8.22 Afternoon Pancake:
The signal is clear at the hourly level, the upper band of the Bollinger Bands has definitely become a short-term strong resistance. The candlestick has directly pulled out an upper shadow, which is a typical stagnation, indicating that the bullish force is slightly insufficient.
Secondly, the upper band is still turning downwards, and the opening of the Bollinger Bands also suggests that the bears are gaining strength: first narrowing, and now it looks like it's about to diverge downwards, which is a signal for bears to intensify.
Additionally, during this rebound, the trading volume hasn't kept up, and it has not expanded, indicating that the bulls are not strong enough to take over, making the support a bit weak.
Short near 113200～113550, target focusing on 111380
