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封狼-实战为王
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Happy weekend! Weekly summary and opinions for next week:
First, the conclusion is 934, not the bottom. We still need to go through another decline, but the space below is limited. We all understand the principle of not chasing a cornered enemy!
Let's review this week's market performance:
From Monday to Friday, the overall trend was a downward fluctuation, with a drop to 924 followed by a rise to 999. Early Friday, it dropped again to 934, and in the short term, it still seems to be moving downwards. However, this is different from the previous drop from 1083 to 922, which was a rapid decline and one-sided downward movement. You had no chance to bet on a rebound. This time, from 999 down, the pace has clearly slowed, accompanied by a process of correction, suggesting that the space below is limited!
From a daily perspective, even if a small bullish candle formed on Friday, the current phase still favors bears. Unless there is a big bullish candle at the close, forming a bullish engulfing pattern, it won't change the current phase.
From a 4-hour perspective, after a significant decline, we are in a correction phase. After all, Friday's drop from 975 to 934 represents a downward movement of 4000 points, followed by a rebound and correction at the 950 level. However, there is no need to worry; in the short term, the bearish advantage remains, and any rebound is a signal to enter. The upper levels now face resistance at 956-965-973. Given that the price is hovering around 950, it would be prudent to rely on the 965 resistance next Monday and watch for a downward movement, aiming for 951-940.
As for bottom-fishing, we are not at the position yet, and the timing is also not right. I believe it is best to wash out the market for a while, until mid-January. Of course, this is just a personal speculation for reference.
First, the conclusion is 934, not the bottom. We still need to go through another decline, but the space below is limited. We all understand the principle of not chasing a cornered enemy!
Let's review this week's market performance:
From Monday to Friday, the overall trend was a downward fluctuation, with a drop to 924 followed by a rise to 999. Early Friday, it dropped again to 934, and in the short term, it still seems to be moving downwards. However, this is different from the previous drop from 1083 to 922, which was a rapid decline and one-sided downward movement. You had no chance to bet on a rebound. This time, from 999 down, the pace has clearly slowed, accompanied by a process of correction, suggesting that the space below is limited!
From a daily perspective, even if a small bullish candle formed on Friday, the current phase still favors bears. Unless there is a big bullish candle at the close, forming a bullish engulfing pattern, it won't change the current phase.
From a 4-hour perspective, after a significant decline, we are in a correction phase. After all, Friday's drop from 975 to 934 represents a downward movement of 4000 points, followed by a rebound and correction at the 950 level. However, there is no need to worry; in the short term, the bearish advantage remains, and any rebound is a signal to enter. The upper levels now face resistance at 956-965-973. Given that the price is hovering around 950, it would be prudent to rely on the 965 resistance next Monday and watch for a downward movement, aiming for 951-940.
As for bottom-fishing, we are not at the position yet, and the timing is also not right. I believe it is best to wash out the market for a while, until mid-January. Of course, this is just a personal speculation for reference.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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