Yesterday, the 2813 long almost hit 200 points but didn't exit. In the middle, I took three short positions during the wave and earned over 80 points profit. The long positions not only didn't exit but also added to the 2783 position. I don't know why I have so much faith in the 2783-2822 structure point, but my rational mind tells me to be cautious. Now I have reduced part of the added positions. I will continue to hold the longs until stop-loss. I will keep hedging the wave profits with shorts, but I won't hold the shorts overnight.
By the way, here is my view: I personally am not very interested in news sentiment. I never judge whether news is bullish or bearish. When the market volume breaks through an important structural level, it’s a rebound short. When the market holds at a very important structural level and shows a bottoming pattern, it’s a long. So, after the market broke below 2972-2963 a few days ago, my view has always been to rebound to the 3000 and 3080 levels to short, short until testing 2820-2780. The facts have verified this idea. Of course, the current market is also at a very important structural node and has formed support. So at this point, I have no other choice. The only direction is long—blindly add positions with stop-loss. But I will still hedge some key resistance points to reduce the holding pressure by offsetting wave profits. Finally, I wish everyone good luck.
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Yesterday, the 2813 long almost hit 200 points but didn't exit. In the middle, I took three short positions during the wave and earned over 80 points profit. The long positions not only didn't exit but also added to the 2783 position. I don't know why I have so much faith in the 2783-2822 structure point, but my rational mind tells me to be cautious. Now I have reduced part of the added positions. I will continue to hold the longs until stop-loss. I will keep hedging the wave profits with shorts, but I won't hold the shorts overnight.
By the way, here is my view: I personally am not very interested in news sentiment. I never judge whether news is bullish or bearish. When the market volume breaks through an important structural level, it’s a rebound short. When the market holds at a very important structural level and shows a bottoming pattern, it’s a long. So, after the market broke below 2972-2963 a few days ago, my view has always been to rebound to the 3000 and 3080 levels to short, short until testing 2820-2780. The facts have verified this idea. Of course, the current market is also at a very important structural node and has formed support. So at this point, I have no other choice. The only direction is long—blindly add positions with stop-loss. But I will still hedge some key resistance points to reduce the holding pressure by offsetting wave profits. Finally, I wish everyone good luck.