Etiquette Silk Road and Suggestions

The flag pattern of etiquette has been broken, and a W bottom has appeared inside the flag pattern. The neckline of this W bottom has already been broken. The position pointed to by the red arrow below is still a small double bottom pattern. Various signs indicate that etiquette is about to undergo a rebound. Currently, etiquette is trying to stabilize above the 2310 resistance. As long as the second rally can stay above 2310, it will test the highest price of this candlestick pointed to by the white arrow at 2350. Breaking through 2350 is necessary to reach the resistance level at 2379. Only after stabilizing above 2379 can a new round of upward movement be initiated, aiming again near the previous high.
For etiquette to move back to a correction, it must fall back inside the flag pattern to have the chance to test the support at 2235. From the current market situation, there is no opportunity for a downward pullback as long as the flag pattern is not broken downward.
Etiquette volume breakout above 2317, follow long positions on the right side; volume breakdown below 2287, follow short positions on the right side. Pay attention to volume changes and set stop-loss orders accordingly.
On the hourly level, etiquette stabilizes above 2317, aiming for 2379 and near the previous high.
On the 4-hour level, a breakdown below 2308 suggests a target of 2255-2181 downward.
On the daily level, as long as it can stay inside the flag pattern, there is nothing to worry about. It will continue to oscillate within the flag, with larger amplitude. However, once etiquette breaks through the price around 2462 corresponding to the flag pattern, the daily upward trend will be triggered. Looking at the red box on the left, it will replicate the movement within the red box to oscillate. Whether it can break out like the large rebound after breaking the red box on the left depends on observing its movement when it reaches the same pattern as on the left.
The above is only personal advice; please follow Sister Lin’s layout for specific guidance.
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