On the four-hour chart, one of the key resistance levels is 8845.8. The Hanging Man candlestick pattern has formed, signalling that the market has reached a high-price area and warning of a potential “bearish” reversal, while the downside gap has already confirmed the potential for further downward momentum, as well as the appearance of the Bear Engulfing pattern and Three Black Crows pattern within the 8789.1–8655.5 range with the key level at 8789.1.