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Today's market continued its volatile downward trend, and the weak intraday trend made investors cautious and wait-and-see. In the early session, the market briefly showed signs of stabilization, which gave hope to some investors who were expecting a rebound. However, this hope was short-lived, and the bears continued to exert force in the afternoon, and the index began to step downward, and the obvious lack of rebound momentum made the downward trend of the market more and more obvious. In such a market environment, the short-term trading strategies that have been developed so far have shown their effectiveness. When the predicted rebound market failed to come as scheduled, the take-profit operation was decisively executed, and a steady small profit was successfully achieved. This operation not only reflects the rationality of strategy formulation, but also highlights the importance of flexible response and timely stop-loss and take-profit in a complex and volatile market.
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Technical analysis from the 4-hour level provides a clearer insight into market movements. During the Asian session, the price briefly tested and touched the support level of the middle band of the Bollinger Bands, and then launched a technical rebound, but the strength was weak. When the price touched near the middle band, it encountered strong resistance, which indicates that the middle band of the Bollinger Bands has formed a strong suppressive effect on the current price. If the price effectively falls below the mid-band support, according to the operation law of the Bollinger Bands indicator, the next target level will most likely look near the lower band of the Bollinger Bands. Looking at the candlestick pattern, there is a clear dark cloud covering trend. In candlestick technical analysis, the dark cloud cover pattern is an important signal of a peak, indicating that the market trend may turn from long to bearish. The emergence of this pattern is further evidence of the strength of the current market bears. At the same time, the MACD indicator continues to increase below the zero axis, the fast and slow lines are in a bearish arrangement, and the green energy column continues to grow, showing that the market's short momentum is still being released, and the stock price is in an obvious short trend in the short and medium term.
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Based on the overall market trends and technical analysis, the evening market is likely to continue the current downward trend. For investors, maintaining a bearish outlook is a wise choice in the current market environment. In terms of operations, it is recommended to focus on shorting during rebounds. However, it is important to note that market conditions can change rapidly, and investors should strictly set stop loss and take profit levels when trading, manage their positions carefully, and guard against potential market risks, all while ensuring the safety of their funds and seizing market opportunities.
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