Midday Double Bottom Thinking

Although the double bottom previously broke through the flag pattern structure, multiple attempts to rise and test 2345 ended with pullbacks, showing clear resistance. The pressure is evident; it then retreated to retest and step back to the 2298 support, which is currently holding for the time being.

To stabilize and rebound in the short term, you must see increased volume and a reclaim of 2345. Once 2298 is lost, it will further probe down toward the 2262–2250 support zone. If the market continues to range-trade within the 2262–2345 range, that is already a relatively strong performance. If it breaks below the key support of 2262–2250, the weak market conditions will continue again.

Operation suggestions:
Break out above 2318 with volume, and go long following the trend on the right side;
If it breaks down below 2302 with volume and the rebound cannot be recovered (reclaimed), then go short following the trend on the right side, with a strict stop-loss.

A pullback to 2265 to confirm support can be used to set up long positions, with a stop-loss at 2229.

If the hourly chart holds above 2318, the rebound target is 2344–2383;

On the 4-hour timeframe, if there is an effective breakdown below 2296, the downside targets will be 2263–2219.
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