After the washout, the market quickly rebounded. It is currently stabilizing at 97,000. This significant drop and washout is either a preparation for the next rise or an indication that the rise has ended.

In my opinion, this washout will not have a major impact on the subsequent rise. Although this washout has caused the panic level to increase, making many people hesitant to enter the market, I see it as an opportunity.

This drop has actually provided many who missed the entry point with an opportunity to enter the market. As the saying goes, a pullback is a chance to go long. After such a significant drop in the morning, the market will surely fill the gap during the day.