The daily chart level is still very clear, with three consecutive days of bearish closes. Every time there is an attempt to break through the resistance of the upper middle band, it starts to retrace, indicating that the short positions' momentum is still quite strong. Now the hourly Bollinger Bands have begun to contract, suggesting that there will be a gap-filling movement. In the afternoon, we can look for a short-term long position.
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The daily chart level is still very clear, with three consecutive days of bearish closes. Every time there is an attempt to break through the resistance of the upper middle band, it starts to retrace, indicating that the short positions' momentum is still quite strong. Now the hourly Bollinger Bands have begun to contract, suggesting that there will be a gap-filling movement. In the afternoon, we can look for a short-term long position.
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