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The recent market pattern looks particularly familiar.
It reminds me of the correction at the beginning of the year, when after breaking down, the market entered nearly two months of sideways consolidation. During that period, various news bombarded the market, and investor sentiment was repeatedly pulled back and forth. The market slowly digested this entanglement.
The current trend is almost a replay—breaking down and then entering a consolidation phase that trades time for space.
So what's the difference? Back then, it lasted about 60 days, and now it's just over 40 days. This cycle hasn't yet reached the rhythm of the previous one.
But in terms of direction, I guess we won't have to wait too long. Signs of a breakout should surface very soon.