Auntie's Morning Technical Analysis

1-Hour Chart: The price touched the 2088 high point and then showed multiple large-volume downward bearish candles, indicating heavy selling pressure above. Recently, the candlestick bodies are small, and the forces of bulls and bears are becoming more balanced, but the rebound momentum is insufficient.

* Daily Chart: Yesterday (March 10), a bullish candle with a long upper shadow was formed, accompanied by high trading volume, indicating that the bulls encountered strong resistance during the rally, and short-term upward momentum may be waning.

MACD: On the 1-hour chart, the MACD DIF line has crossed below the DEA line, and the MACD histogram is negative and continues to expand, showing that short-term bearish momentum dominates.

RSI: The 1-hour RSI has fallen from the overbought zone (60-64) to a neutral area (47.75), indicating that short-term upward momentum has weakened, and the market is entering a correction or pullback phase.

EMA: The current price on the 1-hour chart is below EMA7 (2038.29) and EMA30 (2036.25), both of which have turned into short-term resistance levels. EMA120 (2012.37) is below the current price and may provide potential support.

Volume: During the price decline from the high point on the 1-hour chart, several large-volume bearish candles appeared, especially at 02:00 on March 11, showing strong bearish selling willingness. The recent slight rebound has been accompanied by shrinking volume, lacking the momentum for a sustained rally.

* Daily Chart: Yesterday (March 10), trading volume significantly increased, but the closing price failed to hold at high levels. The long upper shadow combined with high volume further confirms substantial selling pressure above.