Many bloggers like to predict market trends but do not analyze. In fact, Chan theory can be used without prediction by classifying high-probability setups and comparing them to determine possible market movements. The high-volume reversal at 2148 on the daily chart's upper band, with no break of the mid-range, caused a pullback into the consolidation zone. However, after the second oscillation peak at 2082, the consolidation range shifted downward, thus forming a trend, making 2033 very difficult to support. Previously, the resistance zone between 1974-1985 formed a strong support, which can be compared to bearish momentum. Before dropping to 2020, this segment was significant.
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Many bloggers like to predict market trends but do not analyze. In fact, Chan theory can be used without prediction by classifying high-probability setups and comparing them to determine possible market movements. The high-volume reversal at 2148 on the daily chart's upper band, with no break of the mid-range, caused a pullback into the consolidation zone. However, after the second oscillation peak at 2082, the consolidation range shifted downward, thus forming a trend, making 2033 very difficult to support. Previously, the resistance zone between 1974-1985 formed a strong support, which can be compared to bearish momentum. Before dropping to 2020, this segment was significant.