No matter how long you grind the big pancake, it can't cover up this short-term opportunity!
The daily chart for the big pancake is still moving within a range, and the structure is getting narrower, a typical "grinding time, grinding emotions". As we enter the weekend, the market is starting to become sluggish. In short: it's unrealistic to expect a direct breakout in the short term.
But don't forget, in a volatile market, smaller timeframes are where the hunting happens. If you open the smaller time frame charts, you'll find that as long as the rhythm of entry and exit is correct, you can clearly capitalize on small waves.
On the other hand, for the second pancake, the 4-hour chart has begun to follow the big pancake and form an M structure. The pullback during the early hours provided a very nice entry point for short-term trades. Now, with limited space below, we expect a slight rise in the afternoon.
Trading recommendations:
Big pancake: Buy around 102800-102900, target at 104500
Second pancake: Buy around 2460-2480, target at 2580
