8.19, Evening Market Technical Analysis!

From a technical structure perspective, the direction of KDJ and MACD is inclined towards a volatile downward movement, and BOLL is similarly behaving, but its overall bands have narrowed, which is also the reason for the short-term price fluctuations; in the main chart, the MA5 and MA10 daily moving averages are under pressure from a downward trend, while the MA30 daily moving average is still showing a phase of decline, indicating that there are conflicting short-term indicators. However, if the price drops below the support of the MA30 daily moving average under the pressure of the MA5 daily moving average, the low point will need to be repaired, and the weekly trend appears to be continuing overall.

At the daily level, the running channel is in a state of narrowing, with prices consolidating at high levels, breaking through highs, facing resistance, and correcting. The bearish volume is forming a second entity of expansion, while the moving averages are converging and turning downwards, indicating that the upward trend has encountered significant resistance, and the correction is now irreversible.

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