7.24 Erbing morning analysis:

Erbing is gradually taking light positions around 1890/1910 in batches, and the target is pointing toward 1840/1800.
If you want to go for Duo, you can take light positions in batches around 1840, set the stop loss at 1780, and the target is pointing toward 1890/1910.

In the earlier market, the price surged to the high point 1887.98, then gradually faced pressure and pulled back. In the middle, it showed a wave of sharp drop that went down to the 1858.00 low, and then started a weak rebound to repair. In the end, both sides for Duo and Kong repeatedly pull and wrestle around key price levels.

Although the plate managed to bounce with the help of an iteration, the overall downward structure of “rally then pull back” was not reversed. The medium-term downtrend still has the upper hand. The current range-bound consolidation is effectively rebound consolidation after a decline, mainly digesting the dip-buying floating positions from the previous phase, laying the timing groundwork for the next leg down.

Since the top formed at 1887.98, the Bollinger Bands have kept operating within a downward channel overall. This rebound has never managed to get close to the prior high again. The chart has not yet formed strong signals of trend reversal. As the rebound reaches the area of the Bollinger middle band, selling pressure will become concentrated and visible. The chips in the upper pressure zone have strong “escape” selling force.
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