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May 9 Morning Analysis
Good morning everyone, today is Saturday and the market won't be too volatile
Currently, the chart shows a double top pattern forming, and the downward space is opening up
After the price formed a local high at 82,828.7, it continuously closed with large bearish candles, forming a clear double top pattern, with the neckline around 80,500. The current price has broken below the neckline, and once the pattern is confirmed, the downward space will be further opened.
The weekend market is expected to be volatile, and my personal suggestion is to target 79,500-79,000 around 80,500-81,000.