Friday Morning Thoughts
Overall market is under pressure from above, and the trend is gradually declining. From the daily candlestick perspective, the large pie has increased in volume, closing with an upper shadow bearish candle. Watch for resistance around 108500-109500 above, secondary resistance around 110500, and support around 105800 below, with secondary support around 101500. From the four-hour structure, the large pie has turned into a head-and-shoulders pattern, with support around 104500 below. From the one-hour structure, the head-and-shoulders pattern shows increased volume, with resistance around 107300-107800 above.
The large pie rebound is around 107500-107900, looking to drop to 106300-105500 below.
The aunt's rebound is around 2445-2470, looking to drop to 2380-2355 below.
Overall market is under pressure from above, and the trend is gradually declining. From the daily candlestick perspective, the large pie has increased in volume, closing with an upper shadow bearish candle. Watch for resistance around 108500-109500 above, secondary resistance around 110500, and support around 105800 below, with secondary support around 101500. From the four-hour structure, the large pie has turned into a head-and-shoulders pattern, with support around 104500 below. From the one-hour structure, the head-and-shoulders pattern shows increased volume, with resistance around 107300-107800 above.
The large pie rebound is around 107500-107900, looking to drop to 106300-105500 below.
The aunt's rebound is around 2445-2470, looking to drop to 2380-2355 below.
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