4.11 Pancake Afternoon Analysis

The fifteen-minute moving averages formed a golden cross upwards, crossing the upper band and approaching around 808 📈, but the momentum weakened and returned within the upper band. The five-minute short-term moving averages are close to the middle band, and the Bollinger Bands are narrowing, indicating a smaller range of fluctuations, with the upper band direction skewed upwards. The afternoon trend may tend to flatten out, gradually showing signs of weakness, as we wait for the turning signal to start looking at the market. On the four-hour level, the trend is near the middle band, and the moving averages are starting to weaken, so we need to see if the trading volume increases.

The afternoon trend will first oscillate upwards for a while, then follow the four-hour trend 📉. We still mainly look at the market around 805-810, with the target unchanged at 79000-80000.

​For the second pancake around 1550-1580, the target is 1500, and further down, we look at 1400.