Evening Double Bottom Trading Ideas

The 1-hour chart for the double bottom pattern is moving within a flag consolidation structure overall, with narrow-range sideways oscillation. The chart made two downward probes with needle-like wicks, and both times it firmly held the key support at 2251. Meanwhile, within the flag, a piercing reversal pattern has formed, and the hourly rebound momentum is already in place.
Although there is a short-term rebound expectation, the pressure is obvious. The key line that separates strength from weakness is stuck at the 2300 level. Only if the price regains and holds above 2300 can the rebound rally officially start. The upside targets are in the 2330—2360 range. If the price continues to face pressure and stays below 2300, it will be difficult for a rebound to unfold, and the overall market remains biased toward weak consolidation.
For structural risks, focus on the support at the lower boundary of the flag. Once it breaks down on increased volume and the flag structure is violated, the 2251 support will likely be lost, and the subsequent downside room will open further. Specific lower support levels will be monitored and followed up in real time after the breakdown. In the current ranging market, it is not recommended to open shorts blindly in advance; it’s best to stay on the sidelines.

Trading Suggestions:
Break through 2296 with increased volume, and go long following the move on the right side;
If it effectively breaks below 2277, and the subsequent rebound fails to regain and recapture, then follow the move and enter shorts, strictly controlling the market liquidity/volume and momentum, and set stop-losses properly with discipline.
If the 1-hour chart holds above 2296, the short-term rebound may continue, targeting 2330~2360;
The key defense level on the 4-hour chart is 2280. If it falls through, the downside will look to 2249—2183.
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