Ergouzi tests the bottom for the second time, how to break the deadlock when long positions are trapped?
Ergouzi is currently at 2960. At 2:30 AM, the market once again staged a "trap for the bulls" play. After yesterday’s drop from 3100 and taking profits at 2900, the main force pushed the price up to 3050 to lure more longs, then quickly retreated, trapping many long positions. The bottom divergence in the market combined with extreme oversold conditions suggests a high probability of a second test of the 2850 level, consistent with the "second child" behavior.
On the daily chart, the EMA in
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