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Double Candle Analysis
The 1-hour cycle of the Double Candle strongly rallied from a low of 2060.24, reaching a high of 2273.87 before quickly pulling back. In the short term, it has entered an overbought correction phase, with a clear bearish signal. Currently, the price is touching the upper Bollinger Band and facing resistance, with the upper band acting as a significant barrier. A stagnation candle appears at the high, indicating that bullish momentum is continuously weakening. The recent rally has been substantial, and technical indicators suggest a strong correction is needed. A strong resistance zone is forming between 2250 and 2275.
Trading suggestion: Range between 2260-2300, with targets at 2180-2100.
Recent news has been frequent; specific operations should follow the market conditions!