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Market analysis for Wednesday, October 29, early morning:
The evening market rose significantly to around 114000, then moved up to around 116000 before falling back to around 114100, and is now oscillating near 114600.
The evening market trend is that it rose to around 4175 after hovering near 4095, then fell back to around 4065, and is currently fluctuating around 4100. The overall trend for the evening shows an inverted V shape.
From the current four-hour structure, the large handle of the inverted hammer shows a three consecutive bullish candles with long upper shadows. Pay attention to the resistance near 116500 above and the support near 113500 below. From the hourly level, the market is under pressure with reduced volume above the handle, while the focus below is near 114200, and in the short term, watch the area around 113800 below.
Early morning operation suggestion:
The large handle rebound is around 115000-115300, look towards 113800-113500, otherwise you can go long.
The posture is rebounding near 4125-4155, just look towards the area around 4055-4035.
The fluctuations in the market are significant, so pay attention to risk control and defense. It's advisable to secure profits within the range.