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May 17th Strategy Plan. Today is a critical period for the weekly closing. Currently, the market is showing sideways consolidation.
Ranked by win rate and safety:
First Priority
2198-2205 Short
This is a relatively good short position today.
Second Priority
2161 Breaks down and then rebounds without reclaiming, go short
Follow the trend, but watch out for false breaks.
Third Priority
Around 2161, insert a pin and then lightly add to long positions
Only short-term trades, do not hold on to battles.
Fourth Priority
2205 Successfully break above and then retest to go long
Confirm strength before going long, do not gamble on the trend prematurely.
=========================================
My preferred plan: Wait for a short at the 2198-2205 range, or wait for a break below 2161 and then rebound without reclaiming to go short. The current vicinity of 2181 is not ideal, as it tends to sweep up and down. Look for intraday trading opportunities based on the trend. Be ready to act at any time, and pay attention to message notifications.
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