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Exploring the mysteries of wave theory, predicting future market trends
13:50
The afternoon market rebounded from the low of 61658 to a high of 62615, where it faced resistance and pulled back. It is currently consolidating below 62517, gathering momentum to challenge the key resistance level of 62517 again. Strong resistance levels are at 62796 and 62940. If these levels cannot be broken, they are suitable for short positions, with quick entries and exits.
The market is still within the C4-1 upward cycle, so short positions are not suitable for long-term holding. Take profits quickly and wait for the next opportunity. For downward liquidation points, refer to the teacher's indicated levels. Breakouts turn into support, breakdowns turn into resistance.