4.10 Double Bottom Midday Analysis


The early trading session surged to a high of 2246.15 before facing resistance and weakening, then broke below short-term moving average support, showing a high-level oscillating downward pattern.
The Bollinger Bands are generally diverging downward, with the upper band continuously narrowing and exerting pressure, indicating that the bullish momentum has significantly diminished, and the market has entered a weak oscillation correction stage.
MACD shows the DIF and DEA tangled at low levels, with weak red histograms, insufficient rebound volume, clearly in a weak market consolidation pattern, with no strong reversal signals at this time.
The strong resistance above is concentrated around 2200-2210 (moving average convergence zone), with core support below at 2180-2170.
If this area is effectively broken downward, it will open a new round of downside space.
It is recommended to establish short positions in the 2210-2250 resistance zone, with strict risk control at 2180-2130;
If the market stabilizes and rebounds with a clear break above 2200, then adjust the outlook to view the bullish trend.
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