The price consolidated in the range for about 11 days and then chose a direction and moved upward.
At this time, some people are panicking and don’t know how to deal with it.
Some people even bought directly at the market price, and now they are in the process of being trapped
There's no need to be afraid. Really.
Think about it from another angle. If the price has been consolidating in the range,
In fact, you don't know what he is going to do, whether it is going up or down.
Now it will be clearer
It has made its choice, and all we have to do is respond to and follow the market trends.
Let's sort out our thoughts now to ensure that we have a clear mind.
At present, the 4-hour period has broken through the consolidation range, and it is very powerful.
The rising Yang line is a medium-large Yang line. We have said that the medium-large Yang line is generally the main force.
Or the traces left by banking institutions building positions, which we small investors certainly cannot do.
Now it is definitely confirmed that it is a powerful breakthrough, and it is a real breakthrough
There are two ways to deal with it.
1. Wait for the price to retrace to the upper limit of the range
It is possible that it will not fall back to this position and continue to rise
2. Wait for callback
Look at the small-scale trend to see the strength of the price correction
And where will it get support and continue to rise?
Is it possible to wait and see at this position?
For example, this position produces the FB structure we talked about on Saturday
Or SB structure, with high 1 or high 2 double bottom
Are these things worth trying?
Remember the three steps of the day?
1. Trends
2. Draw the key points
3. Find the signal
Now we know the trend.
The key points are also drawn
Now there is only one step left.
If the price does not generate the desired signal at these positions
what to do?
Give up the transaction and continue waiting
Or maybe the price starts to change and it is impossible to continue the long position.
Then watch
Don’t participate in any market you don’t understand.
If you don't participate, you won't lose money. The rise and fall has nothing to do with you.
You have to preserve your strength.
To survive in this market
Don't leave this table and don't be eliminated
That's what you should do most
There are many opportunities
Don't pay special attention to these two
And what we have to do is to deal with the price
Rather than being led by price
What we have to do is no matter how it goes
There are strategies to deal with
If you are always led by price
I get excited when the big Yang line is pulled up
You will inevitably become the leeks that are cut
Because your emotions have been affected by the market
If you don’t have a calm mind, you will not be able to see the truth of the market.
Today I talked about the market and the mindset. I hope it will be helpful to you.
The above is just a reserve plan. You can enter the market only after looking at the intrinsic trend of the price.
If you enter the market in this way, you will bear your own profits and losses
I am Coach Panda, who is good at making complex issues simpler.
I hope your trading goes well today.
