After breaking through 105,000, the market oscillated and retested without breaking key support. The highs and lows are rising, indicating overall oscillation leaning bullish. This is a correction in the downtrend.
Long entry points
- Rebound and stabilize at 104,800-105,400 to go long, stop loss at 104,200 - Break and hold above 106,765 to add long positions, stop loss at 106,300 - Conservative approach: wait for 102,300, stop loss at 101,400
Short entry points
- Break below 105,831 with no rebound to go short, stop loss at 106,200 - Fake breakout above 107,578 to short, stop loss at 108,300
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November 11th Tuesday midday trading ideas
After breaking through 105,000, the market oscillated and retested without breaking key support. The highs and lows are rising, indicating overall oscillation leaning bullish. This is a correction in the downtrend.
Long entry points
- Rebound and stabilize at 104,800-105,400 to go long, stop loss at 104,200
- Break and hold above 106,765 to add long positions, stop loss at 106,300
- Conservative approach: wait for 102,300, stop loss at 101,400
Short entry points
- Break below 105,831 with no rebound to go short, stop loss at 106,200
- Fake breakout above 107,578 to short, stop loss at 108,300