Make a prediction: According to the principle of five waves upward, if this holds, there should be a correction of 4 waves to the 0.618 position, 2466, followed by another wave of increase. If it falls below 2431, it will be invalid.
As shown in the figure, a W bottom formed in 15 minutes, yesterday it broke through the upper resistance level, and rebounded after a pullback to the 0.382 position.
Bullish Case: 【Applicable to Any Level】 Enter at the n-shaped breakout on the 1-minute chart, find the corresponding candlestick, a series of 4 moving averages closing above the 10-day line, moving averages in a bullish arrangement, and increasing volume below, meeting the conditions for a long position.
Short Selling Case: 5-minute level, multiple tops appear, no new highs, breaks the neckline, find the corresponding candlestick closing below the 10-day line, volume increases, meets short selling conditions.
Long Position Breakthrough Buying Method: The market breaks through the previous two highs and closes above the blue level line, with moving averages in a bullish arrangement, and trading volume showing significant buying pressure, boldly chase long positions.
Case 2: Price breaks below the triangle consolidation pattern in 5 minutes, with massive sell orders in the volume below, a large bearish candle closes below the 10/20/30/99 moving averages, short position established, the position breaks and retests - boldly short.