The moment the market comes out, no matter how long the wait is, it is worth it. In the afternoon, both friends ate part of the range, which proves the saying that choice is more important than effort, and the effort will be in vain if the direction is wrong. ​​​

Thoughts in the afternoon of October 16:

On October 16, 2024, at 8 o'clock this morning, the daily line closed with a positive K-line cross star, which is a relay pattern and is difficult to change the direction of the market. The US election is approaching, which will boost the US stock market. Although the upper pressure is at 68,000, this wave of rise is likely to break through the channel trend line suppression. Even if it cannot break up in the short term, the market will test or break the pressure level many times before turning bearish to form a lure and then fall. In terms of six hours, after the US market broke through the 66,800 top and bottom conversion pressure yesterday, as of the time of posting, three consecutive K lines have not broken down. The market will rely on the 66,800 support to build a new box structure at a high level, and the upper pressure is still at 68,000 in the short term.

If the key pressure level of 68,000 is broken, it can be seen at 70,000. If it is not broken, it will be adjusted back to 60,000
Ether synchronization is enough.

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