7.20 Midday Analysis
The large pancake faced a counter trend during the daytime on Saturday, with the highest spike testing the pressure at the 118500 line. Overall, the lows are showing an upward trend, and there are signs that the highs may continue to test upward.
In particular, the performance of the small pancake has been outstanding recently, not only significantly driving the rhythm but also quickly recovering previous fluctuations. There is currently no signal of a peak in the short term, and it may soon spike to the 3800-4000 range. However, the current market situation is quite volatile, so if you want to operate, it is recommended to follow the trend principle, enter with a light position, and handle short-term operations carefully while constantly monitoring the market direction! Set your stop-losses properly and do not resist the trend.
Recommendations
Large Pancake: Watch around 117500-117000, looking at 118200-118800
Small Pancake: Watch around 3630-3610, looking at 3680-3720, continue to look upward if it breaks through.
