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07:36
Last night, the market surged sharply to a new high of 65,100, driven by favorable inflation data, and the market structure was pulled back to C4-1, continuing the rebound. After this leg of large up-and-down volatility, the long positions that were above 65K have already cut losses and exited some at the bottom. This time, the price has reversed and is moving up again to clear the short positions above 65K. Currently, after consolidating around 64,800 and building momentum, it will continue to move upward to clear the clustered short position area near 65,500. The top area of this move is around 65,500. Even if liquidity squeezes upward, the rally won’t go far.
Market structure: C4-1
Market trend: the final topping phase, the end stage of the C4-1 move
Trading strategy: wait for the last opportunity to go short
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WavesLegend
· 07-14 23:42
Keep an eye on whether the oil price has been holding above 80 all the time, and whether the rate-hike expectations right now are only a breather rather than a stop. News can never change the direction of the underlying structure—it can only delay it.
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