After the market dipped to around 88,000 in the early morning, it rebounded and moved up to fluctuate around 89,000 for consolidation. On the daily chart, the structure shows two consecutive bearish candles with shrinking volume, gradually breaking downward and indicating a downward trend. On the four-hour chart, the structure is running near the lower band with increasing volume, while on the hourly chart, there is slight fluctuation in a narrow range with increasing volume. The intraday strategy should remain focused on short positions at higher levels.
Saturday Intraday:
If the price is around 89,500-89,800, consider going short, targeting the 88,500-88,300 range.
If the price is around 3,045-3,065, consider going short, with a target of 2,980-2,960.
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After the market dipped to around 88,000 in the early morning, it rebounded and moved up to fluctuate around 89,000 for consolidation. On the daily chart, the structure shows two consecutive bearish candles with shrinking volume, gradually breaking downward and indicating a downward trend. On the four-hour chart, the structure is running near the lower band with increasing volume, while on the hourly chart, there is slight fluctuation in a narrow range with increasing volume. The intraday strategy should remain focused on short positions at higher levels.
Saturday Intraday:
If the price is around 89,500-89,800, consider going short, targeting the 88,500-88,300 range.
If the price is around 3,045-3,065, consider going short, with a target of 2,980-2,960.