
TeslaTechnically speaking, this is the steepest daily K-line slope in recent years, making it very difficult to call the top. I certainly don't have that ability.
Precisely because of this extreme market condition, it's obviously quite impossible to fully capture the entire move from 6310 to 7050.
I checked a few online influencer accounts, and they're all very dramatic because they're all Monday-morning quarterbacks. They were infinitely bearish and shorting U.S. stocks during the March crash, but when the reversal came in April, they couldn't even change their lines. All they could do was go back and delete their posts. They can't suddenly become infinitely bullish and tout a bull market, can they? It's like advising divorce last month and reconciliation this month... treating people like children.
For example, a certain 'uncle' said not to buy when the rebound started from 6310, calling it a small bounce that would soon fall back, even as the broader market rallied for over ten consecutive days. Then, as it kept rising, he fell silent. When asked, he'd say, 'I already talked about the turtle law, you need to hold for years, you shouldn't have sold in March...' Seems he wasn't wrong either.
If there's a continuous strong rally, once the short squeeze on the long side is complete, it's easy for longs to turn into shorts, leading to a drop with several bearish candles on a certain day, at least filling the gap at 6905. This is a scientific and realistic view.
Therefore, if you really want to get on board, no matter how long you wait, you will definitely have a chance to buy at 6900.
But if it really drops to 6900, you probably won't dare to buy.
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