Let's take a quick look at the market today:
Confirmed support near 940 early yesterday morning. After stabilizing at 972, it broke 975, leading to a four-hour level rise. Finally, it confirmed pressure near 1019 again. The strategy should have suggested going long at 972, but I didn't get my subsequent short position at 1020 filled.
Now let's see if the pullback to 996 will break. If there's support, go long. Friends with short positions can check for a breakout; if it doesn't break, it's time to exit.
Last night, I saw support near 996 and went long. Now I have set my stop loss at 1008 and entered a short position at 1012 because we can go up or down now, creating a hedging game with a stop loss at 1013.
At this stage, the overall market is still oscillating between 90k and 100k. Many price points are already clear, and here are the important levels from high to low:
1046, 1020, 996, 972, 955, 940, 902
Choosing a direction at these prices is relatively safe; the best way in other price ranges is to wait.
Morning trading idea analysis is complete. What do you think, esteemed viewers? Feel free to discuss in the comments. Here is your little white who loves you, providing daily free analysis (heart emoji).
