A new week, new opportunities, new challenges begin! From the 4-hour level, continuous bearish candlesticks are probing downward, declining from 68814 to 67959, with a clear short-term downtrend channel. The key support at 67300 (previous low) has been tested, current rebounds lack volume and have not formed a reversal pattern, only technical retracement.
On the daily chart, the large bearish candlestick on March 19 established a top formation, with bullish momentum unable to touch the 71077 high over the following three days, showing a lower high pullback, with upward momentum clearly exhausted.
Overall weekly chart shows bearish divergence at top, daily chart top formation, 4-hour downtrend channel + low-volume rebound, all moving averages broken, center of gravity continuously declining, trend is weak. Bears can wait for rebounds to resistance levels and continue waiting for high short positioning.
Operation Suggestions Big Pie: Layout shorts in the 685-692 range, targets focus on 675-660-650
The above is a personal view for reference only, specific trading operations are subject to Stone Plate
Monday Jingyi Operation Analysis
A new week, new opportunities, new challenges begin! From the 4-hour level, continuous bearish candlesticks are probing downward, declining from 68814 to 67959, with a clear short-term downtrend channel. The key support at 67300 (previous low) has been tested, current rebounds lack volume and have not formed a reversal pattern, only technical retracement.
On the daily chart, the large bearish candlestick on March 19 established a top formation, with bullish momentum unable to touch the 71077 high over the following three days, showing a lower high pullback, with upward momentum clearly exhausted.
Overall weekly chart shows bearish divergence at top, daily chart top formation, 4-hour downtrend channel + low-volume rebound, all moving averages broken, center of gravity continuously declining, trend is weak. Bears can wait for rebounds to resistance levels and continue waiting for high short positioning.
Operation Suggestions
Big Pie: Layout shorts in the 685-692 range, targets focus on 675-660-650
The above is a personal view for reference only, specific trading operations are subject to Stone Plate
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