Evening Analysis on July 18
Reviewing the afternoon Hangzhou situation, the pancake started adjusting from the 121000 line, ↓ to around 118400 before entering a horizontal consolidation phase, with the short-term fluctuation range gradually narrowing.
From the hourly Bollinger bands perspective, the three lines are currently flattening, which intuitively reflects that the short-term market is entering a consolidation pattern, with both sides locked in a stalemate. It is worth noting that it is gradually approaching the lower band, and if it can stabilize effectively near the lower band, it may become a short-term reversal ↑ signal.
Pancake
Pancake: fluctuating around 118400-117500, target near 119800-121000
Second pancake: fluctuating around the 3580-3560 range, target near 3730-3750
