Yesterday, I made a serious mistake in my trading, which was to short on the left side in a bullish trend without trading in the direction of the trend, resulting in a loss of 5% of my total position, and the profits were directly retraced. (Painful mask)
The market sense still needs to be trained daily. Let's review yesterday's market:
As shown in the chart, the bottom is continuously rising. Because I didn't have long positions at the bottom, I kept thinking about shorting at some resistance levels, from 832 all the way to 852, and it just kept rising. This also belongs to my judgment error; without a clear downtrend, constantly looking for short signals at small levels led to losses.
Now, looking at today's market:
The first support test range is between 852 and 846, and the second support is between 835 and 832. Ideally, it should not break the first support; otherwise, it will return to the consolidation range. The daily target pressure is around 890, and long positions can reduce some here or gamble on short positions.
The morning trading thought analysis is complete. What do you think, everyone? Feel free to discuss and exchange ideas in the comments. Here is your little white, analyzing for free every day (heart emoji).