The large pancake is clearly lacking momentum, but it formed a long lower shadow below yesterday, indicating some buying support.
Although the recent hourly candlesticks have shown a high-level pullback, they are still within a short-term oscillation range overall. However, it is worth noting that the MACD is currently showing a death cross pointing downwards, and there are signs of a double top forming above, indicating that short-term selling pressure is dominant!
Therefore, on Wednesday, you should still lean towards a rebound between 109200 and 110000 to continue the selling layout, while the key levels to watch below are 107400, 106500, and 104600!
