Evening Double Bottom Trading Idea

The hourly chart of Double Bottom completes this round of pullback, has reached the Fibonacci 1:1 target zone and slightly oversold, and then starts a rebound. The price has broken out a standard W-bottom pattern within the triangle consolidation range. It has now successfully broken through the triangle structure and is holding above the key resistance level of 2306.
The short-term bullish structure is clear. As long as the price retraces and holds the 2300–2306 support zone, the market will continue to move upward. The first target is 2345.
If the price falls back and breaks below 2300, it will probe again toward the 2263 support. If it stabilizes here, it will form an hourly double bottom; afterward, price will consolidate and rebound. If trading volume increases and the price breaks below 2263 to make a new low, the area below will need to look for a reversal and stop-loss signal at the Fibonacci 1.618 position.

Trading Suggestions:
✅ An hourly breakout on increased volume above 2316—go long in line with the trend, target 2345–2379;
❌ A breakdown on increased volume below 2298 and the rebound cannot reclaim the level—go short in line with the trend;
⏳ For the 4-hour timeframe, an effective breakdown below 2300—look for a move down to 2263–2218.
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