Hello everyone, I am Shihun.
Let me talk about the current shape of the big cake.
Figure 1 is a four-hour chart of the big cake, which is observed and verified from the perspective of wave theory.
At present, the first wave is undoubtedly the first wave composed of six four-hour positive Ks from 58900 to 63400. After hitting 63400, I judged that the first wave has ended. Then the current price behavior represents the callback of the second wave. The callback of the second wave is a complex correction wave pattern. A price pattern is made in the second wave range to replace this second wave. So where will the second wave fall? Yesterday, I said that because the pin broke 63400 last night, the second wave here may be completed, that is, it is extending the third wave. But how to determine this situation? It is likely to be known tonight. If it does not fall below 62300 and the support is taken upward, it is an extension of the third wave. If it falls below 62300, it is obvious that the second wave is still continuing.
If it falls below 62,300 tonight, where will the second wave land? It is likely to be 61,700-61,900, which may be the landing point of the second wave. Looking further down, the landing point limit of the second wave is only around 60,650. That is to say, the maximum callback amplitude of the second wave will not fall below 60,000. 61,900-60,650 are the landing points of the second wave, so both are ranges where you can go long, because there will be the third wave later.
I will definitely not miss this wave of gains in the third wave, so I will definitely arrange long orders at 61,700-61,900, specifically on the right or left side. I personally place orders on the left side to connect to the landing point of the second wave.
Place a long order at 61700 and set a stop loss at 61000. The take profit can be 63400-65100-66000 (66000 is the landing point of the fifth wave). What if the 61700 order is hit? I will take another long order at 60650 (low multiple long 10x leverage 20% position), and the stop loss will be placed at 58900. The take profit is the same as the previous position.
