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Second Pancake Evening Outlook
Second Pancake is currently consolidating within a flag pattern, showing relatively stable movement. If it maintains this range, it remains temporarily safe.
Once it breaks below the lower boundary of the flag, the 2158 support level is likely to be lost simultaneously. This level is a key Fibonacci 38.2% retracement. Holding this level indicates that the hourly bullish trend remains strong; breaking below it would weaken the bulls, leading to a pullback to the 61.8% level at 2120 and the 1:1 target at 2060.
The target range is 2232-2275.
Trading suggestions:
• Break above 2206 with volume, go long on the right side, and after stabilizing, aim for 2235-2275
• Break below 2175 with volume, go short on the right side, and if the 4-hour level breaks, look down to 2133-2085
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