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July 29 afternoon — Erbing analysis
After Erbing dipped to the low point in the early stage and continued rebounding, it pushed up to create a local high, then started to oscillate back and forth.
The Alligator indicator’s three lines gradually converge, and the struggle between bulls and bears is getting more intense, with the upward momentum clearly slowing down. There is resistance overhead, while support below provides a floor; in the short term, it’s likely to keep fluctuating within a range.
Personal suggestion: around 1940-1970, set a position; targets are 1880-1820.