$QNT Answer: 10/2: The three lines drawn that morning in Beijing were 241.8, 204, and 195.
The first one was broken; the bottom two lines were not touched: 10/2 lowest 223.5, then it was bought back up.
As of Beijing 10/4 04:30: QNT 10/3 high 270, now around 258. It rebounded about 15% from the low of 223.5, and is up about 13% over the past 24 hours.
This round’s trajectory: 9/27 surged to 373, 9/28 fell back to 195, 9/30 bounced to 329, 10/2 returned to 223, now 258.
Each pullback’s low is rising (195 → 204 → 223), but each rebound’s high is also falling (373 → 329 → 270).
This is narrowing, not a new uptrend.
New levels: 270 (10/3 high) and 287 (9/30 close) above are resistance; below, first watch 241.8, then 223.5.
Don’t take too heavy a position until the direction is confirmed.
The first one was broken; the bottom two lines were not touched: 10/2 lowest 223.5, then it was bought back up.
As of Beijing 10/4 04:30: QNT 10/3 high 270, now around 258. It rebounded about 15% from the low of 223.5, and is up about 13% over the past 24 hours.
This round’s trajectory: 9/27 surged to 373, 9/28 fell back to 195, 9/30 bounced to 329, 10/2 returned to 223, now 258.
Each pullback’s low is rising (195 → 204 → 223), but each rebound’s high is also falling (373 → 329 → 270).
This is narrowing, not a new uptrend.
New levels: 270 (10/3 high) and 287 (9/30 close) above are resistance; below, first watch 241.8, then 223.5.
Don’t take too heavy a position until the direction is confirmed.