The midday market saw a large drop to around 107200, with the peak volume falling back to around 103600, and the index retreating from around 3650 to around 3460. The peak volume continues to increase.
From the current four-hour structure, the market shows a bearish increase in the downward trend with two consecutive bearish candles, operating below the lower band. The hourly structure indicates a gradual decrease in volume, with support around 103000 and resistance around 105500 and 106500. In the short term, the downward focus is around 103400.
Evening operation:
The large handle pulls back to around 103300-103000, looking towards around 105000-105300.
The posture looks to buy near 3470-3450, aiming for the range of 3535-3555.
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Evening market on Tuesday, November 4th:
The midday market saw a large drop to around 107200, with the peak volume falling back to around 103600, and the index retreating from around 3650 to around 3460. The peak volume continues to increase.
From the current four-hour structure, the market shows a bearish increase in the downward trend with two consecutive bearish candles, operating below the lower band. The hourly structure indicates a gradual decrease in volume, with support around 103000 and resistance around 105500 and 106500. In the short term, the downward focus is around 103400.
Evening operation:
The large handle pulls back to around 103300-103000, looking towards around 105000-105300.
The posture looks to buy near 3470-3450, aiming for the range of 3535-3555.