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 the 4900 level 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. The current price is 4965, which has broken above the neckline, indicating the pattern is initially valid.

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

Duo Strategy: Around 4900-4950, with a stop loss below 4900, targeting 5100-5200.

Additional Buy Ideas: Around 4770-4800, with a retracement near 4670 to add positions, stop loss below 4650, targeting 5020-5100.

Breakout Warning: If it breaks above 5300, continue to look higher; if it drops below 4650, wait for a pullback to re-enter.

Note:

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