Do you need to predict when doing transactions? Forecasting is what a trader must do. Forecasting is for planning and preparation, not for action signals. Preparation work. Based on chip distribution, support pressure, space and time, we predict the top and bottom.
The top is a range, and the bottom is also a range. As long as we sell at the top and buy at the bottom, we are successful traders. As long as the trend is there, we will follow it. If the trend is not there, we will leave.
Why do we only need vague correctness but not precise points? Just like seasonal changes, winter and summer, which day has the lowest temperature in winter and which day has the highest temperature in summer, are beyond the scope of prediction and cannot be predicted.
Everyone has their own expectations. The prediction cannot be rigid and must be strictly followed. In the end, the market trend will prevail.
Whether you are bullish or bearish on a market trend, you may make a trading plan, and both bulls and bears will make money. It is also possible that the direction is right, but you lose money because you have unreasonable expectations and believe too much in your own predictions and ignore the market trend.