Recently, GMT has shown some noteworthy technical phenomena in the futures market. From a candlestick perspective, the volume-price relationship shows obvious divergence — after a sharp rally, there was a surge in volume with price stagnation, which subsequently evolved into a consolidation pattern with declining volume. This type of pattern combination typically reflects weakening momentum from major players, with signs of distribution gradually emerging.
From a technical indicator perspective, the situation appears even more extreme. Both RSI and KDJ, the two overbought indicators, have reached historically rare highs, with values reaching the extreme zone. When indicators reach such elevated levels, market sentiment is basically in a euphoric state, and the pressure for technical pullbacks tends to be substantial.
Combining the dual signals of volume exhaustion and extreme overbought indicators, expectations for short-term adjustment appear to be strengthening. The specific direction still requires further observation of trading volume and price movements, but this timing definitely warrants heightened vigilance.
Recently, GMT has shown some noteworthy technical phenomena in the futures market. From a candlestick perspective, the volume-price relationship shows obvious divergence — after a sharp rally, there was a surge in volume with price stagnation, which subsequently evolved into a consolidation pattern with declining volume. This type of pattern combination typically reflects weakening momentum from major players, with signs of distribution gradually emerging.
From a technical indicator perspective, the situation appears even more extreme. Both RSI and KDJ, the two overbought indicators, have reached historically rare highs, with values reaching the extreme zone. When indicators reach such elevated levels, market sentiment is basically in a euphoric state, and the pressure for technical pullbacks tends to be substantial.
Combining the dual signals of volume exhaustion and extreme overbought indicators, expectations for short-term adjustment appear to be strengthening. The specific direction still requires further observation of trading volume and price movements, but this timing definitely warrants heightened vigilance.