7.19 Morning Analysis
From the 4-hour level trend, the current trading range shows a clear convergence pattern, with the upper and lower bands continuously narrowing, and the trading interval gradually compressing. It can be observed that the amplitude of fluctuations is gradually narrowing, and the volume in the suburban areas is also showing a shrinking trend. The upper and lower bands of the Bollinger Bands indicator are approaching the middle band, and the distance between the three band lines is continuously decreasing, especially as we enter the weekend period, market trading sentiment is becoming subdued, the participation of major players is decreasing, making it suitable for short-term operations, with high selling and low buying.
Big Cake: Around 118100-118600, target around 117100-116500
Second Cake: Around 3560-3580, target around 3500-3470
