This wave of the market has actually given a signal. The 4-hour chart has continuously shown several doji candles, which simply means that the bulls and bears are at a stalemate, and neither side can suppress the other.
At this position, it is generally brewing direction rather than continuing to crash unilaterally.
Looking at the key point again, last night it dipped to around 1966 and was directly pulled back. If there is no capital support at this position, it would not be possible to rebound so decisively.
Therefore, this position can now be seen as a phase support.
Since the support has been confirmed, the thinking is very simple:
As long as it does not effectively break below 1966, long positions are cost-effective.
In this current structure, the bears cannot push down, and the bulls are slowly buying in, which is a typical situation of "if it doesn’t fall, it tends to rise."
So this wave can be taken, but the premise must be remembered: stop-loss must be in place, and exit on a break;
If it does not break, let the profits run. Don’t be afraid of fluctuations; those who can hold at this position will be able to reap the rewards later.
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