Technical Analysis 2025-08-16
Weekly Level: 【Mainly Short】
Pullback in the uptrend, 6 waves, support at 100000;
// If it hasn't broken 127000, maintain bearish view and wait for a pullback.
Daily Level: 【Mainly Short】
Oscillating divergence, mainly short;
// Upper resistance at 124000, 127000, lower support at 112000
Intraday Level: 【Long at Low, Short at High】
Upward shift to oscillation, short at resistance, long at support;
// Upper resistance at 124000, lower support at 116000, 112700;
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Weekly Level: 【Wait and See】
Upward trend has reached previous high, not advisable to chase the rise, resistance pullback;
// Previous high resistance around 4780
Daily Level: 【Mainly Short】
Upward trend unchanged, top divergence, market exuberance waning, not advisable to chase the rise, may shift to oscillation;
// Can lightly position for short entry.
Intraday Level: 【Long at Low, Short at High】
Upward trend pullback or shift to oscillation, mainly long at low, light short;
// Upper resistance at 4655, 4780, lower support at 4380, 4180;
