digital currency market prices- Top Overview

Statement of the work: Personal opinion, for reference only.Second, the market will encounter an obvious pressure point tomorrow. Please look at the chart below, the daily chart of the Shanghai Composite Index. In the picture, I use three color lines to mark the short-term pressure lines respectively.Third, I have been worried that the CSI 2000 index and the micro-cap stock index, which have been rising continuously, are at risk of a pullback. In fact, this morning, we saw signs of weakness in the trend of small-cap stocks, but they were finally pulled up by the main force to turn the tide. Although turning the corner, it can't hide the fact that small and micro-cap stocks have risen too high. I have repeatedly said that these small-cap stocks need to be adjusted! Just like the story of the wolf coming, everyone may think that it is not, because everyone has not seen the adjustment of small and micro-stocks. But the story of the wolf coming, the final result is "the wolf really came." We still need to clearly understand that the CSI 2000 Index, the daily wedge structure, the top deviation of the daily index, the breakdown of the upper rail of the daily bollinger Band index, etc., are some signals that indicate serious overbought in the short term.

From the above picture, you can see three pressure lines: red, blue and black. These three pressure lines basically form a relatively dense resultant pressure zone at the current position. Therefore, it is actually more difficult for the index to attack upwards tomorrow.First, in terms of time relationship, tomorrow will be the 13th trading day from the low point to the high point (assuming the high point occurs in the intraday trading tomorrow). 13 is a typical Fibonacci dial number. On the 13th day, it is easy to produce the inflection point. Moreover, we can find that the last downtrend band took 14 trading days to reach the low point. According to the symmetry theory, the current uptrend band will probably take 13~14 trading days to reach the top of the stage.

From the above picture, you can see three pressure lines: red, blue and black. These three pressure lines basically form a relatively dense resultant pressure zone at the current position. Therefore, it is actually more difficult for the index to attack upwards tomorrow.Statement of the work: Personal opinion, for reference only.