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After the overnight surge with increased volume, the false break above the previous high was followed by a strong pullback. During that move, it first went north by 1100 units, then headed south by 600 units. Returning to the area near the earlier hourly string low point clearly shows that it can continue moving north. For defense, it’s sufficient to hold the earlier hourly string low point, and the distance is also relatively close—so even if it dips, it’s only by a small amount. Above this support level, it will first move north. Right now, another pullback is 700 units. This kind of rhythm not only corresponds to the market structure, but also advances back and forth. Overall, I’m still looking for upward movement, so it can continue to wait.
Although the breakdown is only a false break, as discussed before, after a false break, if it surges again upward, the continuation becomes stronger—and it also makes another breakdown more likely. 766 is promising.#今日你看涨还是看跌?