The current trend is in a narrow range fluctuation and a reversal window. In the short term, it is biased downward, but the medium-term structure has not been broken. It is in a narrow range fluctuation and a reversal window. In the short term, it is biased downward, but the medium-term structure has not been broken.

EMA20 (3190) remains a key support in the medium term. The price is hovering between the EMA7/30 moving averages, and the short-term direction is unclear; below, 3250-3260 is a dense trading area and a resonance support with the daily MA60. Holding this level means the bullish structure remains intact. Recently, volume has significantly decreased, participation during oscillation periods is low, and any volume breakout is likely a false breakout. Caution is advised against false signals of either bullish or bearish traps.
Stabilizing around 3188 with a reversal signal, a light position can be taken for a long, targeting 3274-3312. If broken, watch for 3350-3400.