I don’t know if there are any brothers who have been following us for a long time. I remember that I posted a tweet on 9/5, saying that the rise and fall caused by the news may run again, because the daily level short callback price has not yet been met.
This article is considered to be 80% accurate in terms of time and location.
Let us first draw the conclusion that there will be a rapid decline in the near future.
And here we continue to add the view of the four-hour chart, which is more clear with the contract chart (bear market contracts dominate the market)
Here, after the pie broke through the triangle convergence that was assumed to be true, it stepped back at 0.618 and turned its head.
As for the bullish target, it will be placed at the Fibonacci 1/1.382/1.618 target, which means the highest possible level is around 31,000, and a three-top structure will be formed at the daily level. Although it looks a bit ugly, it is also conform to the time structure
The short sellers will focus on whether the K line will form a long upward lead and break through the red box.
The best position is to insert to 1.13 (near 29110) and close below 28600, then 3TAPs of 28600 will be formed, and the liquidity above the short position will be cleared, and the possibility of reversal will increase.
Therefore, what we can do now is to go long at the current price of around 27,400. The stop loss can be placed at 27,000 and the target price is placed at the place mentioned above.
Then wait for the reaction at the key price above 28,000 and observe whether the pin is inserted, then you can find opportunities to short.
The above is my personal opinion. If you have any opinions, please leave a message for discussion.
If you agree with my point of view, please don't be stingy with your Sanlian.
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