Hello everyone, I am Shihun.
There is data tonight. I haven't looked at the bullish or bearish news, but the four-hour wind and waves line is caused by this news.
Let's talk about the market of big cakes
Three levels
The first level: Where might the high point be inserted tonight? Speaking of the high point, the range of 62465-62500 is the first high point. Yes, that's right, this is the pin point. I have always said that I will not place a short order or short now because any low point may be the bottom. I personally want to do more long orders at the low point, but the pin point here tells you that it is between 62465-62500.
The second level: If the highest point tonight is 61985, then where will it fall? The extreme will fall to around 58500. If the pin is inserted tonight in the range of 62465-62500, then where will the extreme fall be? That is, where will the needle go? The most extreme position is around 58250. That is, whether it rises to around 62500 or the high point is 61985, you can place an order to open a long position in the range of 58550-58250.
The third level: Assuming that 59815 is the bottom, where is the opportunity on the right? I tell you that if you go long on the right side, the price does not fall below 59815, and it gets support above the price of 59815, and the closing of the rising positive line is the opportunity to be long on the right side. According to the wave theory, the second wave of the callback does not break the previous low, and the third wave of the main rising wave rises.
So you have to wait for the callback first and the price does not fall below 59815, and the positive line is closed before there is a market price opportunity, and today the upward needle may be inserted at 62465-62500, but I will not go short here, I will still wait for low long or right side trading.
If I place a long order, I will place 10% at 58550 and then 10% at 58250, with a stop loss of 57800.
