Explore the mysteries of Elliott Wave Theory and predict future market trends.

08:18
After switching lines, the market continues to shake within a narrow range; there is no buying capital to chase the price higher. 62420 is the level that must hold for an upward move, and resistance is strong. As long as support at 61915 is not broken, it will keep fluctuating in the range of 62420~61915. If 61915 is broken, it will again drop to 61515, then 61300. If 61300 breaks, the uptrend will end, and another round of sharp selling will push it down to 6ok.
Trading principle: Short on rallies is the main approach; be very cautious about going long—upside room is very small and not worth it.