Yesterday, the market closed positively, and the market continued to rise for three consecutive days. In the short term, this wave of rise will reach the trend resistance line of 3500-3438 with great probability. We will continue to pay attention to the important pressure points of 3370-80. Due to the slow rise of yesterday, there was another wave of continuous rise this morning. The accumulated top divergence finally ushered in a downward correction. The number of such continuous divergences cannot be predicted, and sometimes it may even be forcibly reversed, but what is coming will come in the end. This is a good thing, because only after the correction can we climb higher. Of course, the bad thing is that a wave of decline in the European session will inevitably wash out a lot of bullishness, which is inevitable, because the direction of adherence is all the way up. But tonight, there is a high probability that it will bottom out and rise, because after the middle track breaks through, it will become a certain support, or pierce, but the closing should still be above, so there is a certain support in the range of 3260-3253, and there will not be too much room to go down for the time being.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.