In the major cycle, against the small cycle, the Kongfang cannon is coming. Good morning brothers, during the big cycle of Kong, when liquidity is extremely scarce, a direct Kong at key positions means the end. After a rally early yesterday morning near 90200/3020, a Kong signal was given. This morning, the market opened and dropped to around 9530 and 2790.
Currently, on the daily chart, there are two bearish candles sandwiching a bullish candle, a standard Kongfang cannon structure. The Kongfang cannon structure is a classic Kong head signal. MACD shows a death cross below, with increasing red volume. The 4-hour chart shows a long upper shadow shooting star, which is a liquidity grab. A rebound from the intraday Kong is expected.
Kong at 86800-87300, add to Kong near 87800, watch for support at 85800, strong support at 84500. Kong around 2865, add near 2900, watch for support at 2740, strong support at 2670. Break below 85000/2790 shows no strength, short-term intraday trading is recommended.
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In the major cycle, against the small cycle, the Kongfang cannon is coming. Good morning brothers, during the big cycle of Kong, when liquidity is extremely scarce, a direct Kong at key positions means the end. After a rally early yesterday morning near 90200/3020, a Kong signal was given. This morning, the market opened and dropped to around 9530 and 2790.
Currently, on the daily chart, there are two bearish candles sandwiching a bullish candle, a standard Kongfang cannon structure. The Kongfang cannon structure is a classic Kong head signal. MACD shows a death cross below, with increasing red volume. The 4-hour chart shows a long upper shadow shooting star, which is a liquidity grab. A rebound from the intraday Kong is expected.
Kong at 86800-87300, add to Kong near 87800, watch for support at 85800, strong support at 84500.
Kong around 2865, add near 2900, watch for support at 2740, strong support at 2670.
Break below 85000/2790 shows no strength, short-term intraday trading is recommended.