7.16 Jack 4-hour Erbing market analysis

The 4-hour cycle trend is clearly visible. After the early high of 1946.75, the overall focus continues to shift downward, and the 1930–1920 range has formed a strong pressure zone. After going through a round of decline, the market has now rebounded slightly to around 1916. Above, at 1916–1920, there is heavy sell pressure from a large number of sell limit orders. The moving averages are all trending downward overall, and on the larger timeframe the market remains in a bearish trend. At this stage, this is only a small corrective rebound after the drop. The short-term rebound upside is limited—do not blindly go long before breaking above the key resistance level.
Trading recommendation: Short
Trading range: 1930–1950
First target: 1900
Second target: 1880#币圈#