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The early morning data did not bring much excitement, but it was at a high point. We made a short sale, and the benefits were very good. Later, Chen Tian suggested a long position, and as expected, after the downturn, the price warmed up and successfully led to our layout of long positions for short-term purposes. Although not many people paid attention in the early morning, it still helped those friends who were deeply troubled!
From a technical perspective, on the small time frame, the price channel continues to move upward, and the support is constantly being raised. Although the breakthrough of the midline was stimulated by the news, the price did not continue much, and the bulls also regained it at the close. Although the price has warmed up, it has not led to an increase in bullish volume, and there are no signs of a turnaround in the moving averages. In addition, the daily space has not completely opened up, so in the short term, do not chase the high and avoid chasing at high levels.
On the short-term level, the price channel is moving horizontally downward, and the upper space is constantly being compressed. The upward movement of the price is also clearly suppressed, and the bearish volume remains at a constant level. There are no signs of a turnaround in the moving averages, and they also continue to move horizontally downward, but the downward space is limited, and the pullback is only short-term and periodic demand. The trend still maintains a strong bullish phase, so for future operations, we can continue to go long on the pullback.
Operational suggestion: Long in the 26750-26850 range, with a target of 27500-27800 range. Breakthrough target: 28000-28200 range.
For more consultation, scan the QR code below and follow Chen Tian's official Weibo: Chen Tian Market Analysis! 
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