Monday Afternoon Jing Yi’s Thought Process

In the morning, driven by developments on the news front, Iran’s Ministry of Foreign Affairs released positive signals, bringing the Lebanon conflict to major progress and effectively ending it. The “big pancake” rose from 632 all the way to 647. It perfectly gave us an opportunity to set up our short positions. Then it pulled back to 638 to lock in a 900-point gain, while the “second pancake” realized a 34-point gain.

From the current market conditions, the big pancake has pushed up toward the 647 resistance level three times. After each attempt to run higher, it quickly came under pressure and fell back, never managing to form a meaningful breakout. The upside space for this round of rebound and correction will be completely locked down. Most likely, the market will once again shift into a pullback and downward move.

Below, 632 is the short-term core defensive support. Once it breaks with increased volume, the market will probe further down to the 623 key support level. The core operational approach going forward remains unchanged: still focus on following the move to set up shorts by relying on rebound highs. For specific levels, refer to the morning plan, with the second pancake moving in sync. #我的Gate交易时刻