Enze: W-bottom confirmed! The rally for the second wave has begun, and a trading opportunity is approaching.

From the current market situation, the price stabilized after hitting a low of 4402 on February 2nd, then rebounded to around 4900 but faced resistance and pulled back. On February 6th, it tested the bottom again at 4655. This low did not break the previous low, forming a classic W-bottom pattern. The neckline of the pattern can be confirmed at the 4900 level. Currently, the price is at 4965, above the neckline, indicating the pattern is initially valid.

Trading suggestion: Support around the 4900 neckline can be used to position for a potential rally. Focus on the support levels between 4800 and 4700.

Duo Strategy: Enter around 4900-4950, with a stop loss below 4900, and target around 5100-5200.

Add-on idea: Buy around 4770-4800, add more on dips near 4670, with a stop loss below 4650, and target around 5020-5100.

Breakout warning: If it breaks above 5300, continue upward; if it breaks below 4650, wait for a pullback to re-enter.

Note:

The above analysis is Enze's personal view. The market is ever-changing, so please rely on Enze's actual market data!