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Good evening, brothers, give the brothers a briefing on the night market trends,
Sideways completes the two trends to follow, which are either rise or fall. How to determine the risefall? Here are a few criteria for brothers to judge.
1: Pay attention to the four-hour support at 64000 during the night. If the four-hour closing can hold at 64000, the market will shake up again, with a target of 645000. Break through 64500 and look at 65000.65600.
2: The four-hour closing fell below 64000, indicating that there will be a pullback in the next four hours, so pay close attention to the bottom support at 63522 in the consolidation zone. If it falls below 63522, the target is 62281.60596.
So remember, the high point of the Sideways area for the brothers is 64549. The low point of the Sideways area is 63522. The support for long and short positions is based on the price of 64000. You can see which side breaks through first. It is not recommended for the brothers to speculate within the Sideways area. The key is to follow up at 8 o'clock tomorrow morning, when the weekly line changes. See if the weekly line can hold at 62600. If it can hold at this price tomorrow, it means that the weekly level is on the longer side again.
From the current market situation, the larger timeframe is longer, so longer will be stronger. It should test the two levels at 64565.65000. If it fails to break through, there may be a Long Wick Candle downwards. Therefore, when taking a long position, we must manage the risks well and set a stop loss!