Happy Monday, the final countdown of May. Have you accomplished what you wanted? Last Friday, the market experienced a significant drop, with prices diving down to the 74 level. Then over the weekend, the market bottomed out and rebounded, showing that the bulls are still very strong. Otherwise, it wouldn't have bounced back so easily.

On the four-hour chart, the Bollinger Bands are opening downwards. After testing the lower band, the price has rebounded up, and it is currently maintaining its position in the upper-middle band range. In the short term, the middle band serves as support. With the direction confirmed, we just need to wait for the pullback point to enter the market.

Last night, I updated the position around 76300 to buy on the dip, just rebounding to around 77500. The bullish space has already gained a thousand points, so it's time to exit. Then wait for the price to continue pulling back to around 76500 and look for a buying opportunity, targeting around 78500.

Follow the public account, what can resolve worries is only Jiang Wei. An analysis blogger full of emotional value, sharing trading education for free, bringing stable strength and clear guidance in the restless trading market, traversing three rounds of bull and bear markets and years of practical trading experience. Proficient in naked K, trends, Dow theory, Gann, harmonics, Chande, wave theory, and other technical analyses, gathering unique insights.

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