ACT "M-shaped sell-off" alert! Shorts are fully suppressed, and longs are powerless to counterattack!
ACT is currently playing a classic "long-short life and death game" on the technical side. Judging from the K-line trend, the "M-shaped structure" has been formed, the short-term moving average has completely gone downhill, and the price is unable to rebound. Shorts dominate the whole process, and the longs' counterattacks have been repeatedly blocked, and the trend of falling Yinpan has become more and more obvious.
Market sentiment is also continuing to deteriorate, buying power is almost wiped out, trading volume continues to be sluggish, and there is almost no sign of rebound. At present, the shorts have firmly controlled the initiative. It can even be said that it is almost impossible for the market to rebound in the short term. I am afraid that it will continue to test the support area downward.
ACT's short market has been fully launched! The defense of the longs has become meaningless, and investors must remain vigilant and avoid blindly chasing the rise. What will be the subsequent market trend? Can a rebound occur? Only the market can give the answer, but at present, the shorts may continue to control the situation.
Pay attention to Uncle Qian, who will take you to understand the mystery of the market and walk on the cusp of the storm!
