Midday Double Bottom Strategy


The double bottom has previously broken through the bullish flag pattern, with the original support level of 2078 now turning into a critical dividing line. Once this level is broken with increased volume, the previous low of 2060 support will quickly become invalid, and the market will directly probe the 2026-2006 range for signs of a bottom; only when the price re-enters the flag pattern and stabilizes will the downward momentum end, initiating a rebound and correction.
Recently, the market has been oscillating back and forth, shaking out traders, with intense battles between bulls and bears, making the short-term direction unclear, and confirmation of a breakout is needed.
Trading Suggestions:
Break through 2099 with volume and go long on the right side, exit immediately with a stop-loss if not stabilized;
After the hourly chart stabilizes, target a rebound to 2129-2146;
With volume, break below 2077 and fail to rebound strongly, go short on the right side, strictly set stop-loss;
On the 4-hour chart, a valid break below 2078 targets a decline to 2021-1988.
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GoldenTunnel
· 05-26 12:08
A trader with a plan!👍
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