The current market is very active. Although it is a stock game, the fluctuation of each 30-minute segment is significant. In a oscillating market, there is usually a 30-minute central oscillation. In the oscillation, there is no need to predict the direction of the future breakthrough, just focus on the operation of the central oscillation. In recent days, there have often been non-divergent and reversal forms in the central oscillation, so it is very important to set up a moving stop profit. Floating profit orders must eventually be secured.
4-hour level:
From the perspective of the 4-hour level, it is a simple continuation of the upward segment + MACD returning to the zero axis, so the market is generally dominated by bulls. Before the current upward segment ends (showing internal divergence structure or at least two non-higher trends at the secondary level), there is no reason to go short.
1-hour level:
From the structure within the segment and the form of MACD at the 1-hour level, the current uptrend has not ended. There is still an expectation of breaking the previous high, and a new buying point is forming at the current small level.
In summary, the current response strategy is relatively clear:
Hold the long positions at the bottom and wait for the expectation of the end of the upward segment at the 1-hour level before reducing the position (showing a full structure inside and a secondary sell at the small level).
For those who do not have long positions, wait for the buying point at the small level. It is relatively difficult to operate and requires monitoring at the five-minute level.
There is currently no opportunity to go short.
Simple terminology explanation:
Level: A unique concept in the Chande theory, representing the market in two dimensions of time and space. The larger the level, the longer the time and the greater the volatility. Generally, it includes 4-hour level, 1-hour level, 30-minute level, etc.
Trend type: Divided into consolidation and trend, with upward and downward trends; each level has corresponding trend types.
Segment: The trend type at the secondary level. "A segment at a certain level" specifically refers to a segment.
The views in the article are for learning reference only and do not constitute investment advice.
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