Evening Market Outlook and Sharing.

From a box chart perspective, the midline has already been broken. Until the price reclaims the midline, the market is oscillating at the bottom and weakening. Only when the price can regain above the box's midline will there be a chance for upward oscillation. If the box is not broken downward again, the price will repeatedly test around the midline and the lower boundary, with the oscillation range expected between 2936 and 2900.

Once the box is broken downward, it opens the door for further decline, and lower target levels can be considered. On the hourly chart, the recent highs are continuously decreasing, and no lower lows have appeared yet, but be cautious—if the correction breaks below 2886 to create a new low, a waterfall decline may be imminent.

Trading suggestion: For those who break through 2945 to go long, pay attention to volume confirmation; risk management is very important. Only if the hourly price stabilizes above 2955 can there be hope for an upward move, targeting the 2988-3019 range. But if it cannot surpass 2955, the rebound will be limited.

The 4-hour chart is more aggressive; 2908 is a dividing line. Breaking below this level suggests a further decline toward 2859-2790. Honestly, the support at 2859 may not hold either, so be prepared for a new low breakthrough.

Most importantly, the daily chart level. No matter how the correction unfolds, as long as the price stays above 2821, it’s not a big problem—the bullish pattern on the daily chart remains intact. But if the daily closing price falls below 2821, then it’s a different story— the bullish trend is broken, and no one can give an exact answer on how low it might go next. Everyone must keep a close eye on the 2821 level on the daily chart; this is the line of defense. Once the daily close is below 2821, a new trend must be re-evaluated and re-planned.

Wishing everyone successful trading!