2024-09-30 Supplementary abbreviated view

Although a small retracement occurred as expected, this cannot be a signal to confirm a pullback. We need to further confirm that the logic of the previous pullback is: it cannot stand firm at 65806 and cannot break through 66280 again.

The reason why it cannot be confirmed as a pullback signal this time is the performance of this trend line at different times. If it does not break 642 when it falls, and is suppressed by 644. There is a probability that it will consolidate in the 645 range and move upward again. If it "squats" here and then jumps, this time it will bounce higher than the previous 666, and it is highly likely to directly touch 674.

The way to confirm this is that it can return to 652 and maintain 2 4h without breaking, which is the initial signal, and it can return to 65806 and 2 4h without breaking is the confirmation signal.

The method on the left side will go long when it falls to 644 without breaking, and the stop loss is at 638-639. Instead of chasing shorts, the method on the right is to chase after the price breaks, such as the 652 I mentioned before. At the moment of breaking, chase shorts and stop loss at 656.

Instead of chasing shorts after the retracement. Go long when the price reaches the top and closes.

If it fails to reach 652, the probability of falling further from here will increase, and the confirmation signal will be to break 642.

It is not 800 directions a day, you can go long or short, but you need to pay attention to which direction the price is moving and keep enough patience. For example, if you don’t want to take long now, you can pay attention to 652-658-663, stick to these positions, and go short when you reach these prices and cannot move upward, and set a stop loss of 200~300 points.