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Last week, the weekly chart reached a high and then closed lower, and the market also entered a phase of partial correction. In the context of the larger weekly trend, this is just a brief local adjustment; but from a short-term perspective, the correction at the weekly level has a considerable space, and can still be treated as a minor correction wave. The daily chart, after a series of downward moves, has shown a rebound and recovery, but the overall rhythm of the pullback and correction has not yet completed, and it is still expected that the market will further decline. The 4-hour cycle, with 78,300 as the stage high, showed a high-level retracement, and after breaking the midline, it formed a continuation, indicating that there is still momentum for a short-term breakdown and downward movement. During the process of confirming the direction, the rebound high points can be high or low; the key is whether the correction is completed with a strong rebound or if it gradually weakens after lateral consolidation. Currently, the market leans more toward the former. The overall approach remains cautious about chasing highs; after the market volume increases and pushes higher, the priority in trading is to rely on high levels for minor corrections and look for pullbacks to buy.
Trading Suggestions
Buy near 76,500–76,800, target 74,500
Buy near 2,350–2,370, target 2,270