Regarding the level of the market, friends have been asking, "What is the current monthly level increase? What do you mean this is a weekly decline? " Baidu also specially looked at it, and no one or book really gave a clear conceptual explanation. Let me give a clear definition of the ups and downs of the market:

The rise and fall of the daily level refers to the observation of the market by the daily line. Only when the market rises and falls for at least one day, that is, more than 1 trading day and less than 5 trading days, can it be called the rise and fall of the daily line, which is a big adjustment in the weekly upward trend or a Big bounce in the weekly downward trend.

The rise and fall of weekly level refers to the observation of weekly market. Only when the market rises and falls for at least one week, that is, for more than 5 trading days and not more than 20 trading days, can it be called weekly level rise and fall, which is a big adjustment in the process of monthly upward trend or a Big bounce in the process of monthly downward trend.

The rise and fall of the monthly line level is to observe the market with the monthly line. Only when the market rises and falls for at least one month, that is, more than 20 trading days and no more than 60 trading days, can it be called monthly level rise and fall, which is a major adjustment in the operation of seasonal upward trend or a Big bounce in the process of seasonal downward trend. Generally speaking, there are fewer users of the seasonal line, so the monthly level is sometimes mixed with the seasonal level, because the adjustment of 60 trading days constitutes a larger band, and traders rarely use the hierarchical trading system, and only use the larger level system when making ultra-long-term forecasts.

The above is a simple definition of time hierarchy. The reason why it is a simple definition is because the rings in the time zone are connected in the ups and downs zone. When the boundary is blurred, a more complicated definition is needed. For example, when weak rise and strong fall are connected, the main structure of the market cannot be distinguished by simple definition. We just want to better understand the content of the blog post, a simple definition is enough, and there is another way to define the price level. If it is used in the article, we will explain it.

Looking at the definition of the level, I define this decline as the weekly level, which shows that there is little room for manoeuvre in the price fluctuation of the market on the weekly line compared with large-scale funds.