2. The upward trend refers to the trend that the low point (inflection point) of each round of callback keeps rising when the high point (inflection point) of each round of rise keeps hitting new highs. As shown in the figure:
3. The downward trend refers to the trend that the high point (inflection point) of each round of pullback is also decreasing in a given period of time when the low point (inflection point) of each round of decline keeps hitting a new low, as shown in the following figure:
4. Lateral shock refers to the consolidation of lateral movement, which is also called no trend, in a given period of time, which is neither an upward trend nor a downward trend, as shown in the following figure:
5. Fibonacci callback line is mainly used in the trend market, and can also be used in the small-level periodic chart contained in the market where the large-scale periodic chart oscillates horizontally, that is, the large-level periodic chart oscillates horizontally, and there is a certain short-term trend in the small-level periodic chart at this time. We use rising or falling market bands to make Fibonacci callback lines, as shown in the following figure:
Low 1, low 2, low 3, low 4, high 1, high 2 and high 3 are all effective inflection points. When the market continuously produces the low point of 1 and the high point of 1, and the callback starts after the high point of 1, we can start from the low point of 1 and connect to the high point of 1 to make a Fibonacci callback line; When the market is supported at the low point 2 and reaches the high point 2 again, we can start from the low point 1 and connect the high point 2 to make a Fibonacci callback line, or we can start from the low point 2 and connect the high point 2 to make a Fibonacci callback line, but note that the Fibonacci callback line from the low point 1 to the high point 1 will no longer be concerned; When the market returns from the high point 2 to the low point 3, stabilizes and innovates the high point 3, and begins to return, we can start from the low point 1 and connect the high point 3 to make a Fibonacci regression line, or we can start from the low point 2 and connect the high point 3 to make a Fibonacci regression line. At this time, the Fibonacci regression line from the low point 2 to the high point 2 is no longer concerned. When the market callback formed a low point of 4 and then stabilized upward but did not hit a new high, we could not make a new Fibonacci callback line, and the original Fibonacci callback line continued to be effective.