8.19 Zhiming Evening Analysis and Suggestions


From a technical perspective, on the four-hour level, the price has been gradually declining after a surge. Although it hasn't strongly turned bearish, it is gradually testing lower points. Currently, there is a certain demand for constriction in the formation, and it hasn't reached a strong bearish state. The short cycle continues with a step-by-step reversal, making it unwise to chase into either the long or short positions.
On the hourly level, the operating channel has formed a flat state, with prices trending downwards. After testing the lows, a gradual oscillation recovery has occurred, with a noticeable effect of switching between long and short positions. Although the overall trend is a rise followed by a pullback, the impact on short-term oscillations is quite strong, making it difficult to form a one-sided continuation. Despite the oscillation trend moving downward, there is still a testing of the lows.
Zhiming suggests
The pancake is around 115800-116300, looking at the range near 115000-114000.
The posture is around 4330-4380, looking at around 4270-4220.
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