K xiàn tú

English: candle charts

■ What is a k-line chart?

a k-line records the price changes of the stock in one day. Putting the daily K-lines together in chronological order constitutes the historical changes of stock prices, which is called the K-line chart. K-line graphically represents the process of increase, decrease and transformation of the power of buyers and sellers and the actual combat results. After nearly a hundred years of use and improvement, K-line theory has been widely accepted by investors.

K-line, also known as candle chart, is said to have originated from rice market in Japan in the 18th century. At that time, Japanese rice merchants used it to indicate the change of rice price, and then it was widely quoted in the stock market and futures market because of its unique plotting method. It is based on the opening price, the highest price, the lowest price and the closing price of each trading day (or each analysis cycle). The structure of K line can be divided into three parts: upper shadow line, lower shadow line and intermediate entity.

K line is a columnar line, which is composed of shadow lines and entities. The rectangle in the middle is called a solid, the thin line above the solid is called an upper shadow, and the lower part is called a lower shadow. The entity is divided into positive and negative lines.

K-line can be divided into daily K-line, weekly K-line and monthly K-line, and minute line and hour line are also commonly used in dynamic stock analysis software. K-line is a special market language, and different forms have different meanings.

K-line chart is intuitive, stereoscopic and informative, and contains rich oriental philosophical thoughts. It can fully show the strength of stock price trend, the change of power balance between buyers and sellers, and accurately predict the market outlook. It is a technical analysis method widely used by various media and computer real-time analysis systems.

The K-line graphically shows the increase, decrease and transformation process of the strength of buyers and sellers and the actual combat results. After nearly a hundred years of use and improvement, K-line theory has been widely accepted by investors.

When the closing price is higher than the opening price, the entity part is generally painted in red or blank, which is called "positive line"

When the closing price is lower than the opening price, the entity part is generally painted in green or black, which is called "negative line"

Advantages

It can fully and thoroughly observe the real changes in the market. From the K-line chart, we can not only see the trend of stock price (or market), but also understand the fluctuation of daily market conditions.

Disadvantages

(1) The drawing method is very complicated, which is one of the most difficult charts to make.

(2) There are many changes in the negative line and the positive line, so it is quite difficult for beginners to master the analysis, which is not as simple and easy to understand as the bar chart.

Characteristics of K-line chart

K-line chart originated in Japan, and was used by traders in Japanese rice market at that time to record the market and price fluctuation of rice market. Later, it was introduced to the stock market and futures market because of its exquisite and unique plotting method. At present, this chart analysis method is particularly popular in China and even the whole Southeast Asia. Because the chart drawn in this way looks like candles, and these candles are black and white, it is also called yin-yang line chart. Through the K-line chart, we can completely record the daily or periodic market performance. After a period of trading, the stock price forms a special region or form on the chart, and different forms show different meanings. We can find out some regular things from these morphological changes. The form of K-line chart can be divided into reverse form, arrangement form, gap and trend line.

Drawing method of stock K-line chart:

The daily K-line chart is drawn continuously with trading time as abscissa and price as ordinate.

The columns in the K-line chart can be divided into positive and negative lines. Generally, the red column represents the positive line and the black column represents the negative line.

if the closing price in the time period indicated by the bar is higher than the opening price, that is, the stock price rises, the bar is painted in red, otherwise it is painted in black. If the opening price is exactly equal to the closing price, a crosshair is formed.

k-line chart indicator:

Doji

The name of candlestick line that can provide its own information and has many important patterns. When the market opening price and closing price are equal, the candle body is the smallest and Doji is formed.

hammer

The price pattern of candlestick chart appears when the market transaction price is significantly lower than the opening price, but then rises again on the same day, and the closing price is higher than or close to the opening price. This pattern forms a hammerhead-shaped candlestick.

inverted hammer

The price pattern in the candlestick chart appears in the case that the securities trading rose significantly after the opening, but at the closing, it was far from the highest point and lost most of the gains of the day. Gravestone)-a rising market gap that opened higher than the closing price of the previous trading day. It will go to a new high, and then lose its strength to close near the lowest price, which is a bear market momentum. The opening price of the entity below Shooting Star in the next trading day will confirm the reversal of the trend. If the opening price and closing price are the same, the indicator is considered as a tombstone doji. Gravestone Doji is more reliable than Shooting Star mode.

Shooting Star

A candlestick reflecting a reversal. Before the stock price was at a high level, the candle was very big. The opening price of the day when the shooting star phenomenon occurs (usually) will be higher than the closing price of the previous day, then the stock price will climb to a high point, but finally close at a price lower than the opening price.

Three white soldiers

white soldiers are the reversal mode of bull market, forming three consecutive long white candles. After a period of decline, Bai Sanbing mode indicates the change of market mentality and the reversal trend from bear market to bull market. There is no doubt that the bull market is confirmed, and sometimes the reversal will form a price support level.

Three black crows

The bear market reversal mode consists of three consecutive black candles. It opens higher than yesterday's lowest price every day, but closes lower than yesterday's lowest price.

Judgment method:

1. Single-day K-line form

The uniqueness of the K-line chart is that the strength of the market can be preliminarily judged by using the single-day K-line form

Here are several basic K-line forms for reference only:

Dayang Line (Changhong Line): The opening price is near the lowest in the whole day, and then the price rises all the way to the highest price to close, indicating that the market buyers are enthusiastic. The rising trend is not complete

big yinxian line (long black): the opening price is close to the highest price in the whole day, and then the price falls all the way to the lowest price, indicating that the market is in a strong decline, especially in the high-priced area, which is more dangerous

Lower shadow yangxian line: the price once fell sharply, but supported by buying forces, the price rose again and closed at the highest price, which is a strong form

. However, when the high-priced area appears, it shows that the price has a callback requirement, so we should pay attention to selling < P > Shangyingyangxian: the price is higher than the opening price, but the gains are blocked. Although the closing price is still higher than the opening price, there is resistance at the top, which can be regarded as weak < P > Shangyingyinxian: the price is higher than the opening price, but there is resistance at the top, which can be regarded as weak < P > Xiacrosshair. When the long shadow line appears in the low-priced area, it is often an important reversal signal < P > inverted cross line: after the price surged, it encountered strong resistance at the high position and was finally forced to close near the opening price. Although there is a desire to attack, but the market has repair requirements, weak. When the inverted cross appears in the high-priced area, it is often an important change signal < P > Cross star: the buyers and sellers are evenly matched and the trend is stable; However, in a strong city, the cross star often becomes the intersection of market strength conversion, and the market outlook may change.

word line: the four-price-in-one K line reflects that the market turnover is light and it is difficult to have a big change in the market outlook; However, if it appears at the daily limit (down limit), it shows that the power gap between buyers and sellers is too great, and the direction of the market outlook is clear, which is difficult to reverse in the short term.

Two-day and two-day K-line combination

By observing the K-line pattern for two consecutive days, and combining the current position with whether it is a high-priced area or a low-priced area to measure the market, the reliability is higher

High-level reversal pattern:

Yesterday, the cross line was closed, and the bullish upside was blocked; The next day, it opened higher and went lower again, and finally closed near yesterday's closing price, indicating that the competition between long and short positions was fierce and the selling pressure at the top was heavy. We should pay close attention to the market outlook and pay attention to the delivery < P >. Yesterday, the cross line was closed, and the price showed signs of reversal. The next day, it opened below yesterday's closing price, then the price went down all the way, and finally closed at the negative line, indicating that the empty side took the initiative, which indicates that the market turned down. It should be noted that the shipment was < P > yesterday, and the buyer was in full swing; After opening higher the next day, many parties were unable to take advantage of the trend and fell sharply below yesterday's closing price, so the market weakened; This pattern appears after high consolidation, so we should beware of the banker ship pulled < P > closing the Zhongyang line yesterday, and the buyer is in full swing; The next day, the upside was blocked again, and it finally closed at the negative line, but it was still above yesterday's closing price, indicating that the long and short battles were extremely fierce and the bulls were better. We should pay close attention to the changes in the market outlook

low reversal pattern:

Yesterday, the cross line was closed, indicating that the buying below was positive, and the price stopped falling and stabilized. After the opening the next day, the price continued to rise, and finally closed at Xiaoyang line, so the bulls' confidence increased and the price rebounded soon. This combination appeared in the low-priced area, and it was a standard rebound pattern < P >. Yesterday, the short position was fierce, and it opened sharply the next day. However, the buyer actively entered the market at the low position, instead of falling, it rose, and finally closed on the positive line, which was higher than yesterday's closing price, indicating that the short position was weak and the price was likely to rebound < P >. Yesterday, the short position was strong, but the price opened sharply the next day, and the price was all the way. It shows that many parties have won a great victory, and the market outlook is expected to strengthen

Note:

There are many combinations of K-lines, and their meanings are different, which should be analyzed according to different price levels and their changing trends. Parameter setting can be combined with other auxiliary indicators (such as moving average, SAR, transaction accumulation) to judge the K-line chart.

The K-line chart is intuitive, stereoscopic and informative, and contains rich oriental philosophical thoughts, which can fully show the strength of stock price trends, the changes in the balance of power between buyers and sellers, and accurately predict the market outlook. It is a technical analysis method widely used by various media and computer real-time analysis systems. The recording method is as follows: (as shown in the figure) PS In order to modify my picture conveniently, I will use the website address instead of interested ones, and I can go and see it myself

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. The daily K-line is based on the four price points formed by the daily trend of the stock price (index), namely, opening price, closing price and highest price.

1. When the closing price is higher than the opening price, the opening price is lower than the closing price, and the rectangular column between them is drawn in red or hollow, which is called the positive line; The highest point of the upper shadow line is the highest price, and the lowest point of the lower shadow line is the lowest price.

when the closing price is lower than the opening price, the opening price is lower than the upper closing price, and the rectangular column between them is drawn in black or solid, which is called negative line, with the highest point of the upper shadow line being the highest price and the lowest point of the lower shadow line being the lowest price.

2. According to the calculation cycle of K-line, it can be divided into daily K-line, weekly K-line, monthly K-line and annual K-line.

weekly K-line refers to the K-line chart drawn with the opening price on Monday, the closing price on Friday, the highest price and the lowest price in the whole week. The monthly K-line is based on the opening price of the first trading day of a month, the closing price of the last trading day and the highest and lowest prices of the whole month. Similarly, the definition of annual K-line can be deduced. Weekly K-line and monthly K-line are often used to judge the mid-term market. For short-term operators, the 5-minute K-line, 15-minute K-line, 3-minute K-line and 6-minute K-line provided by many analysis software also have important reference value.

3. According to the fluctuation range of opening price and closing price, the K-line can be divided into extreme yin, extreme yang, small yin and small yang, middle yin and middle yang, big yin and big yang. Their general fluctuation range (as shown in the figure).

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The fluctuation range of the polar negative line and the polar positive line is about .5%;

The fluctuation range of the small Yinxian and Xiaoyang lines is generally .6-1.5%;

Generally, the fluctuation range of the Yinzhong line and Zhongyang line is 1.6-3.5%;

The fluctuation range of Dayin line and Dayang line is above 3.6%.

4. The formation process and different meanings of several typical single-day K-line charts are illustrated with time-sharing charts with trading volume. The time-sharing chart records the all-day trend of the stock price. Different trends form different kinds of K-lines, but the same K-line has different meanings because of different stock price trends.

a. xiaoyangxing:

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The stock price fluctuated very little throughout the day, and the opening price was very close to the closing price, which was slightly higher than the opening price. The appearance of Xiaoyangxing indicates that the market is in a chaotic stage, and the rise and fall of the market outlook is unpredictable. At this time, we should make a comprehensive judgment according to the shape of its early K-line combination and the price region at that time.

B. xiaoyinxing:

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xiaoyinxing's time-sharing chart is similar to xiaoyangxing's, but the closing price is slightly lower than the opening price. It shows that the market is weak and the development direction is unknown.

C. Xiaoyangxian:

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Its fluctuation range is small, Yangxing increases, bulls have the upper hand slightly, but the upside is weak, indicating that the market development is confusing.

D. Hanging Yang Line:

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If a hanging Yang line appears in the low-priced area, as shown in the figure, the stock price shows that the trading volume shrinks during the bottoming process, and with the gradual increase of the stock price, the trading volume enlarges uniformly, and finally closes at the Yang line, indicating the stock price in the future.

If there is a hanging line in a high-priced area and the stock price goes out of the shape shown in the figure, it may be that the main force is in ship pulled, so you need to pay attention. E. Lower shadow line:

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Its appearance shows that the attacks of many parties in the long and short battles are calm and powerful, and the stock price first falls and then rises, and the market has the potential to rise further.

F. Upper shadow positive line:

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It shows that the upper throwing pressure is heavy when many parties attack. this