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Dawn - Evening Discussion
Candied orange slips lower to the south. On the 4-hour timeframe, it touches the lower band and reaches the lowest support area around 60,600. Overall, it can still be restrained by the middle band of the Bollinger Bands. At this stage, it is trading around 61,100; “Er Gou Zi” is fluctuating around 16:20. The weak setup remains unchanged. All three RSI lines are below 50. Market momentum is on the weaker side, but it has not entered an extreme oversold condition.
Looking at 61,200-61,800: watch 60,300-59,500
Looking at 16:40-16:70: watch 15:90-15:50
All of the above is for entertainment and sharing only and does not constitute any investment advice.
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