The large pancake is mainly consolidating horizontally on the short-term chart, with the horizontal support level around 110500, temporarily correcting based on the support at 110500.

The 4-hour indicators show signs of a continued pullback, and the 4-hour formation is in a horizontal ascending pattern with support around 110500.

There are signs and possibilities of continued upward movement on the 4-hour chart, and the correction will continue. Overall, the support level is suitable for low long positions!

Buy at 110500, target 117000