Short-term trading ideas for everyone's reference
Yesterday, the market corrected by over 7000 points, which can hardly be considered small. It even effectively broke the white trend line that had been maintained for two weeks 📉. Currently, it is lingering around the previous support level of 94750, while now the trend line is applying pressure.
Today's ideas:
1. If the white trend line continues to exert pressure, we will test the upper range of 95370-95770. If it breaks strongly through the trend line, we will exit.
2. If it can stabilize around 94750, then the subsequent short-term support will be confirmed, allowing for continued short positions.
3. If the trend line continues to apply pressure, to secure significant gains, consider entering long positions at the strong support level of 89700. If you want to play with short-term fluctuations, the smaller support levels at 92600 and 91850 can also be tested.
Remember one thing: trend lines will not always maintain their effectiveness, and support levels are the same. It is crucial to remember the important point of "top-bottom conversion"; water can carry a boat, but it can also capsize it.