Pay attention to the candlestick chart on 10/2.
Today, the 2nd continues to be within the WMA Fibonacci band, but it's not great to have the same chart for 3 consecutive days, so let's look at the scenario for SQ.
First, regarding the WMA Fibonacci band, it is a range within 38750 above and 37520 below, so the question is which way it will break out. Let's observe with an opposite position at the upper and lower limits. Then, once it breaks out, go all-in with an LC order.
The Middle East risk is increasing, and even though there was hope for the pink line, it is fading into a light blue line. As the risk of light blue or blue increases, be cautious about the downside. Once this Middle East risk settles down, there is still plenty of potential for the pink line, especially since overseas players are trading CALLs.
First, regarding the WMA Fibonacci band, it is a range within 38750 above and 37520 below, so the question is which way it will break out. Let's observe with an opposite position at the upper and lower limits. Then, once it breaks out, go all-in with an LC order.
The Middle East risk is increasing, and even though there was hope for the pink line, it is fading into a light blue line. As the risk of light blue or blue increases, be cautious about the downside. Once this Middle East risk settles down, there is still plenty of potential for the pink line, especially since overseas players are trading CALLs.
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