Evening Thoughts on 8/4:
The white pancake is in a typical range oscillation pattern, and the technical indicators have not provided a clear directional signal. The technical analysis shows that the price is above the short-term moving averages but below the long-term moving averages, the moving average system is tangled, momentum is weakening, and the transaction volume has drastically decreased, further confirming the market's wait-and-see attitude. However, the buildup for the evening has been completed, and we can short at high levels.
Operation Suggestions:
115000-114500🈳, Target 113200-112200, Stop Loss 115200
Secondary Pancake: 3580-3560🈳, Target 3450-3350, Stop Loss 3600
(Hangqing is ever-changing, for reference only!)
