The large pancake has a clear double bottom pattern, firmly holding the 83000 line, and the candlestick is hard to break through, existing like an impregnable fortress, relying on the moving averages to continue looking at the 87000 line!
This is how trading works; if the direction is right, the rest is just patience. Hasty actions won't yield results; the market needs to build momentum and won't take off directly!
From a four-hour structure perspective, the bottom signal is clear, the moving averages show signs of turning upward, at least pausing on the downward trend. The strong bullish candlestick rises, while the candlestick consistently holds above 83000, which is the bottom line for bulls, so we continue to look at the 87000 line!
Wednesday's large pancake afternoon insights:
Buy on the pullback at 83350-83000, targeting the upper range of 86500-87000!
