2026-01-20 01:00:40

The market faced resistance above in the early morning and continued to decline from around 93,300 to about 92,100. Currently, the daily chart shows a five consecutive bearish candles with a head and shoulders pattern, touching the middle band and gradually forming a downward crossover. The four-hour timeframe shows a decrease in volume during the head and shoulders pattern, with a gradual downward trend. The hourly timeframe indicates a shrinking bullish momentum, forming a crossover near the lower band. Overall, the market remains in a wide-range oscillation, without breaking below support levels, with low participation during the day.

Tuesday morning:

The market is around 92,300-92,000, with targets near 93,500-94,000.

The range is around 3,165-3,145, with targets near 3,220-3,245.

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