Similar to the last drop, we are now in the 4-hour consolidation of the 11th segment, so this time the high short position can be held for a little longer.
The subsequent trend is generally divided into two categories.
The first is if the daily line pierces back at 1750, then we start a weekly upward movement, and the focus can be on low longs.
The second is if the daily line confirms a break below 1750, then we can wait for a 4-hour rebound to continue the high short position, likely going to 1450, and then build a new consolidation range, which will consolidate here for a few months.
This current range is about to finish consolidating, and we are about to enter a new wave of trends. Those who trade in fluctuations can close positions and wait for the next range; otherwise, they will only face deep losses and liquidation.