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7.24 Thursday
Good afternoon, everyone!
In the early morning, we entered the market at the specified pancake/aunt's extreme pullback position to watch for a retracement, and then placed orders below to catch the rebound, both of which led to a wave of profits. In the morning, it rebounded again to around 1192/3660, and the market is currently under pressure and retracing.
The pancake retracement targets first look at the 1173-1168 area, if broken then look at around 1158. If the first target area for the pullback does not continue, then reverse and take a long position to see the rebound. The upward target first looks at around 1185, if broken then look at around 1195-1200.
The aunt has currently retraced to the support level near 3580. If it continues to decline, we will look at the area around 3560-3530. For a rebound, you can enter near the first target level. If it moves down further, you can add or use it as a defensive position to enter. For the rebound upward, the first target to watch is around 3620. If it breaks through, then we look at the area around 3660-3680.
Overall summary of the Silk Road for the day, taking a trend wave segment with low long and high short positions. No matter which direction you enter, have good defense, create space, and either hold on for further gains or take profits at the sub-camp position.
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