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I believe friends who heard Lao Guan's live broadcast yesterday should have also seen that the so-called market does not require us to add more subjective expectations, but to follow the objective fluctuations of the market. We cannot be prophets, we can only be followers of market trends.
On the premise of significant upward fluctuations in the market yesterday, we timely poured a bucket of cold water on everyone. Our goal is simple, on the premise that the succession to the current daily chart level has not been broken, all bullish views are easily achievable at the ceiling. Indeed, some friends may have low to high trades, but the situation today is still not optimistic as the low to high trades did not exit smoothly yesterday.
Returning to the title, today we used resistance levels on wheat to define the volatility resistance and oscillation range of the market. We also provided a clear idea that the current market is operating within this oscillation range. It is difficult to change direction. It needs to be emphasized that we are not only targeting the rise of the market, but also the relative decline of the market. This means that the market has entered a region dominated by volatility, so any direction judgment I think is relatively aggressive.
As an ether, we have also mentioned the possibility of a retracement to confirm support and seek upward momentum. At this stage, it can be said that it meets our expectations. Tonight's live broadcast, we will continue to provide clear trading reference points for the current fluctuations in the market, and we will also do what was not completed yesterday today, that is, share with everyone how to find the resistance level of the old level.
As the May Day holiday approaches, the market is also becoming calm and peaceful, and everyone may arrange for travel and leisure during the holiday. My principle is simple. If you can completely let go, then enjoy life with your heart. If you can't let go of the contract market, then you must find a balance.
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Disclaimer: The above content only represents the author's personal opinion and is for communication and sharing purposes only. It does not represent the position or viewpoint of AiCoin and does not constitute any investment advice. Based on this investment, there may be external contacts, which have nothing to do with AiCoin, and the consequences shall be borne by oneself.
