8.28 Two-Bing Channel Sentiment Analysis
After a rebound, set up a range layout at 2535‑2555; defend at 2575; first target 2490, second target 2460.
Grandma's 1-hour cycle: starting from the low at 2431, it launched a strong rebound, surged to a high of 2566.40, then came under pressure and pulled back. It is currently consolidating around 2508. On the hourly timeframe, the short-term moving averages have turned downward, exerting pressure on the sentiment. Above, 2535‑2555 is a heavy chip pressure zone where short-term profit-taking sell pressure and trapped positions have clustered.
After the peak, the rally momentum quickly waned. After consolidating at the high level to digest, the market shows a need for further pullback. Overall, it forms a pullback consolidation structure following a big surge.
After a rebound, set up a range layout at 2535‑2555; defend at 2575; first target 2490, second target 2460.
Grandma's 1-hour cycle: starting from the low at 2431, it launched a strong rebound, surged to a high of 2566.40, then came under pressure and pulled back. It is currently consolidating around 2508. On the hourly timeframe, the short-term moving averages have turned downward, exerting pressure on the sentiment. Above, 2535‑2555 is a heavy chip pressure zone where short-term profit-taking sell pressure and trapped positions have clustered.
After the peak, the rally momentum quickly waned. After consolidating at the high level to digest, the market shows a need for further pullback. Overall, it forms a pullback consolidation structure following a big surge.
