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7.15 Jack 4-hour candlestick chart analysis
Yesterday around 2:20 AM, a sell-off drove the price down to 61,824. Then, starting at about 11:30 PM in the evening, it surged all the way up to 64,900. This morning, it was pushed up to a high of 65,100. Most likely, it will range-trade for a period of time. In the short term, there is strong overhead resistance, and the Bollinger Bands’ overall trend is downward.
Trading suggestion: Go short
Trading range: 65,000–65,500
First target: 64,000
Second target: 63,000