One Hour Level:

After the top arc breakout at the one hour level

From the neckline position 95700 to 91500 completed the first segment of an equidistant decline

Yesterday, the overall decline has already completed the first segment of an equidistant rise

After the price retraced to around 90800, it formed a severe oversold condition

Then quickly formed a strong rebound, and after being oversold, there is a high probability of forming a new upward phase

This means that the daily level pullback and the end of the small level bearish trend

I personally believe that this downward trend has high probability of having ended.