuous negative declines and trouble occurs, and 6W will fall below, then don’t wait for 5W8, 5W5, etc., you are more likely to go to 5W.

Therefore, the plan can continue to be implemented

This week is more critical, focus on 6W4-6W3

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