Evening Two-Biscuit Thinking

Two-biscuit's rally in the early session today looked fierce, but in fact, it was false strength.
After a rapid surge, it quickly pulled back, clearly showing that the bulls lack sufficient momentum.
The subsequent two rebounds saw progressively lower highs, with the last push forming an isolated high, indicating significant resistance at the upper boundary of the triangle.

Key point: None of these upward attempts resulted in a real body candlestick closing above the triangle's upper trendline, so-called strong momentum cannot be justified.
Do not blindly chase after large bullish candles; always observe the closing position of the candlestick.

For Two-Biscuit to truly strengthen, it must break through 2009 with increased volume and simultaneously break the triangle's resistance. Only then can there be a chance to reach around 2046; otherwise, the upward movement cannot be considered reliable.
Currently, there are no signs of a breakout, and there is a risk of breaking down.
Once the lower boundary of the triangle is broken, the previous low of 1966 is unlikely to hold, and a direct move toward 1928 is expected.

Trading suggestions:

• Break above 2011 with volume → Enter long on the right side to catch the rebound

• Break below 1992 with volume → Enter short on the right side following the trend
Closely monitor volume at all times, strictly adhere to stop-loss rules.

Target zones:

• Break above 2011 → Aim for 2046–2092

• 4H breakdown below 1990 → Target 1936–1908