The teachers finally stopped talking about more. And they all posted photos of their positions being very bad, and it was obvious that they had hurriedly chased the short orders. They all said that they had made a lot of money for their families, as if they were not the ones who said 68,000 and 70,000 two days ago, and that they would buy without thinking as long as it fell back, and it had nothing to do with them.
Then those who deleted the posts deleted the posts
Those who deleted the comments deleted the comments
Only a bunch of people believed in it, some exploded, some were trapped
It was the same with 70,000 last time
It was the same with 65,000 before
It is the same this time
It is the same every time
The risks of guessing the top and guessing the bottom are equally high. I can only estimate some positions and trends based on volume, price, form and time, but estimation is guessing, and it cannot guarantee that it will be right every time. I can only say that if there is no external interference, the accuracy rate is still okay most of the time. The disturbed market can deviate for a short time, and will not deviate continuously. I hope that next time when I am wrong, you can stop scolding me. Scolding too much will make me dare not say what I really want to say, and that may cause you to miss some opportunities.
You hope that the price will continue to rise, but there will always be a limit where no one is willing to take more. As the number of profit-taking orders increases (increase in selling orders), the pressure on the main force to pull the market is great (reduction in buying orders), and a downward correction is inevitable.
A low-level retracement is consolidation
A high-level retracement is a high probability correction
And if the correction does not eat up one side, it is difficult to turn 180 degrees.
Today we are oversold, even if the correction should not be so fast, there should be a rebound later, but it is difficult to change the trend of the next shock downward.
But don't be discouraged, this is just a wide-band shock, and there will still be a peak in October. Those who are trapped in the spot will only hold on for half a month to twenty days at most, and they will be untied.
Finally, the most basic logic on the left is to go short on the rebound and go long on the retracement
Chase the rise after breaking through the resistance level
Chase the fall after breaking through the support level
Bring a good stop loss
Happy National Day to everyone🎉
