From the chart, it can be seen that the 30-minute EMA double track support is in place. Additionally, after the large bullish candlestick, a very short bearish candlestick appeared, indicating that the bearish energy is insufficient. So, is there a greater opportunity for bullish energy candlesticks to emerge later? At that time, there were only 6 minutes left until 2 o'clock. The hourly, 30-minute, and 15-minute candlestick charts will start anew. Let's look at the changes in indicators for the other two time periods.
Analysis: At this position, 107200 is not stable, and the market needs to return above 107400. Therefore, as long as the peak of the two bottom candlesticks at 107500 is broken, the market will rise.
Currently, it is stuck between 107200 and 107500.
For those who can stay up late, keep an eye on the market. After all, the hourly KDJ has hit the bottom, and the MACD has a dead cross above zero. The volume is in a combination of long and short bearish candlesticks, and the market is supported by MA60. The 4-hour Bollinger Bands have the middle track MA20 supporting it. The support is very strong. If it breaks above 107500, I currently see that 107300 is also acceptable!
Alright, I need to sleep now, good night! Alarm set for 6 AM to take a look!