The posture approaches the 3rd wave slope line, will today's bulls and bears inevitably determine the winner?
From a daily perspective, the movements of the 1st and 2nd waves are quite standard, and the upward trend is relatively stable. The slope of the 3rd wave's K-line has significantly increased, especially in the case of breaking through historical highs. The acceleration of the upward trend is evident, with institutions increasing their holdings and the posture showing overheated behavior, putting considerable pressure on the technical indicators.
Currently, the posture's price is in a very awkward position, facing resistance from a double top formation while being pushed by a bullish upward wave. Today's Friday movement will undoubtedly have a profound impact on the medium to long-term pattern.
On the 4-hour chart, the posture's fluctuation range has noticeably narrowed, with the current concerns mainly concentrated in the 4400-4700 range. The trading volume has significantly decreased compared to the previous period, making it difficult for both sides to break the deadlock in the short term.
Future direction may be guided by some news; we will wait and see.
For the medium to long term, pay attention to the 4350 support and the 4700 pressure level.
From a daily perspective, the movements of the 1st and 2nd waves are quite standard, and the upward trend is relatively stable. The slope of the 3rd wave's K-line has significantly increased, especially in the case of breaking through historical highs. The acceleration of the upward trend is evident, with institutions increasing their holdings and the posture showing overheated behavior, putting considerable pressure on the technical indicators.
Currently, the posture's price is in a very awkward position, facing resistance from a double top formation while being pushed by a bullish upward wave. Today's Friday movement will undoubtedly have a profound impact on the medium to long-term pattern.
On the 4-hour chart, the posture's fluctuation range has noticeably narrowed, with the current concerns mainly concentrated in the 4400-4700 range. The trading volume has significantly decreased compared to the previous period, making it difficult for both sides to break the deadlock in the short term.
Future direction may be guided by some news; we will wait and see.
For the medium to long term, pay attention to the 4350 support and the 4700 pressure level.