2024/12/24 Morning Insights

After a whole night of coding, I checked in the morning, and well, it's pretty much the same as what I saw at midnight. But it's still too early to be optimistic; currently, we are under pressure from the slope line, and the pressure is still quite evident. However, that's okay; I never expected it to surge all at once. I'm not concerned about how much it rebounds upwards; we only care about where it closes in 4 hours.

It is now 7:10 AM, and I hope that when the line changes at 8 AM, we can get a bullish candle. Additionally, if it is a valid rise, then during the next pullback, it should not break below 93214. If it does break below, then this is still a rebound within a downtrend. We still need to pay close attention to the defense at 92400.

The support of the daily mid-track and the 4-hour Fibonacci lower track is still relatively strong.

Friends have gone to sleep; if we break this blue diagonal line and the pullback does not break this line (the closing does not break), then we will return to a bullish trend.

Today, the selling pressure should be somewhat less than yesterday because of the holiday!

So, for the American market, we need to observe the acceptance during the daily Asian session; if there is a consensus, it will continue to rise.

I hope you didn't open a short position while facing a bullish candle; I hope you didn't chase the shorts; I hope you set a stop-loss; I hope you listened and reduced your position.

I may not be skilled, but I have no intention of harming you.

See you in the afternoon, friends.