There are roughly three kinds of retracement: one-third retracement, one-half retracement and two-thirds retracement. Two-thirds retracement is a particularly important retracement area, also known as the maximum percentage retracement. Let's take a look at the recent Shanghai Composite Index, which rebounded from 1664 to 2 100, 2100-(2100-1664) × 33.3% =19533. In June 65438+February 65438+June 2008, the lowest index reached 1907, but it closed at 1975, with a difference of 19, but the trend in the following days was not satisfactory. Then let's look at the support point of semi-retracement: 2100-(2100-1664) × 50% = 1882. The support point of semi-retracement is around1882, but due to the weak market potential, The original support level has become a counter-pressure level, so we can see that the downward gap is 1887 to 1895, but 1887 and 1882 are only five points apart. Finally, look at two-thirds of the support points: 2100-(2100-1664) × 66.7% = 1809, which means that the last support point of this round of rebound is near1809, or it can be.
The above is based on the retracement method to estimate the trend of the market, and the calculation method of individual stocks is the same, but here we must emphasize the retracement of the next two thirds, because there is a bottom line for a stock to rise to the technical form and be "destroyed". The original uptrend line of a stock is the last line of defense for this stock. If even the original uptrend line falls below, the stock will bear completely and enter the downtrend channel. In the same way, if the main force makes a wave of upswing when operating a stock, it will peak and fall back in the short term, and it will eventually rise if it wants to clear the position, but this last line of defense, two-thirds of which is retreated, must be held. If it falls, it will be destroyed if it rises to the technical form. Everyone pushes down the wall, but it is much more difficult to build it again. Because as we all know, when the main force raises the stock price, there must be a number of follow-up orders. If there is no follow-up order, the main force is equivalent to eating all the chips, so the suspected illegal operation will be investigated. Secondly, eating too many potato chips can't spit it out, and it's a waste of effort to get a handling fee. Therefore, to attract followers, the most important premise is that the upward trend cannot be destroyed. If it is completely destroyed, no one will dare to follow suit. At that time, they could only sing and play with themselves to death.
In this case, investors should also be reminded to resolutely avoid stocks with a callback time of more than two-thirds. Even if the main force has sufficient funds to make the stock price rise again, it is best not to touch it, because such a main force trader is disorganized and arbitrary, just like a battlefield general who is born with divine power but lacks wisdom, it is inevitable that he will lose in a daze and finally don't even know how to lose. If retail investors meet such a banker, they will definitely dance with Zhuang. Say so much here, just want everyone to grasp their own initiative, in fact, the initiative is in our hands, what is lacking is that we don't know how to grasp it. I hope the above can help you.
This is what I saw on the Internet, and it's only a numerical difference from yours. You can work it out by applying it.