Midday Two-Cake Strategy

After the two-cake breaks below 2379, it attempts to rebound and get back above that level, but it fails to successfully reclaim it, and then continues to weaken.
The bullish flag pattern will most likely be broken. Once it breaks, the 2310 support will also be lost in turn, and the price will move to test the previous low at 2281.
If 2281 can hold and form a double bottom, there is still a chance for a reversal. If it directly breaks down, then look toward 2235.
To stop the selloff and rebound, it must break through the flag resistance and stand firm at 2379; otherwise, there is only one path left—continued decline.

Trading suggestions:
Break out with volume above 2360, go long on the right-side momentum; if it breaks and closes back below 2333 with volume, go short, and strictly use stop-loss.
The pullback to 2269 support is effective for going long; if it breaks below 2235, stop-loss.
Short when it touches 2413; if it breaks 2442, stop-loss.

If it holds at 2360 on the hourly timeframe, watch 2397-2435 to the upside.
On the 4-hour timeframe, if it breaks below 2334, watch 2275-2228 to the downside.

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