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Yesterday, according to the script, the decline was resolved through oscillation, and a fifteen-minute rally was completed during the U.S. trading hours.
This behavior is more like a trap deliberately set by the main force, but I believe all market movements are reflected in the candlestick chart.
The chaos created by the market is just a behavior to confuse traders.
As of today, the market has broken out of the pattern.
The price has once again approached a new low, and the support around 2233 makes us wonder whether the weekend will see more oscillation or a continued decline.
If it breaks below the new low, we need to consider whether it can stabilize around 2200, paying attention to pinning behavior.
In analyzing the trend, we need to take it seriously; the exact position around 2200 cannot be accurately estimated at this moment.
The short-term trend is beginning to lean towards a bearish outlook, still starting a large-scale wide-range oscillation.
Today, I will focus on one point: whether a new low can be made and if breaking below the new low near 2200 will result in significant pinning behavior.
If pinning occurs, it indicates an early warning that the correction may be ending.