K-line chart, which originated in Japan, was used by Japanese rice market businessmen to record the rice market and price fluctuation at that time, and was later introduced into the stock market and futures market because of its ingenious and unique drawing 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, you can completely record the market performance every day or for a certain period of time.

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 some regular things from these morphological changes. The forms of K-line chart can be divided into reverse form, arrangement form, gap and trend line.

1, drawing method

First of all, we find the highest price and lowest price of the day or a certain period of time and connect them vertically into a straight line; Then find out the opening price and closing price of the day or a certain period of time and connect the two prices into a long and narrow rectangular column. If the closing price of the day or a certain period of time is higher than the opening price (that is, lower prices and higher prices), we will show it in red, or leave a blank on the column, which is called "positive line". If the closing price of the day or a certain period of time is lower than the opening price (that is, high opening and low going), we will use blue to represent it, or paint the column black, and this column is the "negative line".

2. Advantages

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

3. Shortcomings

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

(2) There are many changes in the line of Yin and Yang, so it is difficult for beginners to master the analysis, which is not as simple and easy to understand as a histogram.

Second, the significance of analysis

Because there are many changes in "Yin-Yang Line", "Yin-Yang Line" and "Yang Line" contain many changes of different sizes, so it is necessary to discuss the significance of their analysis.

Before discussing the analytical significance of "yin-yang line", let's first understand the names of various parts of the yin-yang line.

Let's take Yangxian as an example. The part between the highest price and closing price is called "upper shadow", the opening price and closing price are called "entity", and the opening price and lowest price are called "lower shadow".

1, Long Red Line or Dayang Line?

The figure shows that the highest price is the same as the closing price, and the lowest price is the same as the opening price. There is no shadow line up and down. From the beginning of the opening, the buyer actively attacked, and there may be a struggle between the buyer and the seller, but the buyer went all out until the closing. The buyer always has the advantage, which makes the price rise all the way until the close. Represents a strong rebound, the stock market is at a climax, and buyers flock in and buy at unlimited prices. People who hold stocks are reluctant to sell because of their strong purchasing power, and the supply exceeds the demand.

2. Long black line or big negative line?

The figure shows that the highest price is the same as the opening price, and the lowest price is the same as the closing price. There is no shadow line up and down. From the beginning, the seller had an advantage. The stock market is at a low ebb. Those who hold stocks sell stocks without price restrictions, causing panic. The market is one-sided, and the price has been falling to the close, showing a strong decline.

3. First fall and then rise.

This is a red entity with hatching. The highest price is the same as the closing price. After the opening, the selling price was sufficient and the price fell. However, with the support of the buyer's low price, the seller was frustrated, and the price pushed higher than the opening price, rising all the way to the close, and closing at the highest price. Generally speaking, it is a pattern of falling first and then rising, and the buyer's power is greater, but the length of the entity part and the shadow line is different, and the power contrast between the buyer and the seller is also different.

The solid line is longer than the shadow line. The price didn't drop much, but it was supported by the buyer and the price was pushed up. After breaking the opening price, it has been greatly improved, and the buyer has great strength.

The real part is equal to the shadow line, and the struggle between buyers and sellers is fierce, but on the whole, the buyer has the advantage and is beneficial to the buyer.

The solid line is shorter than the hatched line. On the low price, buyers and sellers launched a fierce competition. If there is buyer's support, the price will be pushed up gradually. However, it can be found from the figure that the upper entity part is small, indicating that the buyer's advantage is not too great. If the seller tries his best to fight back the next day, the buyer's entity will be easily captured.

4. Anti-fall type

This is a black entity with hatching, and the opening price is the highest price. As soon as the market opened, the seller's efforts were particularly strong, and the price dropped, but he met the support of the buyer at a low price. The market outlook may rebound. The length difference between the solid line and the shadow line can also be divided into three situations:

(1) The throwing pressure of the solid part is greater than the shadow line. It was greatly suppressed as soon as it opened. At the low point, buyers and sellers encounter resistance, and the shadow line is short, indicating that the buyer has not pushed the price up much. Generally speaking, the seller has great advantages.

(2) The entity part is equal to the shadow line, which means that after the seller lowers the price, the buyer's resistance is also increasing, but it can be seen that the seller still has the advantage.

(3) The solid part is shorter than the shadow line. The seller kept the price down all the way. When the price was low, the buyer met with stubborn resistance and organized a counterattack, gradually pushing up the price. Although the deal was finally made in Hei Bang, it can be seen that the seller only took a small advantage. In the market outlook, it is likely that the buyer will fight back with all his strength and eat all the little black entities.

5. Rising resistance

This is a red entity with a shadow. The opening price is the lowest. At first, the buyer was strong and the price pushed up all the way, but at high prices, the pressure from the seller prevented the stock price from rising. The struggle between the buyer and the seller resulted in the buyer being slightly better. The specific situation still depends on the length of the entity and the shadow line.

The red entity is longer than the lower shadow line, indicating that the buyer encountered resistance when the price was high, and some bulls took profits. However, the buyer is still the dominant force in the market, and the market outlook continues to be bullish.

The entity is as long as the shadow line, and the buyer pushes up the price, but the pressure on the seller is also increasing. As a result of the struggle between the two sides, the seller pushed the price back to half, although the buyer had the advantage. But obviously not as big as its advantages.

The primitive is shorter than the hatch. When the price is high, the buyer is severely tested by the seller's pressure and the seller's comprehensive counterattack. Most short-term investors have made profits, and after the battle that day, the seller has recovered most of the lost ground. A small fortress (entity part) of the buyer will soon be eliminated. If this K line appears in the high-priced area, the market outlook will be bearish.

6. Go up first and then down.

This is a black entity with a shadow. The closing price is the lowest price. As soon as the market opened, the buyer went to war with the seller. The buyer gained the upper hand and the price went up all the way. However, in the case of high-priced selling pressure resistance, the seller organized forces to fight back and the buyers retreated. Finally, when the price is the lowest, the seller takes the advantage and exerts his strength, so that the buyer is trapped.

There are three specific situations:

(1) The black entity is longer than the hatched line, indicating that the buyer did not push up the price much, and was immediately strongly countered by the seller, which pushed down the price by a big margin after breaking through the opening price. The seller is particularly powerful and the situation is favorable to the seller.

(2) The black entity equals the shadow line, and the buyer pushes up the price; But sellers are stronger and more active. The seller has an advantage.

(3) Black entities are shorter than hatched lines. Although the seller has lowered the price, the advantage is less. If you enter the market tomorrow, the buyer's forces may fight back again, and the black entity is likely to be captured.

7. Reverse tentative type

This is a red entity with shadows at the top and bottom. After the opening, the price fell. When the buyer supports it, after the two sides fight, the buyer is strong and pushes up the price all the way. Before the closing, some buyers took profits and closed at the highest price. This is a reverse signal. If it appears after the surge, it means that it is a high shock. If the turnover increases greatly, the market outlook may fall. If it appears after the plunge, the market outlook may rebound. Here, the difference between upper and lower shadow lines and entities can be divided into many situations:

(1) Red entity with upper shadow line longer than lower shadow line: further divided into: the shadow line part is longer than the red entity, indicating that the buyer's strength is frustrated. The red entity is longer than the shaded part, which means that despite the setbacks, the buyer still dominates.

(2) The red entity whose lower shadow line is longer than the upper shadow line can also be divided into the part where the red entity is longer than the lower shadow line, indicating that the buyer is still in the initiative despite setbacks. The shaded part is longer than the red entity, indicating that the buyer still needs to test.

8. Pop-up exploration type

This is a black entity with shadow lines from top to bottom. In the process of trading, the stock price sometimes strives for the upper reaches after the opening. With the strengthening of the seller's strength, the buyer was unwilling to chase after the high price, and the seller gradually took the initiative, and the stock price reversed, trading at the opening price, and the stock price fell. When the buyer supports at a low price, the buying gas turns stronger and will not close at the lowest price. Sometimes, the stock price is lower than the opening price in the first half, and the buying intention increases in the second half, and the stock price returns to higher than the opening price. Before the closing, the seller took advantage and closed at a price lower than the opening price. This is also a reversal temptation. If it appears after the plunge, it means a low-level undertaking and the market may rebound. If it appears after the surge, the market outlook may fall.

9, cross line type

This is a kind of figure with only upper and lower shadow lines and no entity. The opening price is the closing price, which means that the stock price is higher or lower than the opening price, but the closing price is equal to the opening price. The buyers and sellers are almost evenly matched.

Among them: the longer the upper shadow line, the heavier the throwing pressure. The longer the shadow line, the stronger the buyer. The upper and lower shadow lines seem to be cross lines of equal length, which can be called turning lines. At high or low prices, it means reversal.

10, "┴" graph

Also known as the empty winning line, the opening price is the same as the closing price. All the transactions of the day were concluded at a price higher than the opening price, and closed at the lowest price of the day (that is, the opening price), indicating that although the buyer is strong, the seller is stronger and the buyer is unable to rise further. Generally speaking, the seller has a slight advantage. For example, in high-priced areas, the market may fall.

1 1, T-shaped graph

The word "T" is also called a win-win line, and the opening price is the same as the closing price. The day's trading closed at a price lower than the opening price, and the highest price of the day (that is, the opening price) closed. Although the seller is strong, the buyer is stronger and the situation is favorable to the buyer. For example, in low-priced areas, the market will pick up.

12, "integrated" graphics

This comparison is unusual, that is, the opening price, closing price, highest price and lowest price are all at the same price. It just seems that the transaction is very deserted, and there is only one price for all-day trading. This situation of unpopular stocks is relatively easy to happen.

Third, the potential form analysis of K-line

The line trend pattern is based on the daily chart, the market changes in three to five days, and the analysis of the future stock price trend is also based on the short-term market changes, but it must be analyzed and understood in the long-term market.

(A), the upward trend of the market

1, two stars

The polar line in the rising market is called two-star Samsung. At this time, if the stock price rises and the trading volume is enlarged, it is a buying opportunity with high credibility, and the stock price will definitely have another wave of rising prices.

Step 2 jump

In the rising market, a negative line appears immediately after a positive line is pulled out, which is a precursor to the accelerated rise of stock prices. Investors don't need to panic to sell shares, and the stock price will continue to rise in the previous wave.

3. Downward negative line

On the way up, as shown in the figure, there are three consecutive negative lines, which is a good opportunity to undertake bargain hunting. When the positive line on the fourth day exceeds the opening price of the previous day, it means that buying is stronger than selling. In order to raise the stock price, you should buy it immediately.

4. Upshifts and Hovering

As the stock price rises with the strong Dayang line, it will be slightly sorted at a high level, that is, waiting for a large number of hands to change. With the expansion of trading volume, we can judge another wave of gains. The consolidation period of the last shift is about 6 days to 1 1 day. If the cycle is too long, it means that the rise is weak.

5, side by side Yang line

In the continuous upward trend, one day there is a positive line, and the next day there is a positive line almost side by side with it. If it opens higher every other day, you can expect a big market.

6, beyond the coverage line

If there is a coverage line on the way up, it means that it has reached the sky-high price zone. After that, if there is a positive line of innovative sky-high prices, it shows that the market has signs of turning to buying, and the stock price will continue to rise.

7. Raise the insertion line

The market oscillated higher, and the next day there will be a negative line to cover it and pull out a negative line. This is a short-term retracement, and the stock price will definitely rise.

8. Three big yinxian lines

There are three consecutive big yinxian lines in the falling market, which is a sign that the stock price has been hidden to the bottom. The market will turn to buying, and the stock price will rise.

9. Three lifting methods

In the rising market, three consecutive small yinxian lines behind the Dayang line are a sign that the stock price will rise.

10. Jump the Yinxian upward.

Although this figure does not mean that there will be a big market, it can last for about seven days, which is the buying opportunity.

(B), the rebound line potential market

1, rebound line

In the reserve price circle, when there is a long shadow line in the market, it is often the time to buy. After the buy signal appears, investors can buy, or for safety reasons, they can wait until the market rebounds. If there is no major negative, the market will definitely rebound.

2. Snake line

In the plunge, the cross line appeared at the gap, suggesting that the bottoming has been completed, which is a sign of rebound.

3. The negative line breeds the positive line.

In the falling market, the second day after the big yinxian appeared, the market showed a small yinxian completely contained in the big yinxian, indicating that the selling had been exhausted and there were signs of a turntable, and the stock price would rebound.

4. After five Yinxian, there is a big Yinxian.

When yin and yang alternately pull out five negative lines, a long big negative line appears, which can be judged as "bottoming out". If you open a higher plate every other day, it can be regarded as the beginning of a rebound.

5. Two insertion lines

This chart implies that the bargain-hunting is strong and the stock price is on the rise because of the turntable.

6. The last line of defense

In the continuous decline of the market, a small positive line appeared, and an inclusive big negative line immediately appeared every other day, which means that the bottoming is completed and the market is about to rebound. Although the graphics look weak, the floating code has been used up and the stock price will rebound.

7. Five positive lines are in low gear.

There are five positive lines in the reserve price circle, and the receiving strength is not weak, and the bottom is formed, and the stock price will rebound.

8. Rebound the positive line

Confirm that the stock price has fallen deeply. On a certain day, when there is a positive line in the market, that is, the "rebound positive line", it is a buy signal. If the rebound positive line is accompanied by a long shadow line, it means that the low position has been largely undertaken by the main force and the stock price will rebound.

9. Three empty negative lines

When there are three gaps in the market, it is a strong buying signal and the stock price is about to rebound.

10, three stars in a row.

It is confirmed that the stock price has fallen deeply, and there are three consecutive small negative lines (polar lines) in the gap during the low consolidation, which is a precursor to bottoming out. If the cross line appears on the fourth day and the big Yang line appears on the fifth day, it can be confirmed that the bottom has been built and the stock price has reversed.

(3) Downward trend market

1, covering line

After the stock price rose for several days in a row, it opened higher every other day, and then buying was unwilling to chase after it. The general trend continued to fall, and the closing price fell within the positive line of the previous day. This is the emergence of overbought selling pressure, and a large number of profitable stocks are released, so the stock price will fall.

2. Crosshair

Crosshairs (opening and closing equivalent lines) appear in the high-priced circle, leaving upper and lower shadow lines, of which the upper shadow line is longer. This situation shows that after a period of time, the stock price has risen quite high, and the boost is weak, and it has begun to fall. This is an obvious selling signal.

3. The negative line is bred in a longer positive line.

After a few days of skyrocketing, the opening and closing prices of the day were completely bred in the Dayang line of the previous day, and a negative line appeared, which also represented the lack of rising strength and was a precursor to the stock price decline. If a shadow line is pulled out the next day, it can be judged as a sign that the stock price has plummeted.

4. Yang line is bred in Changyang line.

After the stock price rose for several days in a row, a small positive line appeared the next day, which was completely bred in the big positive line of the previous day, indicating that the rise was weak and was a precursor to the plunge.

5, breeding reticle

That is, today's reticle is completely contained in the Dayang line of the previous day. This state represents the weakening of buying power, the market is about to soften, turn into selling, and the stock price falls.

6. The last line of defense

When the stock price rose for several days in a row, a negative line appeared, and the next day a big positive line was pulled out, completely covering the negative line of the previous day. This phenomenon seems to increase buying, but as long as the market is lower than the closing price of Dayang line every other day, investors should definitely solve the problem. If the next day's market is higher than the closing price of Dayang line, it is likely to become a "covering negative line", so investors should be careful.

7. Gap

The so-called gap means that the two lines of yin and yang are not in contact with each other and there is a space in the middle. After three consecutive gaps appear, selling pressure is inevitable. After the second gap appears, ordinary investors should take profits first to prevent the file from being locked up.

8. The shadow line is too long

The stock price opened at the high end, and the early buying broke out because of profit taking, which made the general trend decline. The low end took on every force, and the stock price climbed again, forming a shadow line three times that of the solid line. This pattern seems to be strong buying, but we should be careful to guard against the main tug. Empty-handed people should not intervene rashly, and investors should sell on rallies.

9. End line

Once this figure appears in the rising market, it means that the rising strength is about to be insufficient, the market will be consolidated, and investors should take profits first. This is also a kind of "barrier eyeliner". Xiaoyang line did not exceed the highest point of the previous day, which proved that the rise was weak and the stock price fell.

10, counterattack along the line

Here, "along the line" refers to two negative lines that appear from high grade to low grade. In order to crack down on the Dayang line in these two Yinxian lines, it seems that buying has increased. However, investors should note that this is only a "barrier eyeliner", and the main force is pulling the boat, which is also a rare escape line for investors. Therefore, it is advisable to sell stocks.

1 1. Skip word lines.

The market jumped into a cross line, but the next day it jumped and pulled out a negative line, suggesting that the market was about to plummet. At this time, the stock price has risen a lot, and it is unable to rise any more, so that it jumps. In order to sell the signal, in this case, the transaction volume tends to decrease.

12, notch breeds reticle.

When the stock price rises with a gap, three big yangxian lines are pulled out, and then a cross line appears, indicating that the increase is too large, buyers are unwilling to chase after the high, and investors are out one after another. This is also a once-in-a-lifetime opportunity for short sellers, and the stock price will plummet.

13, delete the insertion line.

Among the negative lines that have been falling continuously, there is a positive line that opens low and walks high. For the opportunity to sell, the stock price will continue to fall.

14, descending coverage line

In the high volatility market, there is an inclusive big negative line, which leads to a downward positive line every other day, and then a covering line appears, suggesting that the market has reached the sky-high price, this time it is a selling line.

15, high-grade wuyin line

The stock price has gone up, and five negative lines appear continuously on the circuit diagram, indicating that the stock price has entered the market. At this time, if the turnover shrinks, it is more certain that the market is not good.

16, three descent methods

In the continuous decline of the market, a big yinxian appeared, but three small yangxian appeared the next day, which did not mean that the bottoming was completed. If there is another big negative line, it is a selling opportunity and the stock price will continue to bottom out.

17, the third section of Dayang Line

In the continuous decline of the market, there appeared a big Yang line, which fully accommodated the decline of the previous three days. This is an excellent retreat. Investors should get rid of the stock as soon as possible, and the stock price will continue to fall.

18, three stars

The polar line appears in the falling market, which is a good opportunity to get rid of the shareholding, and the stock price will bottom out again.

19, hovering at low altitude

Usually the consolidation time is between 6th and 1 1 day. If there is a gap yinxian next, it is the beginning of the plunge, which means that the previous consolidation is only the middle consolidation, and the stock price will continue to be sorted out.

On the 20 th, the gap fell by two negative lines.

In the falling market, two consecutive yinxian lines with gaps appear, which is a precursor to the plunge. Usually, there will be a short-term rebound before the two negative lines appear, but if the rebound is weak, when the negative lines appear continuously, it means that the big buying will plummet and the stock price will continue to bottom out.