Jiang Wei Analysis: The big pie has a short-term rebound, but it has not broken the box range. Therefore, it is bold to short above 97,500 during the day.

CN
2 days ago

Judgment of trends should follow the heart, and the technical skills have reached a high level of proficiency. At any time, trading should not go against the market direction and must not deviate from its operational trajectory. Going with the trend and riding the momentum is not only a matter of excitement on the pen tip but also a practical application.

Yesterday's market still moved in a range-bound manner, with no significant continuation in either direction. For such a trend, retail traders should be grateful, as they won't be trapped and will have opportunities to break free. If the direction is correct, then it’s possible to make profits by trading back and forth. Those who know Jiang Wei are aware that I mostly take high short positions. Compared to the current market, the profits may not be substantial, but they are stable enough. The short position around 96700 yesterday also provided a full thousand points to exit.

The four-hour structure shows the price testing the upper middle track, with short-term pressure at the 97500 level, including the daily level. The previous resistance does not exceed the 98800 mark. Therefore, as the market rebounds, it actually presents another opportunity for us to prepare for high short positions.

Everyone can consider looking bearish in the 97400-97800 area in batches, targeting the 95000 level. If it breaks, continue to look down to the 93500 level. The points are for reference only.

What can relieve worries? Only Jiang Wei. Follow the public account.

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