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The market is very explosive, breaking through the downward trend line overnight.
The four-hour triple buy successfully increased volume, indicating a short-term trend reversal.
Subsequently, focus on the bulls; even in the worst case, there is still a chance for a fifteen-minute central pivot to rise from 2258 to 2175, and when it breaks through 2258, a five-minute triple buy will successfully form and trend out.
Therefore, the Chan Theory can be trusted; volume and momentum are the components of the candlestick chart.
Due to time constraints, I can only update once a day, so determining the direction depends on your own thinking; the more you understand, the more you learn!
Currently, the trend is in a consolidation phase.
Immediate participation is not possible, but understanding the trend is like Zhang Fei eating bean sprouts.
Currently, a five-minute central pivot has formed between 2352 and 2377, which can be understood as an upgrade to a one-minute central pivot.
If the current situation breaks below 2352, expect a small retracement, with the most likely formation of a fifteen-minute triple buy or triple sell near 2325 (with an error margin of no more than ten dollars).
If the range consolidates and breaks out first, then focus on the breakout with volume; after stabilizing above 2377, consider chasing the bulls.
Drawing lines on the chart on-site may have some errors, but this is my personal understanding of the Chan Theory.
The original text only teaches you the method, but how to use it effectively depends on your own comprehension.