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Grace: The Golden Minute Chart Constructs a W-Bottom Pattern, Target Points to 5120–5130
This morning during early trading hours, I provided a buy zone of 5020-5030, and as a result, 5050 successfully held, causing no entry at the first opportunity. However, in the subsequent real-time market movements, I provided another entry zone and captured nearly 60 points of space from "5070-5125".
Looking at the current market, the minute chart is currently constructing a W-shaped bottom pattern. If successfully formed, it is expected to rise near the W-shaped neckline, around 5120-5130. This can be viewed as the recent take-profit level.
Operation Suggestions:
Around 5060-5070, look upward to 5120-5130 nearby. If broken through, look toward 5150. If that level is broken through, continue holding.
Reminder:
The above analysis is Grace's personal analysis and does not constitute any investment advice. The market changes rapidly; everything is subject to Grace's actual trading!