11.2 Daily Summary
Preface: Patience does not mean that you believe because you see, but that you see because you believe.
Order situation: I made 4 orders today. The first one was a short order near 34850 last night, and I made a profit of 450 points at 34400. The second one was a long order near 34400, and I made a profit of 400 points at 34800. The third one was a short order near 34600, and I made a profit of 350 points at 34250. The last one was a long order near 34300, and I finally made a profit. I made a profit of 1200 points today. Some of these orders were given offline tips, and some were suggestions. They can be found on the entire network, and Qi Ling is also updating in real time.
Order opening logic:
First order: I have already explained it yesterday so I won’t repeat it here.
Second order: 1. The market did not fall below the trend line and recovered, and a small cycle formed an engulfing.
2. In the market, the price recovered to around 34100, which is a divergence.
3. The market retraced the trend line and formed an N-shaped asymmetry, and CVD made an obvious turning movement.
The third order: 1. Divergence occurs in both 30-minute and 60-minute
2. CVD has clearly turned around and is in a pin-interrupting market.
The fourth order: 1. After the pin is inserted, it is quickly withdrawn, a higher high point appears and it stands above the previous high of 35300, showing signs of stabilization
2. Both the position and CVD have a turning action. Therefore, when this single line is given, it also prompts a light position with a stop loss.
Reason for closing position:
First order: 1. It did not fall below 34,000. On the daily chart, it can be seen that it only tested the previous low.
2. As mentioned earlier, there is a reverse signal.
The second order: 34800 was tested frequently before (0.618)
The third order: The market quickly recovered after reaching 0.5, indicating that the bulls are very strong. And there are obvious signs of stopping the decline in the short cycle, which is also a reference for the fourth order.
The fourth order: From the third order, we can see that the bulls are relatively strong, but by the fourth order, it still can’t even go up to 0.5, which makes me feel conflicted. The U.S. market is about to open, and the direction is not very accurate now. Therefore, when the market falls back, I will get out first to protect my capital and see the future trend.
Summary: Before the US market opened, I thought today's market trend was actually quite strange and a bit unpredictable. But now that the market has fallen into the box, it is obvious that today's trend is a bit unexpected but reasonable. There is nothing else to say, the biggest thinking point is the fourth order. Now carefully observe yesterday's European market upward needle to 35250 and then quickly withdraw to understand. So review is really very important
Night focus: As of now, the market has come to 34600, which is the POC of this round of rise, and there is no sign of stopping the decline, reversing or adjusting. Therefore, it is necessary to observe the price behavior near the POC of 34523, and whether the market will break below the 34000 box if it falls, announcing that the short-term bullish structure is destroyed. But now, if the market cannot retreat to above 35300 and stand firm, it can be said that the bullish force has shown signs of exhaustion.
The above analysis is for reference only and does not constitute investment advice.
