Yesterday** presented a scene of low opening and rushing high, but quickly falling sharply. After falling to 2782 points at one point, the market tried to pull up at about half past ten in the afternoon, and it seemed expected to turn red, but it ended in failure, and continued to form a retaliatory ** trend.
* Failure to do so indicates a serious lack of confidence on the part of the parties, or even no confidence at all, to attack head-on. Yesterday afternoon, the market continued to fall again, and the weighted sectors continued to smash, and the trend of large outflows caused most over-the-counter funds to wait and see and suspend their entry.
In this situation, don't talk about expectations, and don't even listen to those who call themselves great gods boasting about the bull market every day. If the market is really active, it is not by manipulating some fake indices every day, but by allowing investors to make real profits. The establishment of market confidence requires the joint support of the market and national policies, rather than some meaningless positive slogans.
Three days have passed this week, and each day has shown nearly 5,000 ***, and this is a big drop in the absence of obvious bearishness.
This kind of market situation is difficult to deal with, and it is really reminiscent of the saying: "I treat you like my first love, but you abuse me a thousand times". This may be the true portrayal of the current **.
*There is currently a double bottom pattern, but what is the significance of this pattern? This double bottom pattern has already been showing up for a long time, and now it's February.
Is it a bit outdated to talk about double bottoms at this point in time? Personally, I'm not confident about that. Unless the market really stabilizes and the trend returns to normal, I will not consider re-engagement. At the moment, I'm just doing a few **trades** at most, low**, and selling immediately when the price goes up.
Yesterday, the number of ** companies that fell by more than 3% reached 3,878, of which the decline was 9More than 9% of the ** is as many as 190. In the face of such a situation, why bother?
Last Thursday rose for four consecutive days, but did the increase in these four days add up more than today's one-day decline? This proves the old saying, when it rises, it is often an illusory short-term rise, and when it falls, it is a real big fall.
In general, yesterday continued to appear an upper shadow black candlestick, which is almost exactly the same as the line pattern of the previous two days, which is a signal of **, and it is already quite unusual for almost the same line to appear for three consecutive days.
Yesterday's sharp increase in volume** made it difficult for the market to turn around, and investors chose to withdraw. Especially at around 14:50 at the end of the session, the market obviously began to shrink sharply, which may lead to the opening of today's market to continue to open lower, forming a trend of shrinkage.
On the daily chart, it is unlikely to fall quickly to 2724 today, and it is more likely to rise around 2750. In this case, dip hunting may be a good option. The market has shown almost the same line shape for three consecutive days, and today is expected to form up and down, providing an opportunity to make a trade.