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Midday Double Bottom Idea
If the 4-hour level drops below 2261, the downward targets are 2218-2171.
The double bottom’s prior box has already been broken; afterward, a rebound tested the upper edge of the box, but unfortunately it failed to regain operation within the box.
The current chart is still holding the key bullish-line support near 2257. As long as this level is not broken, there is still a chance for the trend to turn; once 2257 breaks, you can only look down to 2196 to find a stop to the decline.
For the double bottom to stop falling and rebound, the only condition is to move back into operation within the box.
Trading suggestions:
Break above 2290 with volume, chase long on the right side, set a stop-loss
Break down below 2261 with volume, chase short on the right side, strictly set a stop-loss
Pull back to 2200 support to stabilize for a buy; if it breaks below 2174, stop-loss
If it touches 2377 on the upside, you can short; if it breaks above 2396, stop-loss
Place a buy limit order at 2133 on the left side; if it breaks below 2101, stop-loss
If the hourly level holds above 2290, look upward to 2342-2377
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