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6.15 Monday afternoon, 🈳 head is losing momentum—watch for the continuation from do-head
Since last weekend, the market has gradually warmed up. After a spell of choppy upward movement, it gave 🈳 head absolutely no chance to mount any counterattack. At present, the main 🫓 has reached as high as 660. Last Monday’s one-sided bullish view did not disappoint after all.
In the short term, do-head has been making a strong upward push. Short-term resistance has been broken again and again, and the damage done to 🈳 jun is self-evident. More importantly, every time there has been a breakout, there has not been a pullback—this clearly shows a slow-rising pattern pushing 🈳’s price action. So at this point, don’t think the position must be 🈳. The choppy upward trend hasn’t finished yet, and 660 is not the endpoint of this round of upside. Continue to look for further gains in the afternoon.
Pull back to the 653–649 area (do-head), then look up for the 670–680 range.