From the daily level, it is clear that the structure has undergone a substantial reversal. If it cannot be quickly recovered in the short term, the downward trend will continue to develop.
The trend reversal in the big cycle usually does not end with a V-reversal, so at present, the short-selling momentum will continue to diverge.
The downward market will usually bottom out before it reverses. Don't try to find the bottom before it bottoms out. (Click the avatar to see the introduction)
The main theme of the market now is short selling, but my point of view is that you should not chase the short in the sharp decline. You can only enter the market after the key entry point is retreated. If it does not meet expectations, you would rather miss it.
