on 11.16 "Cotton - What is the status of on daily line? 》 has already discouraged the possible rise, and it is clear that goes long for is a high risk behavior. Today we will look at the possible direction and rhythm of the future market.
is still an old topic. We are not predicting the market, but seeking fluctuations that match our system logic and then grasping it!
weekly line, after strong demand first fell and then rose on the week of 11.4, it closed significantly in the past two weeks with a shrinking volume of . The small positive line of entity shrinks, indicating that the demand interest decreases significantly as the price rises. What is currently relatively certain about weekly line is that the 11.4 low point 12255 has a short-term support effect. The weekly high point 13940 on the 10.14th day above is an important resistance point, and the remaining signals are currently unknown.
So from the weekly perspective, if you believe that demand has started to be insufficient since the low level, then as long as there is no supply next week (demand must be maintained above the weekly low point of 11.11), the upward trend will still exist. This prediction conclusion may require finding clues from the daily line.
daily line was mentioned in the previous article, which was that the three-day decline from the high point of 13365 has an absorption effect (not very obvious). The most powerful evidence to prove that this absorption is the shortage of the subsequent demand (it still requires a very proficient understanding of the insufficient demand knowledge points).
Then the rebound from the low on the 11.9th day to 13450 did see a continued decline in transactions, and it also showed a slash of demand. All of this is a manifestation of strong outside and hard work in the middle. What about the future market of
? If you observe the position characteristics of 13450, it coincides with the daily downward pressure line and the 10.24 high point resistance. Adding the above volume and price analysis, you will be half assured. The specific operation signal is that the next trading day will see high-quality supply and then fall back and look towards the 12900-820 area.
As for the next trend of the daily line, after the above expectations are realized, let’s talk about it (daily level trading, swing trading, there is no need to track it too closely)
Note: Insufficient demand must be used in combination with background, and local knowledge points must be combined with absorbed knowledge points to be effectively observed and used.
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-