8.4 Evening Pancake Analysis
The pancake is still operating in a downward price channel, with the 4-hour chart structure unbroken. It encountered resistance again near the middle track, and the rebound momentum appears weak. The short-term direction still leans towards a fluctuating decline.
From the market rhythm perspective, although there was some rebound during the day, the overall trend has not deviated from the downward rhythm, and the channel pressure remains effective. The current position is neither a strong support nor a breakout point, making it more suitable for observation and short-term speculation. Also, the U.S. stock market has been significantly affected recently, and the evening trend of the U.S. stock market may determine the subsequent trend of the overall market. Lao Mo suggests keeping a vacant position and waiting for the opening situation at 9:30.
Operational Suggestion:
If there is no effective breakthrough at 115000 in the evening, focus on short selling, with support levels to watch being 113300 and 112000. If it stabilizes and does not break, continue to look north towards 115000.
