4-hour chart: A large bullish candle successfully broke through the trading range. In yesterday's view, I also expressed a short-term bullish outlook. When the market is within a trading range, you can use the "center of gravity theory" to judge the subsequent trend. For example, when the price hovers above the midline of the range, there is a 70-80% probability of breaking above the upper boundary and experiencing an upward move. Today's Analysis Focus on the 3678 level, which is the 4-hour timeframe's bullish and bearish dividing line. Breakout in the direction of the trend for long positions. If the price surges and then pulls back, consider short positions with a stop loss at the recent high. Strong support levels are at 3472-3490, with a secondary support around 3550.
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Yesterday's Review
4-hour chart: A large bullish candle successfully broke through the trading range. In yesterday's view, I also expressed a short-term bullish outlook.
When the market is within a trading range, you can use the "center of gravity theory" to judge the subsequent trend. For example, when the price hovers above the midline of the range, there is a 70-80% probability of breaking above the upper boundary and experiencing an upward move.
Today's Analysis
Focus on the 3678 level, which is the 4-hour timeframe's bullish and bearish dividing line.
Breakout in the direction of the trend for long positions.
If the price surges and then pulls back, consider short positions with a stop loss at the recent high.
Strong support levels are at 3472-3490, with a secondary support around 3550.