Evening Stance

The central axis of the box in the stance has been broken. Until it is reclaimed, we can only see a sideways downward movement. When the stance can regain above the box's central axis, we can look for a sideways upward movement. If the box is not broken downward, it will continue to oscillate around the central axis and the lower boundary of the box, within the range of 2936-2900.
Only when the box is broken downward can the decline continue, pointing towards the position indicated by the red arrow. Currently, on the hourly level, the high points of the stance are continuously decreasing. No lower lows have appeared yet. If a correction causes the low at 2886 to be broken and a lower low is created, a waterfall correction will follow.

A breakout above 2945 in the stance signals a buy; pay attention to volume changes and keep your paper tools ready.
On the hourly level, if the stance stabilizes above 2955, look upward towards 2988-3019. Without breaking 2955, it cannot rise further.
On the 4-hour level, if it breaks below 2908, look down towards 2859-2790. Breaking 2908 and 2859 may not necessarily hold.

On the daily level, regardless of how the stance retraces, as long as it does not break the key level of 2821 I mentioned, there are no major issues. Once it breaks below 2821 on the daily chart, the current bullish trend will be broken. How low it can go is unpredictable. Everyone should pay attention to the 2821 level on the daily chart. If the daily closing price falls below 2821, the decline will accelerate.
🎉 Merry Christmas to all students!
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