Today is really a pity! Friends who follow me know that I predict that the index should close today! But today, because of the drag of the Chinese first plate, the Shanghai Composite Index fell 0.64% when the Shenzhen Index closed in the red.
In fact, yesterday I was still very confident in the market's prediction. At that time, I also attached a picture -- a picture of daring to draw a sword in the face of thousands of troops! It shows that I have the courage to face the bears and resolutely look at the longs! Judging from today's closing situation, the one who drew his sword yesterday should have been lying down.
Maybe many of my friends think that I have some obsessions? Actually, my personal analysis is very simple. It is to analyze the next possibility of the market from a purely technical side!
As for tomorrow's trend, I still made my own prediction. Please take a look at the 60-minute candlestick chart of the Shanghai Composite Index.
SSE 60-minute candlestick chart
As we can see from the chart above, the low of the 60-minute Long White Candle No. 1 was broken, but the low above 2724, which is today's lowest point of 2752, produced the Long White Candle No. 2. The elevation of the low point represents that the bearish energy of the market is not so strong!
After the low of the No. 1 white candle was broken, the body of the No. 2 white candle quickly entered the inside of the No. 1 white candle, which proves that the momentum of the rebound is strong when it is falling. Then you can see that today's trend is actually a "triangle convergence" within the physical range of the No. 2 long white candle, and I think today's convergence is relatively successful from the point of view of the candlestick. It is a trend in which a pattern compression is about to explode.
Based on the above analysis, I think the Shanghai Composite Index is expected to reach a peak near 2820 points tomorrow. In fact, judging from the fact that the main force is willing to pull up from the low point today, but is not in a hurry to attack, the next market rebound may be "simmering slowly"! So my judgment for the trend of the market tomorrow is the rise of the small white line. Let's take a look at the chart below - tomorrow's A-share trend prediction.
Hand-drawn conjecture chart of tomorrow's trend
I'm an orangutan from the stock market, and I like to make extreme predictions about the index, and I only make black and white predictions, and I am never ambiguous!