[Pre-market Analysis for August 24] The bearish candlestick pattern persists, and signs of stabilization have yet to emerge; today’s focus is on a potential bullish engulfing reversal.

Hey everyone, it's Monday pre-market time again. The Nasdaq and S&P 500 are still showing bearish candles—no disappearance, no bullish engulfment. How strong is the stabilization? Basically on par with my resolve to lose weight last week—it looked like it was there, but it wasn't. Both the S&P 500 and the Dow Jones are in a harami structure. Today, focus on just two things:

The bearish candle disappears via a bullish engulfment, and the harami pattern breaks upward above the mother line.

Only then can we confirm the first round of stabilization. If confirmation fails again? Then we stay on the sidelines until next week.

TSLA: This top student has already handed in their exam paper.

The harami pattern on the purple ribbon has broken upward, $352 has held firm, and the previous buy signal has been confirmed.Maintain a short-term bullish view; Tesla is currently the only one among these that has clearly broken out.The weekly chart is approaching the **, indicating that the broader trend is improving.

Musk: Even though I post nonsense on X every day, the stock price can still go up.

CRWV: Don't rush, there's no signal yet.

The low point of the 'One Red' pattern was broken on Friday, invalidating the model. Currently seeing consecutive bearish candles with no bullish engulfing buy signals.No need to rush to catch the bottom; wait for a signal.

What's the hurry? The cash in your hand isn't going to bite you.

NVDA: See you at 213.

Continuing with bearish candles, price is approaching 213.44.The 213–215 range is currently the most critical area to watch.If bearish candles disappear and a bullish engulfing pattern emerges here, it would constitute a high-quality pullback buying opportunity.

Jensen Huang: Don't rush, guys. I'll lead the decline first, then rally once it hits the target level.

AMZN: Testing with a harami pattern.

The inside bar tested the mother bar's low of 258.58 on Friday but did not effectively break below it.Buy only if it breaks above 266.40; exit if it closes below 258.58.The high of the previous yellow candle remains a medium-term resistance level; do not mistake a rebound for a reversal.

Bezos: I'm selling my shares while watching you all try to catch the bottom.

One-Sentence Summary

The blue candle is still present, and signs of stabilization have yet to emerge.

Watch today to see if a bullish engulfing pattern forms. If it does, take action; if not, stay on the sidelines.

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