ACT M-shaped "fall" structure is formed, short-selling slaughter! No hope for rebound?
ACT is currently in the midst of a bearish rampage, the M-shaped sell-off structure has been completely formed, the short-term moving average has fallen sharply, and there is no sign of price rebound. Every time the bulls try to counterattack, they are ruthlessly suppressed by the bears, and the rhythm of the negative market decline is becoming more and more obvious.
Market sentiment has further deteriorated, buying has almost been wiped out, trading volume continues to be sluggish, and there is almost no hope of rebound. The bears firmly control the market initiative, and a rebound in the short term is almost impossible. Prices may continue to fall and test the support area below.
Now is a critical moment. Can the short-selling feast continue? Or will the market suddenly reverse? The risk of short-term shocks still exists, and investors should remain calm and look for operating opportunities.
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