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.
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. Give the coordinates on the coordinate paper first, with the height on the left and the time below. At the position of the day, draw a horizontal line at the opening price and a horizontal line at the closing price, and then connect the two horizontal lines with two vertical lines to form a small square. If the opening price is higher than the closing price, it is called closing yin, and this K line is called negative line. You can paint this small square blue or black. If the opening price is lower than the closing price, it is called the closing price, and this K line is called the closing price. You can color this small square red or leave it blank. Then find the point with the highest price and the point with the lowest price, and connect these two points with the midpoint of the horizontal line of the small square. If this line is above the small square, it is called a shadow line; If this line is under the small square, it is called a shadow line; Sometimes two prices overlap, that is, the opening price or closing price is also the highest price or the lowest price, and there is no shadow line on one side, which is called bald line or barefoot line. That small square is called a solid. If we draw the daily K-line on a picture, it is called the daily K-line chart, and we can also draw the weekly K-line chart and the monthly K-line chart. With the help of computer software, we can also see the K-line charts of 5 minutes, 15 minutes, 30 minutes and 60 minutes in the computer.
By analyzing whether the entity of the K-line chart is a negative line or a positive line, and the length of the upper and lower shadow lines, it can often be used to judge the strength contrast between the long and short sides and the trend of the market outlook.
Generally speaking, the positive line shows that the buyer is stronger than the seller. After a day's contest, the two sides ended in victory in many ways. The longer the positive line is, the stronger the multi-party strength is, and the greater the possibility that the market outlook will continue to strengthen.
On the contrary, if the harvest negative line indicates that the seller's strength is stronger than the buyer's strength, the longer the negative line indicates that the empty side is stronger than many parties, and the greater the possibility of weakening the market outlook.
The K-line without upper and lower shadow lines is a bald K-line, which is rare in the stock market. Explain that the stock market will go up (or down) from the opening to the closing, and the market outlook will naturally continue to go in this direction. Similar to this, there are bare-headed lines and bare-footed lines, which at least shows that the party before the market closes has an absolute advantage and it is very likely to continue to dominate the next day.
If the K-line without hatching shows that one side has an absolute overwhelming advantage, then the length of the upper and lower hatching shows the fierce struggle between the two sides. The longer the incubation time, the more intense the struggle. At this time, it is necessary to combine the entity with the shadow line.
The shadow line on the positive line shows that the empty side was in a weak position at first, and then the stock price rose to the highest price and rebounded strongly, making the price fall slightly (below the highest price). In the end, although the stock price rose and many parties won, the victory was hard-won and it was difficult to continue to rise.
There is a shadow line on the positive line, indicating that the strength of many parties is greater than that of the empty side. However, in the process of competing with the empty side, the empty side once made the stock price fall, but the strength of many parties was stronger and the stock price rebounded. Many parties finally win, and the market outlook may rise.
There is a shadow on the negative line, indicating that the strength of the empty side is greater than that of many parties, and the stock price decline has won the final victory, and there is a possibility of further decline in the market outlook (but the possibility of deliberate action by the dealer is not ruled out).
The negative line has a shadow line, indicating that the strength of many parties is greater than that of the empty side. Although the air side has won a temporary victory, its strength is weakening and it is unlikely to fall again.
The specific situation must be analyzed in combination with the trend at that time. This is true in theory, but it may be different in practice.
In any case, the influence of Xiaoyang Line and Xiaoyin Line is certainly not as great as that of Dayang Line and Yin Da Line.
When the entity of the K-line becomes very narrow because the opening price is equal to or very close to the closing price, and the length of the upper shadow line and the lower shadow line is similar, we usually call it a cross star, which is the result of the temporary balance between the long and short sides, so it is often a precursor to the turning point. But sometimes it is only a temporary pause in the process of rising or falling. At this time, it is necessary to put two, three or even more K-lines together for observation.
For example, a cross star appears after a few days of rising, which may be a signal of falling, and a cross star appears after a few days of falling, which may be a signal of rising.
If the entity of the K-line is very narrow and one side of the lower shadow line is very long, it forms a "Ba" shape, which, like the cross star, is often a signal to turn around.
In practical analysis, we often have to judge the trend of K-line chart for a long time before we can find out its possible direction.
The weekly K-line chart has special significance in analyzing the stock market. Because the trend of the day is easily influenced by human manipulation, and it is much more difficult for the dealer to manipulate the weekly K-line, so the accuracy of the weekly K-line is higher.
If two tied K-lines are discontinuous in price, that is, the highest price of one K-line is lower than the lowest price of the other K-line, this phenomenon is called a gap, and the discontinuous part in price is called a gap. This is a sign that the stock price has changed greatly. The gap in the process of stock price rising or falling often makes the original trend stronger. When there is great bad news or good news, it is particularly easy to have a big gap.
It is generally believed that the gap must always be filled, that is, the gap left by the rising stock price will be filled by the falling stock price, and the gap left by the falling stock price will be closed by the rebounding stock price. In fact, this is not absolute, and it often happens that the stock price has a strong trend in this direction.
Special attention should be paid to the island reversal, that is, a large upward (or downward) gap appeared shortly thereafter, which is a signal of strong stock reversal. It is drawn by the opening price, the highest price, the lowest price and the closing price of each analysis period. Take the daily K-line as an example, first determine the opening price and closing price, and draw the part between them into a rectangular entity. If the closing price is higher than the opening price, the K line is called the positive line, which is represented by a hollow entity. On the contrary, it is called a negative line and is represented by a black entity or a white entity. Many softwares can use colored entities to represent negative and positive lines. In the domestic stock and futures markets, red is usually used to represent the positive line and green is used to represent the negative line. However, investors who participate in European and American stock and foreign exchange markets should pay attention to the fact that in these markets, green is usually used for the positive line and red for the negative line, which is just the opposite of domestic habits. Connect the highest price and the lowest price with the entity with thin lines. The line between the highest price and the entity is called the upper shadow line, and the line between the lowest price and the entity is called the lower shadow line.
Similarly, if you draw a K-line chart with one minute's price data, it is called a one-minute K-line. Draw a K-line chart with one month's data, which is called a monthly K-line chart. The drawing cycle can be flexibly selected as required, and K-lines with a cycle of 2 minutes and 3 minutes can also be seen in some professional drawing software.
K-line diagram is intuitive, three-dimensional and informative, and contains rich oriental philosophy. It can fully show the strength of the stock price trend, the change of the power contrast between buyers and sellers, and accurately predict the market outlook. It is a technical analysis method widely used in various media and computer real-time analysis systems.
K-line is a special market language, and different forms have different meanings. The so-called analysis of the stock trend is mainly based on the K-line chart.
In order to meet different needs, the K-line chart can be subdivided into: 5-minute K-line chart, 15-minute K-line chart, 30-minute K-line chart, 60-minute K-line chart, daily K-line chart, weekly K-line chart, monthly K-line chart and even 45-day K-line chart.
There are more than K-charts in the market, and each stock also has more than K-charts. Qianlong software in the daily K-line chart interface, press F8 to switch, great wisdom software has a "cycle switch" directory.
Novices like to watch time-sharing charts, and the stock price rises and falls obviously. However, once they get started, they will use the K-line chart without exception. They like to observe the 5-minute K-line chart at any time for short-term, 15-minute K-line chart, and watch the weekly K-line chart and monthly K-line chart for long-term. Looking at the K-line chart is nothing more than judging the trend of the stock price. If you find yourself paying more and more attention to the periodogram for one year or more, you can enter the intermediate class.
Judge the general trend and look at long-term charts, such as weekly K-line chart and monthly K-line chart. When the weekly K-line chart and the monthly K-line chart are at a high level, the overall price risk of the stock market is greater, so pay attention to light positions. When the weekly and monthly K-charts are at a low level, the overall price risk of the stock market is small. When buying, you can combine short-term charts (5-minute K-line chart, 15-minute K-line chart, 30-minute K-line chart, 60-minute K-line chart and daily K-line chart) to find low-level intervention, and the same is true for selling, so the stock market seems to have opportunities every day, but in fact, big opportunities come once every time.
Noteworthy "Moving Average System"
On the candle chart, there are several curves with different colors, that is, moving averages, including 5-day moving averages (that is, draw a point with the daily average closing price of the past 5 days to connect these points), 10 moving averages, 20, 30, 60, 120, 250 moving averages, or you can set your own date, for example, 6544.
The turning point of the long-term moving average is often considered as a turning point. Because the stock price can be "created" in a few days, it can fool people's eyes, but the long-term moving average is not good. Therefore, the trend of the long-term moving average is often the trend of the broader market. If the moving average of more than 30 days stops its original direction one day, experts will remind everyone to pay attention.
When the stock price goes above or below the important moving average, experts will remind everyone to pay attention.
A few key points:
1. Look at the long-term chart and the short-term chart together.
2. Combination of K-line chart and volume.
(3) The K-line chart is combined with the moving average.
K-line chart is a price list, and no one has any tricks. By looking at the K-line chart, you will hit the target. When learning various "technical theories", it is only useful to sum up your own methods according to your own experience. In a sense, every experienced stockholder is an "Eliot" (inventor of wave theory).
K-line graphically represents the increase and decrease of the strength of buyers and sellers, the transformation process and the actual combat results. After nearly a hundred years of use and improvement, K-line theory has been widely accepted by investors.
When the closing price is higher than the opening price, the entity part is generally painted red or blank, which is called "positive line"
When the closing price is lower than the opening price, the solid part is generally painted green or black, which is called the "negative line" crosshair (odd).
The name of the candlestick line that can provide its own information and has many important patterns. When the opening price and closing price of the market are equal, the candle body is the smallest, which makes it odd.
hammer
The price pattern of candlestick chart appears when the market transaction price is obviously lower than the opening price, but it rises again that day and the closing price is higher than or close to the opening price. This pattern forms a hammerhead candlestick.
Inverted hammer
The price pattern in the candle chart appeared when the securities trading rose obviously after the opening, but it was far from the highest point at the closing, losing most of the increase of the day.
Tombstone (tombstone)
A rising market gap that opened higher than the closing price of the previous trading day. It will hit a new high, and then lose its strength to close near the lowest price, which is a bear market momentum. The opening price of the entity below the shooting star in the next trading day will confirm the reversal of the trend. If the opening price and closing price are the same, the indicator is considered as a tombstone. Tombstone Dodge is more reliable than meteor mode.
meteor
A candlestick that reflects inversion. Before the stock price was high, the candles were big. The opening price on the day of the meteor phenomenon (usually) will be higher than the closing price of the previous day, and then the stock price will climb to a high point, but finally close at a price lower than the opening price.
Three white soldiers
Bai Sanbing is the reverse mode of bull market, forming three coherent long white candles. After a period of decline, the white three soldiers model indicates the change of market mentality and the reversal trend from bear market to bull market. The bull market is certain, and sometimes the reversal will form a price support level.
Three black crows.
The bear market reversal pattern consists of three continuous black candles. Every day the opening price is higher than yesterday's lowest price, but the closing price is lower than yesterday's lowest price. Single-day K-line pattern
The uniqueness of the K-line chart is that the strength of the market can be preliminarily judged by using the single-day K-line pattern.
The following are some basic K-line forms for reference only:
Dayang Line (Changhong): The opening price was close to the lowest price in the whole day, and then the price rose all the way to the highest price, indicating that the market buying enthusiasm was high and the gains were not exhausted.
Big Yinxian (long black/long green): The opening price is close to the highest price in the whole day, and then the price drops to the lowest price, indicating that the market has a strong downward trend, especially in the high-priced area, which is more dangerous.
Lower shadow line: the price once fell sharply, but supported by buying power, the price rose again and closed at the highest price, which was a strong form.
Shadow line: After the price once fell sharply, but supported by buying power, the price rebounded upward. Although the closing price is still lower than the opening price, it can also be regarded as strong. However, it appears in the high-priced area, indicating that the price has a callback requirement, and attention should be paid to selling.
Upper shadow line: prices rise and fall, and the gains are blocked. Although the closing price is still higher than the opening price, there is resistance above, which can be regarded as weakness.
Upper shadow line: the price rise is blocked, the rise is blocked, the closing price is lower than the opening price, and there is resistance above, which can be regarded as weak.
Crosshair: The price dropped sharply after the opening, but it was supported at the low level. The buying below was proactive and finally closed near the highest price, showing strong performance. When the long shadow line appears in the low-priced area, it is often an important reversal signal.
Inverted crosshair: After the price skyrocketed, it encountered strong resistance at a high level and was finally forced to close its position near the opening price. Although there is a desire to attack, the market has repair requirements and is weak. When the inverted crosshair appears in the high-priced area, it is often an important change signal.
Cross star: the buyers and sellers are evenly matched and the trend is stable; However, in a strong city, the cross star often becomes the intersection of market power transformation, and the market outlook may change.
Word line: Four-in-one K line reflects that the market transaction is light, and it is difficult to have a big change in the market outlook; However, if it appears in the daily limit (down limit), it means that the power gap between buyers and sellers is too big, and the direction of the market outlook is clear, which is difficult to reverse in the short term.
Two-day k-line combination
Observing the K-line pattern for two consecutive days, it is more reliable to measure the market according to whether the position before the target is a high-priced area or a low-priced area.
High inversion form:
Yesterday, the cross closed and the multi-head attack was blocked; The next day, it opened higher and went lower, and finally closed near yesterday's closing price, indicating that the competition between long and short positions was fierce and the top selling pressure was heavy. Pay close attention to the market outlook and pay attention to delivery.
Yesterday, the reticle closed and the price showed signs of reversal; The next day, the market opened below yesterday's closing price, then the price fell all the way, and finally closed at the negative line, indicating that the empty side took the initiative, indicating that the market turned down and should pay attention to delivery.
Yesterday, the Zhongyang line closed, and the buyer was in full swing; After opening higher the next day, many parties could not follow the trend and fell sharply below yesterday's closing price, so the market weakened; This pattern appears after the high consolidation, so beware of the banker pulling the boat.
Yesterday, the Zhongyang line closed, and the buyer was in full swing; The next day, the upside was blocked again, and finally closed at the Yinxian line, but it was still above yesterday's closing price, indicating that the long-short competition was extremely fierce and the bulls were better. Pay close attention to the changes in the market outlook.
Low inversion form:
Yesterday, the cross line closed, indicating that the buying below was positive and the price stopped falling and stabilized. After the opening of the next day, the price continued to rise and finally closed at Xiaoyang Line, so the bulls' confidence increased and the price rebounded quickly. This combination appears in the low-priced area, which is a standard rebound form.
Yesterday, the Yinxian line closed, and the bears were fierce. The next day, it opened sharply lower. However, the buyer actively entered the market at a low level, rising instead of falling, and finally closed at a positive line, which was higher than yesterday's closing price, indicating that the empty side was weak and the price might rebound.
Yesterday, the Yinxian line closed, and the next day it opened sharply higher, and the price rose all the way, and finally closed at the highest price, indicating that many parties won, and the market outlook is expected to strengthen.
note:
There are many combinations of K-lines with different meanings. We should analyze them according to different price levels and their changing trends. Parameter setting can be combined with other auxiliary indicators (such as moving average, SAR, transaction accumulation) and so on.
Market trend after major disasters in history
The trend of stock index in the trading days after the Wenchuan earthquake in May 12, 2008 10.
20 10 4. 14 stock index trend in trading days after Yushu earthquake in Qinghai.
20 10 the trend of the stock index in 10 trading days after the mudslide disaster in Yunnan on August 25th.
On July 23, 2008, after the drought in Xinjiang, the trend of stock index was 10 trading day.
20 10 At 22: 00 on August 7th, 434 people were killed and 33 people were missing in Zhouqu1Gansu. The Shanghai Composite Index fell from 2656 on August 9th to 2587 after 10 trading days.