Yesterday, the large pancake continued to decline, rebounding near a low of around 1033. It peaked around 1053.
Currently, as shown in the chart, it appears to be stabilizing in the short term. The market may again find support near the previous trendline, which is also near the lower bound of the triangular fluctuation. After the 300 spike reversal on the hourly chart yesterday, the upward momentum weakened. At the same time, the length of the MACD green bars has shortened, indicating a weakening of bearish momentum, and there are potential signals of bullish divergence. Bullish momentum is gradually recovering. As long as it remains above 1060 during the day, there will be additional momentum to push towards 109. Therefore, the main strategy for the day is to buy on dips.
1045-1042 and 1036 do
Looking up, if it stabilizes at 10600-1065, we can expect 1088-1090.
