Evening Analysis on 8.17
Looking back at the afternoon, the big pie oscillated and climbed from the 117600 line, reaching around 118500 before entering a narrow consolidation phase, overall maintaining a relatively strong rhythm for the day, with limited retracement, indicating that the short-term buying support is still acceptable.
From the hourly Bollinger Bands perspective, the middle band and upper band slope continue to rise, with the middle band acting as a support area. Its upward trend indicates that the current market is operating within a short-term upward channel, with solid support below; the upper band is also tilted upward, reflecting that the buying momentum is still continuing, and the market's energy to expand upward has not diminished.
Therefore
The big pie can oscillate in the range of 117700-117200.
The target can be seen in the range of 118700-119500.
The second pie can oscillate in the range of 4500-4460.
The target can be seen in the range of 4590-4670.
