From the 4-hour chart perspective, the market shows clear signs of a surge and subsequent pullback after reaching the key resistance level of 116700.
A candlestick chart has formed a bullish candle with a significant long upper shadow, which then immediately turned into a bearish candle body. This typical shooting star pattern clearly exposes the heavy selling pressure present above the market.
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9.15 Initial Ze Evening Thought Analysis
From the 4-hour chart perspective, the market shows clear signs of a surge and subsequent pullback after reaching the key resistance level of 116700.
A candlestick chart has formed a bullish candle with a significant long upper shadow, which then immediately turned into a bearish candle body. This typical shooting star pattern clearly exposes the heavy selling pressure present above the market.
Operational Suggestions
Big Pie: 115400-116200 short, target 113000-114000
Auntie: 4550-4600 empty, target 4350-4450
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