At this time, the market is falling again, and if the price breaks the 1-hour range again in one hour, many friends will inevitably ask, will we still see a second wave Rebound?

At least for now, the answer is affirmative. The current trend, in my opinion, is still a range-bound fluctuation market, and the daily line's stop-loss signal has not been damaged, while the second wave's rebound trend has also not been disrupted.

It was mentioned in yesterday's daily report that the market liquidity yesterday was even lower than on Sunday. Any small positive or negative news could scare the market and accelerate volatility. Of course, at present, it is still in a range-bound oscillation near the upper track of the 4-hour chart.

How can we determine that the logic of the second wave rebound has been broken?

If it falls below the previous low near 111,900 without a recovery, the daily stop-loss signal will be temporarily canceled, and the logic of the second wave rebound will be temporarily overturned.

What about short-term support and resistance?

Short-term support is near 114,000, adjusted the Fibonacci levels, with key support around 112,700.

Short-term resistance, still looking at around 115,400 in the short term.
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