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Analysis of the Early Morning Two Cakes
In the short-term hourly chart, the Bollinger Bands are opening downward, showing a weak oscillating trend, with the midline gradually moving downwards, and 3780 becoming the key resistance level in the short term.
If the short-term cannot rebound and stabilize, the trend may retreat to support. Moreover, the lower track gap is slightly open, and the space is gradually increasing, which may lead to a breakdown and move lower. If a breakdown occurs, it is advisable to follow the trend and enter short positions, with a suggestion to treat this cautiously.
Short at 3740—3770 above, target below 3600, with a stop loss of 30 points.
Long from 3580 to 3610 below, target above 3750, defend 30 points.
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