Today’s Erbing Public Outlook (Sunday)

1. Core Trend and Structural Signals
Currently, the 15-minute cycle of Erbing shows an extremely bearish-dominated sharp decline followed by a weak rebound pattern. The trend is entirely bearish, with the core structure as follows:
1. Trend Structure: Price started the main downward wave from the high of 2329.85 in the early morning of April 12, with a lowest dip to 2205.93. The maximum drop on the 15-minute level exceeded 120 points, forming a standard “high-level breakdown + accelerated sell-off” bearish trend structure. The medium-term downtrend channel is fully established, and the rebound is merely a weak correction within the decline, with no trend reversal signals.
2. Bollinger Bands (BOLL 20,2) Status:
◦ The Bollinger Bands show an extremely wide downward divergence, with the upper band (UPPER: 2227.27), middle band (MID: 2217.89), and lower band (LOWER: 2208.51) all moving downward in sync. The lower band continues to dip after the sharp decline. The current price of 2218.94 is only weakly oscillating below the middle band, entirely within the downward channel of the Bollinger Bands, which is a typical confirmation of a bearish trend.
◦ The middle band at 2217.89 has become a strong resistance level. Multiple rebounds have failed to break through effectively, and the bulls have completely lost their ability to counterattack, with bears firmly controlling the market.
3. Key Price Level Verification:
◦ Strong Resistance: 2225-2230 zone (Bollinger upper band + previous low breakout resistance zone), which is the core ceiling of this rebound. As long as the price cannot stabilize above this zone, the bearish trend will not reverse.
◦ Strong Support: 2205.93 (the recent sharp decline low). If this level is effectively broken downward, the next target will directly drop to the 2180-2150 range, with an extreme possibility of reaching the 2100 integer level.
Erbing: Rebound to 2240-2260 suggests a southward move
First target: 2200
Second target: 2180 (caution)