Let's take a quick look at the market on the weekend, starting with the daily chart:
Although yesterday's closing volume was not large, it did recover some ground to a certain extent. Now we need to see if it can stabilize above 1020 to break through 1025. If it breaks, look for 1046, where there is still some pressure. Nearby, consider shorting with a stop loss at 1050. Let's review the small-timeframe charts from the past two days to see if there are any trading opportunities:
Two days ago, I mentioned paying attention to the support and resistance levels of 1020 and 996. We can see a high of 1025 and a low of 992, which are very close. I wonder how everyone's profit situation is. Friends who prefer real trading might find it relatively painful because most of the market movements occur at night.
At this stage, with the support level of 996 confirmed, the outlook is bullish. In real trading, pay attention to the pressure levels between 1036 and 1056. There hasn't been any volume supporting the rise in the past two days. Weekends are generally a time for consolidation and repair, so be cautious of pullbacks. If new highs are not broken, the focus will still be on large-range fluctuations.
For friends holding long positions, set your stop loss at 101000. We still need to observe the short positions. If it cannot break through near 1046, it may confirm a double top on the weekly chart.
The morning trading thought analysis is complete. How does everyone feel? You can discuss and exchange ideas in the comments. Here is your little white who loves you, providing daily free analysis (sending love). Let's take a quick look at the market on the weekend, starting with the daily chart:
Although yesterday's closing volume was not large, it did recover some ground to a certain extent. Now we need to see if it can stabilize above 1020 to break through 1025. If it breaks, look for 1046, where there is still some pressure. Nearby, consider shorting with a stop loss at 1050. Let's review the small-timeframe charts from the past two days to see if there are any trading opportunities:
Two days ago, I mentioned paying attention to the support and resistance levels of 1020 and 996. We can see a high of 1025 and a low of 992, which are very close. I wonder how everyone's profit situation is. Friends who prefer real trading might find it relatively painful because most of the market movements occur at night.
At this stage, with the support level of 996 confirmed, the outlook is bullish. In real trading, pay attention to the pressure levels between 1036 and 1056. There hasn't been any volume supporting the rise in the past two days. Weekends are generally a time for consolidation and repair, so be cautious of pullbacks. If new highs are not broken, consolidation will remain the focus.
For friends holding long positions, set your stop loss at 101000. We still need to observe the short positions. If it cannot break through near 1046, it may confirm a double top on the weekly chart.
The morning trading thought analysis is complete. How does everyone feel? You can discuss and exchange ideas in the comments. Here is your little white who loves you, providing daily free analysis (sending love).