Wednesday: As expected, it surged higher on schedule, and the bulls still take the lead

Today’s market overall is moving in a choppy upward-shift state as it goes, but our approach is to go long on a pullback. We’re already at the evening stage now, and our long setup is still very on point—arriving as expected in a perfect formation. The long positions are carried out around the 81,000 area, producing a pretty good result.

From a technical perspective, the smaller timeframe is still in a one-way upward move. The strength of the pullback for consolidation can be described as extremely weak. The bullish formation is still in a strong state. On the bigger picture, it remains biased toward the bulls, and the recovery is forceful.

On the short-term rhythm, after the push higher there is some need for a pullback, but the magnitude has not followed through with the momentum from the technicals. Overall, the state is still mainly driven by the bulls.

For tonight’s trading idea, we’ll still go with the trend, mainly focusing on going long at lower levels:

In terms of trade, my personal suggestion is to go long in the 81,300–81,800 area, with targets at 82,800–83,300.

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