6.10 Wednesday Big 🫓 Morning Thoughts: Pullback Intraday—Go Long First, Then 🈳

Last night, the US market opened strong but then turned lower. The calm, range-bound oscillation was once again broken as 🈳頭 led the way with a downside move. The continuous high-volume selloff directly shattered the short-term range rhythm. In the early hours, the low fell into the 607 area, then rebounded to 622, where it faced renewed pressure and slipped back down. Price is currently trading around 618.

On the four-hour chart, the overall downtrend channel remains unchanged. After a period of short-term consolidation and adjustment, it once again moved lower. Meanwhile, the midline was broken by a solid-bodied bearish candle; even on smaller timeframes, a weak pattern has appeared again. However, after this bearish leg down, the decline did not extend—it became a tug-of-war between bullish and bearish forces. In general, if the move down doesn’t extend, that’s a sign of a potential rebound. So don’t rush to chase 🈳; first look for a rebound intraday. Once it moves up, then do 🈳.

Reference 613, 608 nearby—then look up toward the 630–638 range.