Evening Analysis on August 21
Actions
First Item: At 114500, target around 112000-111000
Second Item: At 4320-4350, target around 4250-4150
Recently in a range-bound position, yesterday formed a long upper shadow, indicating strong selling pressure above. Today's close is a bearish candle, continuing the adjustment trend.
Hourly Level: Continuous retests, with certain support around 4260, but overall still in a downward channel.
MACD: The fast and slow lines on the hourly chart are crossing downward, with the bearish bars continuing to expand, short-term trend favors the downside; Daily chart momentum ↓, possibly turning into a dead cross.
