Don't Even Think About Buying the Dip, Continuous Washout in Progress, More Shaking Still to Come
Short-term Chart Signals
• Price Level: Currently around 2063, steadily holding above the EMA5/10/30/60 moving averages, short-term bullish trend is fully charged
• Bollinger Bands: Price hugging the upper band, strong recovery signal obvious, giving the market battered by the decline a chance to catch its breath
• MACD: DIF crossing above DEA, red columns continuously expanding, golden cross confirmed, bullish momentum is releasing
• KDJ/RSI: Indicators lean bullish but not yet at extreme overbou
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