Last week, gold and Dow Jones started to plummet across the board, and the short-selling of the band was a carnival. First of all, our initial short-selling target of 38,500 under the Dow Jones 45,000 has been completed. The only key support is the 36,300 line, and gold has also fallen to the 2970 line. There is no bottom at present, but there is a rebound in the key support level, so don't chase the low in the morning! From the closing point of view, the weekly line finally closed with a long upper shadow line and a quasi-inverted hammer pattern. After the end of this pattern, the market has been in the short stage this week. The intraday rebound is still mainly high-altitude. The market has a large amplitude, and the small stop loss has lost its meaning. At this time, the entry position is very important. In terms of points, the intraday rebound 3045-55 area continues to be high-altitude.
Short-term support: 3038, 3018, 2980, 2960
Do a good job of pushing the position protection! ! !
Short-term support: 3038, 3018, 2980, 2960
Do a good job of pushing the position protection! ! !
Trade active
The market has been very volatile recently, with opportunities and risks coexisting. Control the risks first, then make profits. Insist that profitability is the only standard of strength. Never make ambiguous analyses. I have my own trading style. Followers have never failed in the past year. Others have been on the bus for a long time, but you are still hesitating whether to cross the red light. Hesitation will lead to failure. Follow my pace and reap wealth.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.