7.16 Jack afternoon trading pad analysis

Starting from the low point at 1912.74, a wave of continuous upward movement began. After hitting a high, prices have been oscillating back and forth in the 1924–1926 range. Currently, the price is holding above the moving average, and the short-term bullish sentiment remains. However, there is significant sell pressure near the prior high area. Orders are densely stacked at the 1924–1924.8 level; to push higher, more incremental capital is needed to drive the move. If the market cannot break above the previous high later on, the short-term trend will enter a sideways consolidation phase.