Double long wick candles probing the top, the second test begins! Good morning, brothers. Last Friday and Sunday, we had two consecutive shooting star candles, currently reported at 87000/3800. With China tightening regulation, and Thanksgiving coinciding with the weekend, the overall market is relatively weak, and the shrinking of transactions combined with poor closing is quite normal for a pullback. This week is the first week of December and also the US Non-farm Payrolls (NFP) week, so pay close attention to the subsequent data release situation. Day trading counter-trend short.
88000-8500 short, add short near 90000, watch 87000, if strong look at 84000 Short near 2900, add short near 2950, target 2710, if strong look for 2650.
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Double long wick candles probing the top, the second test begins! Good morning, brothers. Last Friday and Sunday, we had two consecutive shooting star candles, currently reported at 87000/3800. With China tightening regulation, and Thanksgiving coinciding with the weekend, the overall market is relatively weak, and the shrinking of transactions combined with poor closing is quite normal for a pullback. This week is the first week of December and also the US Non-farm Payrolls (NFP) week, so pay close attention to the subsequent data release situation. Day trading counter-trend short.
88000-8500 short, add short near 90000, watch 87000, if strong look at 84000
Short near 2900, add short near 2950, target 2710, if strong look for 2650.