Midday Double Bottom Trading Thoughts

The double bottom has once again fallen to trade below 2310. At this stage, the focus is on consolidation with a triangular range—try to maintain trading within the structure. Once the lower boundary of the triangle is effectively broken downward, the low tested yesterday is likely to be unable to hold, and the market will further test the 2235 support. To stop the decline and stabilize, you must get back above 2310 first, and only then will there be a chance to push toward 2379.

Trading suggestions:
• A breakout above 2317 with volume—go long on the right side, and set a strict stop-loss
• A breakdown below 2280 with volume—go short on the right side, and set your stop-loss properly
• Pull back to 2229 to confirm support is effective—you can go long; if it breaks below 2182, stop-loss
On the hourly timeframe, hold above 2317; watch 2346-2376 on the upside;
If it touches 2376, consider a high short; if it breaks above 2417, stop-loss.
Left-side pin insertion order: go long near 2176; if it breaks below 2132, stop-loss.
If on the 4-hour timeframe it breaks below 2281, then look for 2220-2159 on the downside.

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