The weekend market has declined, and everyone will consider the oscillating downward trend under the pressure of the middle track of the daily Bollinger Bands. However, there are several points to note about this wave of market:
First: The daily KDJ and MACD both have golden crosses, and the long and short trading volumes are decreasing. If today's bearish short candle closes, there is a high probability that it will follow the oscillating upward trend of March 10, with the entire market moving upward.
Second: The lower track of the weekly Bollinger Bands has already formed a support, and breaking the lower track is unlikely given the current situation.
Third: Looking at the 6-hour chart, the right bar of the chart is at 80,000 points. Based on the KDJ touching the bottom during the downward trend, we can see that the market has a wave of rising followed by a small pullback, releasing the KDJ from touching the top to touching the bottom. The second point is that during the MACD's bottom divergence, it is moving upwards, although each time the fast line DIF has a crease accompanied by the market's return, the trend is upward, currently at the breaking zero point. Another short bar of long and short positions appears after a large bullish bar, and this type of bottom shrinking in volume tends to be bullish. The MA60 has changed from being under pressure to being flat, while the MA20 has moved from downward to upward, with a significant gap between MA60 and MA20. Combined, it looks bullish.
Overall, with the combination of 6-hour, daily, and weekly indicators, I personally see the probability of an upward movement being greater than that of a downward movement.
