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Explore the mysteries of Elliott Wave theory and anticipate future market trends.
Professional analysis, technical support, precise entry points, and winning moves.
The following viewpoints are for reference only; the market is risky and investments require caution.
11:02
After the 06:00 global market open in the early session, activity increased and price began to fluctuate sharply both up and down. After switching lines at 08:00, it continued to trade in a choppy range of 64545~65090 to build momentum. In the next phase, the intraday structure may form another sub-wave to push higher. Pay close attention to whether the upward push can hold above 65090; if it holds after a breakout, it will continue higher to challenge the prior high at 65600. Otherwise, after the upward time has been consumed by trading in the 65090~61850 range, the market will break down and fall further.
Market structure: C4-2
Market trend: Ranging and choppy
Trading strategy: Above 65K, prioritize opening short on the upward push to take profit