This week, the market is expected to reach a temporary high around Friday, issuing a risk warning! [Taogu Ba]
It is recommended that family members prepare for proactive profit-taking and risk control during pullbacks!
Introduction:
This article aims to achieve three points:
First, to present facts; the news, data, and charts in the article are all publicly available and verifiable;
Second, to use simple reasoning with clear logic, so both veteran and new investors can understand at a glance;
Third, to combine knowledge and action—share short-term trading techniques, execute them diligently, then review and improve continuously.
Technical Analysis:
The 60-minute market index shows divergence with KD and MACD indicators: see the chart below
The market has tested the bottom three times on the 60-minute timeframe, with each bottom leaving a lower shadow on the daily chart, indicating a strong desire for further decline and correction: see the chart below
Today, the index failed to break through the resistance level at 4156 points with increased volume. If it falls below the support at 4125 points in the afternoon, a double top pattern will form on the intraday chart: see the chart below
Conclusion:
Before Friday, the market needs to break through the resistance at 4156 points with volume to resolve the divergence and aim higher;
Before Friday, if the index effectively falls below the support at 4125 points, a double top will form on the intraday chart, indicating a certain risk of significant decline. Family members are advised to prepare for proactive profit-taking and risk management during pullbacks!
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There is a phase high around this Friday, issuing a risk alert!
This week, the market is expected to reach a temporary high around Friday, issuing a risk warning! [Taogu Ba]
It is recommended that family members prepare for proactive profit-taking and risk control during pullbacks!
This article aims to achieve three points:
First, to present facts; the news, data, and charts in the article are all publicly available and verifiable;
Second, to use simple reasoning with clear logic, so both veteran and new investors can understand at a glance;
Third, to combine knowledge and action—share short-term trading techniques, execute them diligently, then review and improve continuously.
Technical Analysis:
The 60-minute market index shows divergence with KD and MACD indicators: see the chart below
Conclusion:
Before Friday, the market needs to break through the resistance at 4156 points with volume to resolve the divergence and aim higher;
Before Friday, if the index effectively falls below the support at 4125 points, a double top will form on the intraday chart, indicating a certain risk of significant decline. Family members are advised to prepare for proactive profit-taking and risk management during pullbacks!