Yesterday's judgment is that the market may enter a period of oscillation, with both long and short sides taking turns to perform. The rebound yesterday showed that the bullish strength is very weak, and there is currently a downward retracement in the 4-hour timeframe.

4-hour timeframe:

MACD remains below the zero axis. Bearish momentum is dominant. The downward trend in the 4-hour timeframe continues.

30-minute timeframe:

The largest central range has been formed. Judging from the bearish momentum, the market will evolve with bearish momentum dominance in the next 1-2 weeks. This will form a downward retracement in the 4-hour timeframe.

Another perspective:

The 15-minute timeframe has formed a trend movement, and the second central range is likely to break the previous low and form a downward departure segment. This will form a downward trend in the 1-hour timeframe.

If an upward retracement appears in the 1-hour timeframe, it will be an excellent opportunity to add to short positions.

Simple terminology explanation:

Timeframe: A unique concept in the theory of Chande, representing the market in two dimensions of time and space. The larger the timeframe, the longer the time and the greater the volatility. Generally, it includes 4-hour timeframe, 1-hour timeframe, 30-minute timeframe, etc.

Trend type: Divided into consolidation and trend, with upward and downward trends; each timeframe has a corresponding trend type.

Segment: The trend type of a lower timeframe, specifically referring to a segment of the trend at a certain timeframe.

Divergence: Refers to the end of an upward or downward trend, where the price makes a new high/low but shows obvious exhaustion in momentum. It is usually judged with the help of MACD.

The views in the article are for learning and reference only and do not constitute investment advice.

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