Liu Yudong, the wave analyst, said yesterday that "if it falls below 69517, be alert to a pullback", and it has already fallen.

"Wave Theory Learning"

Daily chart on November 1, 2024

There are still two possibilities

(1) Starting from 49000, it is a b-wave rebound, and then a new rise begins after the c-wave falls.

(2) A new rise begins from 57493. The new rise will rise to 114000.

Since 69517 has fallen, it means that the market has the momentum to pull back and fall. The next support comes to the blue dotted line 67201.

If it can break through the red dotted line 70555, it will turn strong again, and below it, there is momentum to continue to pull back.

----This blog wave theory learning only discusses waves, does not provide any trading suggestions, and is not responsible for any trading behavior.