Yesterday’s big pie once again showed the previous pattern of rising sharply and then falling back. It continued with a pullback and digestion phase. In the evening it attempted 83 and then rebounded. From this position, as previously mentioned, there is also good room to rise toward the rebound near 85.
At the current daily level, the rebound to around 83 has interrupted the consecutive downward streak and shifted it back to a bullish pattern. The bottom-formation structure on the daily chart has not been broken. We are currently in a high-level pullback phase where the momentum is weakening. In the short term, it may still be worth watching around the 83K area—if it can hold, you can look to catch the move toward 86–87.
Today is also the quarterly options expiration day, so it’s easy to see a needle-like price action. And as for Friday, you know what that means. In terms of trading, remember to manage risk and set proper controls.
At the current daily level, the rebound to around 83 has interrupted the consecutive downward streak and shifted it back to a bullish pattern. The bottom-formation structure on the daily chart has not been broken. We are currently in a high-level pullback phase where the momentum is weakening. In the short term, it may still be worth watching around the 83K area—if it can hold, you can look to catch the move toward 86–87.
Today is also the quarterly options expiration day, so it’s easy to see a needle-like price action. And as for Friday, you know what that means. In terms of trading, remember to manage risk and set proper controls.
