Good Monday morning, brothers. I got up at 8 o'clock and sat on the computer to watch the market! When I woke up, I found that the possibility of the downward exploration I saw before going to bed last night had happened. The big cake really tested the lower temporary support, but not as much as I expected. The support is still there!
The red line marked in the figure below, the 1-hour level continues to explore lower points, and then rapidly oscillates to recover the same position in the relatively high range. This phenomenon looks like a bait action, but it is also real and relatively high points are also accompanied by low points!
Strength is one of the main factors for testing the effectiveness of long and short. Judging the strength of long and short by each pressure will not have an absolute basis, but it can usually play a good predictive effect in unknown price fluctuations!
It didn't fall too much in the middle of the night, but it was not a small amount. It fell to around 88735 around 6 o'clock, down about 1,700 points from 90450 last night! Then it quickly passed through the four-hour closing line and pulled back to around 91000. It is currently retreating below 91000! Here I must emphasize the key position of 91000 (pressure marked in the figure below)! Whether it will continue to rise or pull back today depends entirely on whether it can effectively break through the two pressure levels of 91600 and 92000. If you want to successfully go up to these two pressure levels, you must first see whether you can effectively receive the four-hour level above 91000. If you can't close it, it will continue to fall back weakly!
However, if this wide-ranging consolidation trend does not end, each pressure support point can also be used for ultra-short bands! The core logic is to see who is not resistant to orders and who makes money and runs faster!
By the way, thank you so many good brothers for reading the content of my post! Thank you all for visiting and following me! I directly pushed my last post before going to bed last night to the third place on the hot list! It's the first time that an article has reached the top list, I'm very excited! I'm not a permanent earner or a teacher! I'm still learning! There must be more of my teachers among those who read my views. Welcome everyone to actively interact with me! Let's make progress together! I am happy to ask experts for advice! Let's catch the cow and eat the meat together!
For the intraday long and short views, look at the closing of the last two four-hour lines! For the time being, I can't see the long and short!
Follow Kunchen and don't get lost. Like and comment to increase wealth!