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Exploring the mysteries of wave theory, predicting future market trends.
07:00
Yesterday, the market dropped sharply to a low of 61,514 before rebounding with volatility. Currently at 62,289. Previously mentioned the key level at 61,300. If this level does not break, short positions should be closed, and the market will continue upward. However, after yesterday's rapid decline, the upward potential is limited. On rallies, still mainly short. Currently encountering resistance at 62,330, and upward resistance is significant again. If it can't break above, look down to 61,963, 61,514, and 61,300. If it holds above 62,330, upward targets 62,800 and 62,960. If there is positive stimulus with volume breakout holding above 62,960, the upward limit target is 63,856.
Operation principles: Mainly short on rallies, fast in and out. Going long requires caution.
Market trend: Strong short-term volatility above 61,300.
Market structure: C4-1