Today's pump was within expectations, as the U.S. government is in a shutdown. Unfavourable Information, although the Fed has a high expectation of interest rate cuts in October, the government shutdown will prevent execution. The rise is a bull trap.
The daily chart has also reached a pressure position. The so-called pressure level means shorting; even if it's a mistake, one must do it. There was no volume at the bottom, yet it pumped up by 7 points. The chart is very clear; there is no pump, and no one dares to go long. Therefore, despite the unfavourable information, it still pumps. Combining the above viewpoints, this is a bull trap. The overall direction is definitely upward, but I tell all the longs, none of you will win. It'll make you doubt your life.
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Today's pump was within expectations, as the U.S. government is in a shutdown. Unfavourable Information, although the Fed has a high expectation of interest rate cuts in October, the government shutdown will prevent execution. The rise is a bull trap.
The daily chart has also reached a pressure position. The so-called pressure level means shorting; even if it's a mistake, one must do it. There was no volume at the bottom, yet it pumped up by 7 points.
The chart is very clear; there is no pump, and no one dares to go long. Therefore, despite the unfavourable information, it still pumps.
Combining the above viewpoints, this is a bull trap.
The overall direction is definitely upward, but I tell all the longs, none of you will win. It'll make you doubt your life.