Evening Analysis on August 13
Reviewing the afternoon, the large pancake broke through the oscillation framework after a phase of consolidation, gradually moving upwards to the 120500 level, showing a relatively strong operational rhythm throughout the day.
From the hourly Bollinger Bands perspective, a clear opening expansion pattern is presented, with all three lines turning upwards simultaneously, indicating that the short-term volatility range is expanding, and the upward trend structure is further solidified.
The opening of the bands is directed upwards and all three lines are resonating upwards, implying that the current market sentiment is dominated by the bulls, increasing the probability that the price will operate near the upward trend line.
Therefore,
The large pancake can be targeted in the range of 120000-119200,
with a target of around 121000-122000.
The second pancake can be targeted in the range of 4650-4610,
with a target of around 4780-4880.
