Daily Technical Review (Not involving point-based trading, just a self-review during work)

But first, a reminder: please all small traders follow the aggressive orders previously given, because we don't know how the US stock market will move. If it suddenly spikes and I doubt everything, I sincerely apologize brothers.

Figure 1: First, look at the capital flow. Today, after the Asian session spot market showed bearish divergence and then turned around...

As previously summarized, in a bear market, trading based on bearish divergence has a high success rate...

That said, the difficulty lies in the timing of entry...
For example, last night when CME opened, after that wave of short positions was taken out...

Actually, the subsequent spot market trend has been bearish divergence since point 1 on the chart... Point 1 is bearish divergence, point 2 is also bearish divergence, and by the time it reaches point 3, it's still bearish divergence, after a spike to 712, it then declines...

Whether to trade at point 1, 2, or 3 depends on control of the risk-reward ratio... If the risk-reward ratio at points 1 and 2 isn't favorable, naturally, no trade is made...

So when it reaches point 3, are you still hoping for another wave up to point 4? That could improve the risk-reward ratio... because at point 3, if a stop-loss is triggered, it would be around 1000 points.

This is the challenge between theory and actual trading entry timing...

Figure 2: Market trend continuation from yesterday to today following the trading ideas

No more text, just look at the chart...

Figures 3 and 4: Current order book status

The current support for this 60,000-point needle AVWAP comes from orders...
Support isn't just because of a simple AVWAP level,

It's also because there are orders placed around this level...
But these orders are not large, so support isn't very solid...

We need to wait for the US stock market to open and determine the direction...
If it moves upward, then see if the 70,000 to 71,000 level can be retested and whether it can break back into the previous range... Also, check if there's a strong entry model with a push-up at this level...

If it moves downward, then look at the area near the previous low of 67.2, or even the zone around 66,000...

None of these levels have been tested yet, so it's impossible to predict in advance. We can only wait for a pullback with volume and exhaustion to reverse and form an entry model...