Time flies, and it is Friday in a blink of an eye. This week's market was like a roller coaster, with long and short positions reversing back and forth. The market failed to effectively break through the 3w mark, and the overall shock range remained at 29,000-30,000. Although the volatility was not particularly large, Caesar King also publicly gave everyone good benefits. Yesterday, the big cake entered the market at 29,000 and took 400 points of space as expected, and the second cake had nearly 30 points of space. Under the limited market conditions, Caesar King also allowed everyone to reap the biggest profit.
Let's take a look at today's market. From the daily level of the big cake, the market has been fluctuating around 29200 for more than 10 trading days, which is enough to show the fierce competition between long and short positions. From the H4 level, it fell again yesterday and then began to rebound and walked out of the triangle shape. At the same time, an upward trend line obviously appeared below. Next, we just need to wait patiently for a break. The H1 level is currently in the process of range fluctuations. Here, we can consider using the moving average adhesion breakthrough method to wait for the market to break through and choose a direction before entering the market. For the time being, consider the high altitude pressure of 29500 and the support of 29000. It should be noted that the market is likely to close positive today and tomorrow, and the morning operation idea is still mainly to retreat and enter more.
Operationally, the pie is more than 29800-29000, the first target is 29500, the second target is 29850, and the defense is 28400
Second cake 1820-1830 more, first target 1860, second target 1890, defense 1805
So I have given you my morning thoughts. I wish you all good luck.
