Tuesday, the 14th, bullish counterattack, short-term adjustment continues to look upward
After a round of declines at the beginning of the week, the market formed a V-shaped reversal, creating a continuation breakout during the day. The intraday high reached 97400 before facing pressure and pulling back. In the morning, a high short position was suggested, but an unfortunate stretch caused us to lose our short position defense by over a thousand points. In the afternoon, the bullish market rose again after a slight pullback and adjustment, with long positions gradually capturing over two thousand points, fully recovering the intraday losses. The short-term market fell again, but the intensity was relatively small. The main structure has turned bullish, and we can continue to adopt a low-buy strategy in the future!
On the daily chart, after a short-term bearish pin bar seeking a bottom, there was a rapid rebound, and a continuation was formed during the day, directly breaking the mid-track pressure. The upward momentum is still greater than the downward momentum, indicating a clear shift in rhythm. In the short term, we still have a positive outlook on the continuation of the upward trend. Currently, the 4-hour chart has shown a series of upward movements followed by a pullback adjustment, but the downward momentum is relatively weak. Since the bottom was found and rebounded yesterday, there has been an increase of over 8000 points, and the recent pullback is merely an adjustment after the rise. The short-term upward trend is clear, and we continue to favor long positions during adjustments.
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