Optimistic people can regroup and rise again, while pessimistic people often fail due to a lack of confidence.

Yesterday, the gradual rise of Baixin in the morning followed by a sharp drop in the evening caught me off guard, and I suffered a loss in the evening. However, this did not have an overall impact, as I managed to capture six out of the seven waves given yesterday and exited with a profit, which is commendable.

From the current market perspective, the four-hour level is also showing a series of pullbacks. The K-line has broken through the short-term moving averages and is starting to weaken in the short term, but the technical patterns in the smaller time frames are gradually adjusting and repairing, and there is a rebound pattern seen in the late trading session. After forming a lower shadow on the hourly chart, today also marked a new short-term low. We have mentioned multiple times before that after consecutive days of rising, one should pay attention to the risk of a pullback and correction.

The current short-term pullback has already been completed. The pullback correction establishes a support structure that is more favorable for subsequent rises. It has been emphasized before how a strong market behaves; after a dip, stability must be regained and the repair completed before continuing to observe.

Around 92800-93400, looking towards 95000-96000

Around 3400-3380, looking towards 3500-3550