I found two pictures of the head and shoulders bottom drawn during the waterfall in March in anticipation of the low level of the right shoulder. At that time, it was still at the bottom of the right shoulder and had not yet broken through the neckline. Follow the complete head-shoulders-bottom breakthrough and retracement trend (Figure 3). This is the current trend of the market and personal expectations (Figure 4), so everyone is looking at 25,000, just like when the head and shoulders bottom is on the right shoulder, many are looking at 19,600.

Because everyone is looking at this position, there are several possible situations,

One is that most people are waiting for this position, and the attention is very high, but the big pie just doesn't go to that position, leaving the people waiting for the position empty.

The second type is that there is another type of people who are waiting for this position to pick up. They are all trapped by the above and some short-term speculators who have bought the bottom nearby. They will keep an eye on whether this position is broken and stop their losses. Therefore, the second kind The situation is that if the 25,000 position is broken, it will cause a panic market. Harvest the chips and then take them back, and throw away these panic stop losses.

The third method is to hit the 25,000 front plate just like the right shoulder of the head and shoulders bottom at 19,600, step on the previous high pressure and anti-support level, and then rise again.

These are all situations that are optimistic about the subsequent market fluctuations.

We have bullish expectations, but of course we must also prepare for the worst. That is, when the pie bounces back and everyone is crazy about the bullish move, some black swan suddenly comes and smashes it, and then everything is closed within a few days. If we don’t return to the situation above 25,000, we will have to stop loss and reduce our position again when we draw back 25,000.

Therefore, for some currencies, if you refer to the chips bought at the bottom of 26100-25000 and pull them up, you must either take profits in batches and remember to move the stop loss, or set a cost stop loss. Make sure you have some funds to be more flexible, and don't let your position have no mobility and become very embarrassed.

This is the reason why it was a good idea to vote to look at positions at the end of April and then recommend holding 5 or 6, because everyone wanted to be in a position to go up and not think about the possibility of a position being in a position to go down.