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The weekend market overall broke out of a wide V-shaped move. After Saturday’s decline continued and probed down to around 74,200, the market rebounded and moved upward on Sunday to around 77,600. On the weekly timeframe, the candlesticks showed shrinking volume, forming two consecutive bearish candles. On the daily timeframe, the short sellers’ volume shrank, forming a bearish candle with an upper shadow. On the four-hour timeframe, the candles showed shrinking volume and gradually moved lower. On the hourly timeframe, the selling side gradually increased in volume.
Early Monday:
For the market around 76,700–77,200, focus on 75,700–75,200.
For the market around 21:10–21:35, focus on 20:60–20:35.
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