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7.17 evening trading plan
All major and minor timeframes have formed a complete bearish structure. The core of the evening operation is mainly to short on rebounds; even if you want to bet on a short-term rebound from a low position, you can only use a small position and light testing—strictly forbid heavy-position bottom-picking against the trend.
The 4-hour MACD has its two lines turning down, with green bars continuously expanding and bearish momentum steadily releasing. The market shows the characteristics of selling increasing on the decline and rebound volume shrinking, and bullish follow-through is severely insufficient.
Big brother, resistance at 63,500, with 64,000 under pressure, then look below 62,000 and 61,000.
Second brother, resistance at 1,860, with 1,890 under pressure, then look below 1,780 and 1,720.
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