3.18 Rebound or Trap?

Market Overview [Taogu Ba]
This morning, the market declined, briefly falling below 4029.97. However, driven by the rally in AI hardware, it began a V-shaped reversal near midday, ultimately closing with a long lower shadow and a short body candlestick.
As mentioned in yesterday’s review, the decline at the close was not enough, and the fluctuation range was too narrow. If a rebound starts today, it’s difficult to determine whether this is part of a C4 wave or a C32 wave.
Therefore, today’s rebound may simply be a left-side bottom-fishing rally triggered by the three consecutive down days, and its validity still needs to be confirmed tomorrow.
Thus, the chart from the day before still remains valid.
Of course, there is still a possibility of continued rebound tomorrow, and it’s fine to wait until it happens to decide on the specific response.