7.26 Huanghuang H trend forecast

A short-term rebound and recovery is underway, but the correction pattern that started from the 4170 high has not ended. Still, the near-term trend remains weak. Next week, it will most likely repeatedly test the watershed level; bullish momentum across larger and smaller timeframes is fading in sync, so the probability of choppy whipsaw trading is high. Be patient and wait for the levels—don’t rush into the market.
For the overhead area, focus on resistance at 4060-4075. For support below, first look at 4040 and then 4010.
Plan:
After rebounding into the 4060-4075 range and meeting resistance, look for a short/ sell-the-rip opportunity from the high. The first target is 4040. If it breaks down through this level smoothly, the next leg is likely to look toward 4010, even slightly lower.
On the other hand, if it unexpectedly holds above 4075, revise the idea: after a pullback and confirmation, look for upside toward around 4100. #直通IPO第二期JerseyMikes $XAUT