Ai Yu 7.14 Morning Silk Road:
After the big pancake rose to this new high of 119655, the momentum to push upwards has clearly weakened, and it seems a bit 📈 stagnant.
This new high position coincidentally hits a strong resistance zone at the weekly level, making it difficult to move up further. The market has also shown a 'dark cloud cover' pattern, which usually indicates that the trend may reverse.
If it breaks through 120k, then follow the trend; if it can't hold the 118000 mark, then the potential for a drop 📉 may open up. First, look at the target of 117200, and if it drops further 📉, then look at 115000.
Near 119300-119800, the initial target is to look at around 117200.
