The second pancake daily level successfully broke below the key support at 2175, applause is in order. Moreover, the head and shoulders pattern on the daily chart has already been confirmed because it broke below the neckline at 2175 and then fell back into the consolidation range between 2173 and 1935. Next, we’ll see if 2057 can hold. If 2057 is broken downward, based on the daily chart trend, the lower boundary of the range at 1935 will be reached. Currently, the MACD on the second pancake daily chart has already fallen below the zero line, indicating that the bears are now in control of the market. You should mainly consider shorting on rebounds. Right now, the second pancake and the main pancake are not moving in sync; the second pancake has dropped quite sharply, so watch if the main pancake will follow suit. To prevent the second pancake from further declining on the daily level, it needs to return above 2175; otherwise, there’s no solution.

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