Figure 1 is the daily chart of WLD, which belongs to the mid-term market.
WLD fell from the highest price of 12 US dollars to 2.5 US dollars, and fell for 100 days, with a drop of nearly 80%. This wave of callback took a long time, and the wash was also very thorough. From the trend of the market, after a clear decline, a long shadow with a huge volume appeared on June 18, and then it fell by inertia without breaking a new low. Yesterday's Yang line began to increase in volume, and formed a morning star with the previous K line. The morning star is a stop-loss signal. And it also fell to the starting point of the previous wave of rise, and this position has strong support. For the mid-term, WLD stopped falling, and the current position is a mid-term entry point. Whether there will be a good increase in the long-term later period needs to be seen from the value level, but for the mid-term and short-term, you don't need to look at the value, after all, the trading strategies are different.
Next, let's take a look at the short-term market of four hours.
1. After breaking through the double bottom with large volume in four hours, a wave of market retracement to support was ushered in.
2. When the short position is retraced, the volume of short positions gradually decreases from the initial large volume, indicating that the power is weakening.
3. The support is not broken when the price is retraced, indicating that the support below is stronger.
4. Moreover, the high and low points are gradually moving up, and the price has broken the previous high, which is an upward trend.
Through the analysis of the market, it is concluded that the four-hour short-term WLD belongs to the callback market of the upward trend, and it is currently near the support level. This position is a short-term entry point, and there will be a wave of rise in the later period.
At present, WLD is a good entry point for both short-term and medium-term trading, but it is still necessary to be cautious if you want to do long-term trading. To do long-term trading, you must study the value of this currency.
Many people are optimistic about this currency before, because its story is well told, and people who listen to the news are basically stuck at high levels. In the previous article, I analyzed the weekly line of WLD. At that time, I said: The next trend is crucial. Whether it is a continuation of the trend or a change in the trend, it depends on whether the rise after the shock ends is large. But the subsequent market rebound did not increase in volume, and then it continued to fall. The more news you hear, the more mistakes you make, and in the end you will be the only one who suffers.
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