7.14 Tuesday morning market update:

In the early hours, the pattern of “kuang” resumed again, pulling back from around 63,000 to around 61,800. On the daily chart, the incremental gain from the “kuang” pattern closed as a solid bearish candle. It reached near the middle band, then gradually moved below it. On the four-hour timeframe, the bearish side of the “kuang” pattern continued to build incrementally, forming consecutive bearish candles, and is running downward near the lower band. On the hourly timeframe, the “kuang” pattern shrank in volume, forming a small bullish candle with a short upper wick.

Tuesday morning:

For the “kuang” around 62,500–63,000, just look at around 61,500–61,000.

For the “kuang” around 1,790–1,810, just look at around 1,750–1,720.

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