March 11 Morning Trading Ideas

The technical pattern on the four-hour chart has already issued a clear warning—each time the price touches the upper band of the Bollinger Bands, it encounters strong selling pressure. After a rally, the price quickly pulls back, erasing all previous gains. Multiple attempts by the bulls have been suppressed, and the rebound momentum has failed to continue. The market's initiative has quietly shifted. The brief boost from external news was ultimately just a false alarm and failed to change the overall weak pattern.

Turning to the daily chart, the long upper shadow has already exhausted the upward momentum. Although there have been two consecutive bullish days, the sustainability of the rally is clearly insufficient, and even the upper Bollinger Band has not been effectively held, indicating a clear sign of waning momentum.

Overall, the likely next move is a period of consolidation followed by continued adjustment. The dominance of the bears is unlikely to reverse in the short term.

Trading Recommendations
Short near 70,400-71,000 on rebounds, with targets down to 69,200-68,600. If broken, continue to watch for 68,000.