Traders closely watching FIL recently have surely felt it—the recent correction a couple of days ago was indeed nerve-wracking. Many community members are debating whether to exit the market, whether the trend will continue to decline, and some are even eager to short aggressively. However, a careful technical analysis shows that this wave of decline has already sent enough signals.

Structure and patterns do not lie. On the four-hour chart, this correction appears to be essentially complete in terms of overall trend. More importantly, from yesterday to today, a classic bullish engulfing pattern has formed consecutively—this pattern has strict conditions: there must be a clear downtrend beforehand, the second large bullish candle must fully engulf the previous bearish candle, and the close must hold above a key support level. Looking at the four-hour chart, all these conditions are met. To some extent, this is like the bearish momentum being exhausted, and the bulls counterattack with a heavy punch, directly locking in the situation.

Refining to the 30-minute level, some may ask, "Why don’t we see divergence signals?" There is actually a key point in Chan theory: not all reversals require divergence to appear. Multi-timeframe resonance is the most reliable signal—when the higher timeframe shows a reversal pattern and the lower timeframe confirms support levels simultaneously, this resonance is enough as an entry signal. The current trend perfectly aligns with this logic.

Based on multi-timeframe structural analysis, the trend-following long positions already have solid technical support. The next rebound strength depends on whether the price can effectively break through previous key resistance levels, but judging by the clarity of the signals, the story of decline is essentially over.