There was no breakthrough, but a second dip was made in the early morning to test the high of 37700. In this situation, it is correct to take timely profits. Our target for short-term retail investors in the evening and early morning is to take profits near 700. The market test of falling before rising indeed challenges the mentality. If you can't hold on, it will be another successful bear trap. The profit-taking target for this wave is 38000, which can be reached in the next two days. How to layout on Tuesday? Let me explain in detail.

Looking at the daily chart, the morning and evening friction ended with a small bullish candlestick, and the candlestick has been maintaining a oscillating upward structure. Each pullback corresponds to a strong rally, and all indicators are trending bullish. So our target is not far away. Patiently holding on will eventually lead to a turnaround!

Looking at the four-hour chart, after testing the high, the market started to pull back and repair. The candlestick is turning bearish, and the frequent needle-inserting trading volume is indeed insufficient. The market is in a state where retail investors are panicking and large investors are not moving. Personally, I expect the pullback to occur, and we can roughly see the support level at the round number, but it will not pull back too much because the bullish volume is still increasing. It will take some time to dilute the remaining volume to change in the short term. The moving averages have started to gradually turn downward, and the gradual convergence indicates a turning point at this moment. Looking at the overall structure and the recent volatility pattern, the Asian market is mostly testing both long and short positions. The key is to see if the European and American markets can show a clear direction. For today's early market strategy, we can consider watching for a pullback before entering long positions at a lower level.

Trading Suggestions

Short at 37700-37600

Target: Look at the 37200-37100 range. Defend against a breakthrough of 38000 and look at 36200.

Long at a lower level

Continue to target around 37100-37000 for long positions, aiming for the high point of early morning yesterday!

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