This is a triangle pattern (the two peaks and troughs at the top and bottom draw the trend line)
1. It is a consolidation pattern, which can appear in either an uptrend or a downtrend. Middle;
2. The high point line and the low line intersect on the right, forming a converging triangular sharp knife;
3. The trading volume continues to decrease during the consolidation process,
4. When choosing a direction to break through, volume will generally be increased, especially upward breakthroughs that must be accompanied by amplification of trading volume.
Volume energy: 1. The trading volume continues to decrease during the consolidation process;
2. When choosing a direction to break through, the volume will generally be increased, especially the upward breakthrough must be accompanied by the amplification of trading volume.
Mindset: The convergence triangle is a sign that investors are relatively lacking in confidence and tend to be hesitant. They behave more cautiously and have a wait-and-see mentality.
Operation: 1. In most cases, the convergence triangle will continue its original trend.
When a rising trend occurs, the possibility of eventually breaking through upward is high; when a falling trend occurs, the possibility of eventually breaking down is high;
2. When the stock price is in a triangle arrangement, the trend should be taken With a wait-and-see attitude, you can buy when the stock price closes above the pressure line (3%) during an uptrend.
You can buy only after the stock price closes above the pressure line (3%) during a downtrend and the withdrawal is confirmed. In other cases, it is better not to participate.
3. Shareholders must resolutely clear out their positions when they fall below the lower line.