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Two-Bing Evening Thoughts
Currently, 2083 is the key long/short boundary: only an effective breakout above it will end the current downtrend and start a rebound; if it continues to trade below 2083, then not continuing to fall already counts as strength.
In terms of downside support, the previous low at 2016 has uncertain support strength; the rebound did not make a new high, so a pullback is highly likely to break the low.
Once it breaks below 2016, it will probe down toward the 1975–1936 support zone while waiting for a reversal.
Trading references
• A breakout above 2057 on increased volume can be used for right-side chasing long entries;
• A breakdown below 2035 on increased volume can be used for right-side chasing short entries—strictly set a stop-loss, and focus on volume.
• 1H: Hold above 2057; the upside is 2084–2126;
• 4H: Break below 2012; the downside is 1966–1936.
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