On Tuesday, the A-shares market opened lower with two positive days, and the probability of a false rebound with low volume is quite high (only with increased volume can it truly turn positive). Small-cap stocks performed relatively weakly, and micro-cap stocks experienced three consecutive declines. Overall, the market mainly showed slight fluctuations and consolidation.
Last night, the US stock market adjusted, and precious metals plummeted across the board, which will have a significant impact on today's precious metals sector. From a technical perspective, the Shanghai Composite Index started this rally from 3815, with nine consecutive positive days continuously breaking new highs, looking quite strong. However, in the last two trading days, the upper shadows have noticeably lengthened, indicating that the bulls are encountering divergence, and the upward difficulty is increasing.
The neckline at 3936 is very critical here. If it's just a pullback, it is actually a confirmation action after a breakout; as long as it does not break below 3936, the strength can be maintained, and there is still a chance to continue upward. Conversely, once it falls below 3936, volatility will need to increase, and it will depend on whether the 10/20 moving averages can hold.
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LiquidationWatcher
· 10h ago
Too many false bullish candles, retail investors are still catching the bag
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Nine consecutive bullish days so fierce, but why does it feel like the trading volume hasn't kept up
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3936 not broken and continue to fly, if broken then it depends on moving averages to save the day, it's that simple
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The plunge in precious metals dragged down the market, today’s sector rotation is a bit intense
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Small-cap stocks have three consecutive down days, it's really a bit risky, feeling like a correction is coming
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Bullish divergence, the long upper shadow indicates pressure, this is a signal
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No-volume false bullish candle, I've seen this routine too many times
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Waiting for this critical level at 3936, whether it breaks or not will determine the subsequent direction
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US stocks are adjusting, precious metals are plunging, the chain reaction is a bit painful
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Micro-cap stocks really can't hold up, they keep falling
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CryptoHistoryClass
· 10h ago
ngl this 3936 neckline breakout pattern... *checks notes* we literally saw this exact setup before every major capitulation. nine green candles of pure copium, then suddenly the wicks start getting spicy? lmao history doesn't repeat but it sure as hell rhymes, and this is giving major 2017 vibes
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FOMOrektGuy
· 10h ago
Fake bullish candles are back. Will there really be an increase this time? Feels like we're just fooling ourselves.
Micro trading three consecutive down days, small investors are about to get cut again.
Breaking 3936, but honestly, I have no idea.
Precious metals plummeted, and this time I lost my capital again.
Nine consecutive bullish days look great, but with such long upper shadows... are the bulls really still strong?
10/20 moving averages trying to save the day? Don't make me laugh, they said the same last time.
Two bullish days opening lower but with no volume, this is probably a sign that institutions are fleeing.
I've got my eyes on the 3936 line; if it breaks, I'll cut my losses and run.
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quiet_lurker
· 11h ago
I've seen this fake bullish candlestick pattern too many times. Every time, they say only incremental gains count, but in the end, it's just a front for cutting leeks.
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GasFeeAssassin
· 11h ago
A false bullish candle has appeared again. Let's see if it can break through 3936; otherwise, we'll have to see if the moving averages can hold up.
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ShibaOnTheRun
· 11h ago
I've seen too many fake bullish candles like this. To put it simply, it's just lacking volume... Let's see if 3936 can hold. It feels a bit uncertain.
On Tuesday, the A-shares market opened lower with two positive days, and the probability of a false rebound with low volume is quite high (only with increased volume can it truly turn positive). Small-cap stocks performed relatively weakly, and micro-cap stocks experienced three consecutive declines. Overall, the market mainly showed slight fluctuations and consolidation.
Last night, the US stock market adjusted, and precious metals plummeted across the board, which will have a significant impact on today's precious metals sector. From a technical perspective, the Shanghai Composite Index started this rally from 3815, with nine consecutive positive days continuously breaking new highs, looking quite strong. However, in the last two trading days, the upper shadows have noticeably lengthened, indicating that the bulls are encountering divergence, and the upward difficulty is increasing.
The neckline at 3936 is very critical here. If it's just a pullback, it is actually a confirmation action after a breakout; as long as it does not break below 3936, the strength can be maintained, and there is still a chance to continue upward. Conversely, once it falls below 3936, volatility will need to increase, and it will depend on whether the 10/20 moving averages can hold.