7.10 Zhiming Afternoon Analysis and Suggestions
The large pancake has directly broken through a new high, with the triangle pattern choosing to break upwards. This trend is clearly influenced by the news in the early morning, pushing the price to create a new high.
Looking at the four-hour level, after a significant upward surge, two bearish candles have appeared as a pullback, and the price has fallen below the upper Bollinger Band. The KDJ indicator's three lines are turning downwards from a high position and gradually converging, with a death cross pattern emerging, indicating that overall market sentiment is shifting from strong to weak. Looking at the one-hour level, after the price has retreated below the upper Bollinger Band, it is showing an alternating pattern of small bearish and bullish candles. Although the MACD indicator's fast and slow lines are still operating above the 0 axis, the KDJ indicator's three lines have formed a death cross and are diverging downwards, indicating that the overall trend has entered a technical correction phase. In the midday operation, Zhiming suggests focusing on a high short strategy.
Zhiming's Suggestions
Large pancake around 111500-112000, watch around 110500-110000
Yitai around 2780-2800, watch around 2740-2720
