The current trend of Erbing, to be honest, talking about it is like talking to a wall.
It's been grinding back and forth in the box, drawing a circle and can't even get out of it.
The hourly chart is about to form an M head, with the neckline around the lower edge of the box near 2911.
If this position really breaks down, the previous low of 2875 definitely won't hold, and it's likely to drop down to around 2836.
The current situation is either break or stand still.
Either break through 2942 with volume, and then you can follow the long position on the right side, aiming for 2975-2994.
Or if it breaks 2920 with volume, then you have to consider chasing the short, looking down at 2858-2810.
As long as it is still shaking in this box, don’t mess around blindly. This kind of high overlap candlestick has too little operational space, and overtrading can easily lead to losses.
Looking at a larger cycle, the 4-hour chart shows it more clearly:
Drop for a while, consolidate for a while, then drop again, and now it's consolidating again.
The market has inertia, and most people follow this inertia.
Unless it can stabilize above 2973, otherwise this consolidation is likely to continue downward.
So, don't rush, patiently wait for it to choose a direction by itself.
The market won't run away, but your capital will @顶级带单飞哥
