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5.4 Auntie’s Midday Analysis
Auntie’s latest surge to a high has reached the 2400 pressure zone. The upward momentum is now exhausted, and the short-term advantage for shorting is clearly highlighted. Relying on the pressure level, you only need to place your short orders accordingly.
For the market pullback, focus on the 2350-2330 support zone. Shorts can take profit here, and you can also test with a light position. The key defensive level below is 2300.
On the daily chart, the top-head structure is supported by 2300. As long as this level is not broken, it will target the 2420-2460 highs. Once it breaks below 2300, this round of rebound is declared over, and in the short term you should abandon the “哆” approach.
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