This rally is interesting. The seven consecutive small bullish candles have been pushing the market higher, and today’s continuation of the bullish trend fully aligns with expectations.
So the question is—can it continue to rise tomorrow? This is what everyone is asking.
Honestly, it’s more reasonable to see the index reach around 4034 points at least. But tomorrow is unlikely to be smooth sailing; it should be a key consolidation phase within the upward rhythm. My judgment is that it will surge and then pull back, ultimately closing with a doji that has a long upper shadow, or even a classic doji pattern.
Why do I think so? The reasons are quite straightforward:
First, after several days of continuous gains, short-term profit-taking desire is definitely strong. The selling pressure around 3960 points needs to be cleared, which is normal market behavior.
Second, not only are there short-term profit-taking orders near 3960 points, but there are also quite a few trapped positions from earlier. These trapped bulls have long wanted to exit, and institutions will definitely want to use this opportunity to shake them out.
Third—this is very important—whether tomorrow’s movement is mild consolidation or a surge followed by a pullback, don’t get shaken out. Be conservative and hold until around 4034 points.
So the expectation is like this: tomorrow will likely see a shakeout through consolidation or a rise followed by a pullback, ending with a small doji or a doji with a long upper shadow. After surpassing this hurdle tomorrow, the market should continue to push higher next week.
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FloorSweeper
· 9h ago
ngl the doji play is textbook, but watch the paper hands panic-sell into that 3960 resistance lol
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AirdropHunterZhang
· 9h ago
Ha, it's both a shakeout and a doji star again. How many times have I heard this routine... But this wave is indeed interesting. I agree with the 7 consecutive bullish days pushing the price higher. If it really surges tomorrow and then pulls back, I'll keep trading. Anyway, see you at 4034.
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GweiWatcher
· 9h ago
Damn, it's both a doji and a shakeout again. Feels like this is always the same story
The Matrix vibe, tomorrow we'll probably get whipped again
What kind of place is 4034? Can it really reach there?
I'm just worried that a shakeout will turn into a plunge, and no one will be crying then
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ThreeHornBlasts
· 9h ago
The star-shaped correction is very normal; just get through tomorrow.
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MEVHunterNoLoss
· 9h ago
A rise and fall shakeout—how many times has this routine been played? It's again testing our patience.
This rally is interesting. The seven consecutive small bullish candles have been pushing the market higher, and today’s continuation of the bullish trend fully aligns with expectations.
So the question is—can it continue to rise tomorrow? This is what everyone is asking.
Honestly, it’s more reasonable to see the index reach around 4034 points at least. But tomorrow is unlikely to be smooth sailing; it should be a key consolidation phase within the upward rhythm. My judgment is that it will surge and then pull back, ultimately closing with a doji that has a long upper shadow, or even a classic doji pattern.
Why do I think so? The reasons are quite straightforward:
First, after several days of continuous gains, short-term profit-taking desire is definitely strong. The selling pressure around 3960 points needs to be cleared, which is normal market behavior.
Second, not only are there short-term profit-taking orders near 3960 points, but there are also quite a few trapped positions from earlier. These trapped bulls have long wanted to exit, and institutions will definitely want to use this opportunity to shake them out.
Third—this is very important—whether tomorrow’s movement is mild consolidation or a surge followed by a pullback, don’t get shaken out. Be conservative and hold until around 4034 points.
So the expectation is like this: tomorrow will likely see a shakeout through consolidation or a rise followed by a pullback, ending with a small doji or a doji with a long upper shadow. After surpassing this hurdle tomorrow, the market should continue to push higher next week.