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There was no update yesterday, partly because there was no market movement, and partly because something different happened.
Everyone should have noticed that market trends are usually continuous; only when market sentiment is in place or a one-sided trend emerges does the market become active.
Currently, there are two main directional judgments for the market:
1. Next week, a positive catalyst will trigger a large bullish candle, completing a thorough breakout and achieving a continuous one-month rebound.
2. The rebound should be over, and the consolidation has not ended. From trading experience, this is a period when bulls and bears face significant decisions.
To analyze the trend, you must see through the essence; superficial understanding is useless.
Currently, the range of 2300-2385 sideways movement remains unchanged, and the 2305-2330 zone is also an upgraded five-minute central pivot.
In Chan theory, overlapping or expanding multiple same-level pivots are classified as central expansions or extensions.
I interpret this as a complex, limitless trend.
So, how to choose entry points: use the recently upgraded central pivot as a reference for volume breakout, and then measure the target for a small one-sided move based on 1-2.5 times the peak of the consolidation.
Therefore, a valid breakout of the small range can clearly determine the target level:
If upward, 2355-2392 (market rally scenario 2440-2567);
If downward, 2280-2242 (market waterfall scenario 2215-2087).