On August 11, I proposed two sets of bull and bear scenarios. (I will continue to share on Binance later)
Here I will continue the two sets of views on the market in the bull market and the bear market. (Figure 1)
As for the bear market, here is wave C, which can end at any time and turn downward.
That is, the third white pen, which can end at any time. This is when the index is below 70,000. It is not clear where the rebound will end. It depends on the market's combined force. (Figure 2)
As shown in the figure, we need to observe that in the short term, we cannot fall to the central axis and oscillate. If it drops to the vicinity of the central axis in the short term, we think that wave C or wave Y, that is, the third white pen, will end. The market is likely to continue the bear market. Then from the bottom, it is wave B or wave X.
As for the bull market, the trend here is defined as 5-3 waves. The target is far away. The target of the entire 5 waves is around 100,000. The 5-3 waves will oscillate at a high level, oscillate strongly, and keep rising. Break the pressure and break the previous high SO. Recently, I will observe the strength of the trend.
If it is strong, we will see the bull market; if it is weak, we will see the bear market.
Don’t ask me whether I am long or short. We are currently at the boundary line between long and short. There is no clear long or short position in the big structure.
In terms of operation, the conservative idea is to follow the breakthrough of the last analysis, or do it after the short position is confirmed. Take more rest in the remaining time.
There is no other view here. At present, there are only these two views.
Just do good things and don’t ask about the future!