Today we will take a look at the 4-hour market trend of OP:
1. The high and low points of the four-hour short-term trend continue to move up, showing an upward trend.
2. After the bottom oscillation, the market formed a rectangular pattern.
3. In the rectangular pattern, the short volume during the two waves of callbacks can gradually weaken (as shown by the arrows in the figure), while the long volume during the two waves of rises indicates that the bulls are increasing and the bears are weakening.
4. The previous four-hour K-line broke through the rectangular pattern and surpassed the previous high. Although the breakthrough is not large, it is of special significance in the upward trend and the pressure level has not been touched above.
5. The Bollinger track has been running between the middle and upper tracks.
Based on the above observations, we can conclude that OP is currently in an upward trend, the short force during the callback is weakened, and the bull force during the rise is strengthened. In addition, the breakthrough of the rectangular pattern indicates that there may be a good market in the future.
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