7.27 morning — Erbing

After Erbing initially surged to test the 1966 high point, it was pressured and fell back; the upper resistance range has already been validated.

From the order-flow trend, it’s not hard to see that after the price made a new high, the bulls couldn’t sustain their push. Subsequent highs kept stepping down, and rebound follow-through has been poor.

The market is currently in a range-bound back-and-forth consolidation. Each rebound runs into sell pressure, and upside momentum continues to weaken.

For the short term, the rebound-for-short idea still holds, and we should place short positions based on the resistance overhead.

Entry zone: short around 1970—1990

First target: 1900, second target: 1880#夏日创作营