What is a K-line chart?
K-line, also known as candle chart, daily line, yin-yang line, bar line, etc. At present, it is commonly used as the "K-line", which originated from the rice market transactions in Japan18th century Tokugawa Shogunate (1603 ~ 1867) and is used to calculate the daily rise and fall of rice prices. Because of its unique drawing method, it is introduced into the analysis of stock market price trend. After more than 300 years' development, it has been widely used in stock, futures, foreign exchange, options and other securities markets.
Drawing method of single K line
It is based on 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. At present, 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 we draw a K-line chart with one minute price data, it is called 1 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 function of K-line diagram
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 weekly K-line chart and the monthly K-line chart for a year or more, then 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.
The basic purpose of K-line chart is to find a "selling point". Although we are facing the same K-line chart, our understanding is different. You must observe carefully for a long time, at least your observation will experience a complete "bull and bear market". There are some books on how to make stocks from the perspective of technical analysis. You can buy it and have a look. "Wave Theory" is highly respected by everyone and should be read, but dialectically, it doesn't matter if you don't understand it for the time being. As the reading time increases, you will understand.
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) Combination of long-term and short-term graphs.
(2)k-line chart combined with 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 and transformation process of the strength of buyers and sellers 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 "negative line"
superiority
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.
disadvantaged
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.
K-line chart characteristics
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, we can completely record the daily or periodic market performance. 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.
Stock k-line chart:
With the trading time as the abscissa and the price as the ordinate, the daily K-line is drawn continuously to form a K-line chart.
The columns in the K-line diagram can be divided into positive and negative lines. Generally, the red column represents the positive line and the black column represents the negative line.
If the closing price is higher than the opening price in the time period indicated by this column, that is, the stock price rises, the column is painted red, otherwise it is painted black. If the opening price is exactly equal to the closing price, a crosshair is formed.
K-line chart indicators:
Duoqi (reticle)
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)-a rising market gap, opening 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.
Judgment method:
First, the single-day K-line form
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): The opening price is close to the highest price in the whole day, and then the price falls all the way to the lowest price, indicating that the market has a strong downward trend, especially in high-priced areas, which is even 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 or two-day K-line combination
By observing the K-line shape for two consecutive days, it is more reliable to measure the market combined with whether the current position 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 the low level, rising instead of falling, and finally closed at the positive line, which was higher than yesterday's closing price, indicating that the empty side is weak and the price may 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.
Detailed explanation of k-line diagram view
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. The recording method is as follows (as shown in the figure)
The daily K-line is drawn according to the four price points formed in the daily trend of stock price (index), namely, opening price, closing price, highest price and lowest price.
1, when the closing price is higher than the opening price, the opening price is lower and the closing price is higher, and the rectangular column between them is drawn in red or hollow, which is called the positive line; The highest point of the upper shadow line is the highest price, and the lowest point of the lower shadow line is the lowest price.
When the closing price is lower than the opening price, the opening price is lower than the upper closing price. The rectangular column between them is drawn with black or solid lines, which is called negative line. The highest point of the upper shadow line is the highest price, and the lowest point of the lower shadow line is the lowest price.
2. According to the calculation cycle of K-line, it can be divided into daily K-line, weekly K-line, monthly K-line and annual K-line.
Weekly K-line refers to the K-line chart drawn with the opening price on Monday, the closing price on Friday, the highest price and the lowest price in the whole week. The monthly K-line is based on the opening price of the first trading day of a month, the closing price of the last trading day and the highest and lowest prices of the whole month. The definition of annual K-line can also be derived. Weekly K-line and monthly K-line are often used to judge the mid-term market. For short-term operators, the 5-minute K-line, 15-minute K-line, 30-minute K-line and 60-minute K-line provided by many analysis software also have important reference value.
3. According to the fluctuation range of opening price and closing price, K-line can be divided into extreme yin, extreme yang, small yin and small yang, middle yin and middle yang, and big yin and big yang. Their approximate fluctuation range (as shown in the figure).
The fluctuation range of extreme yin line and extreme yang line is about 0.5%;
The fluctuation range of xiaoyin line and xiaoyang line is generally 0.6-1.5%;
The fluctuation range of Yinzhong Line and Zhongyang Line is generally1.6-3.5%;
The fluctuation range of Yin Da Line and Dayang Line is above 3.6%.
4. The formation process and different meanings of several typical one-day K-charts are explained in the following time-sharing chart with trading volume. The time-sharing chart records the trend of the stock price throughout the day. Different trends form different kinds of K-lines, but the same K-line has different meanings because of different stock price trends.
A. xiaoyangxing:
The stock price fluctuated very little throughout the day, and the opening price was very close to the closing price, which was slightly higher than the opening price. The appearance of Xiaoyangxing shows that the market is in a chaotic stage, and the market outlook is unpredictable. At this time, it is necessary to comprehensively judge according to the shape of its previous K-line combination and the price region at that time.
B. small yin star:
The time-sharing chart of Xiaoyinxing is similar to Xiaoyangxing, but the closing price is slightly lower than the opening price. Explain that the market is weak and the development direction is unknown.
C. xiaoyang line:
Its fluctuation range is small, the positive star increases, and the bulls have the upper hand slightly, but the upside is weak, indicating that the market development is chaotic.
D. hang the yang line:
If there is a hanging yang line in the low-priced area of the shangyang line, as shown in the figure, the stock price shows that the trading volume shrinks during the bottoming process. With the gradual rise of the stock price, the trading volume will enlarge the situation evenly and finally close at the positive line, indicating that the stock price in the market outlook is bullish.
If there is a hanging line in the high-priced area and the stock price goes out of the picture, it may be that the main force is pulling the boat, so you need to pay attention. E. lower shadow line and positive line:
Its appearance shows that the multi-party attacks in the long-short battle are calm and powerful, and the stock price falls first and then rises, and the market has the potential to rise further.
F. Upper shadow line and positive line:
It shows that the upward pressure is heavy when attacking in many ways. This pattern is common in the main test action, indicating that there are more floating chips at this time, and the gains are not strong. G. pierce one's head and feet:
The stock price goes out of the graph as shown in the figure, indicating that many parties have taken advantage of it and there are waves of rising prices. The stock price rose steadily with the cooperation of trading volume, indicating that the market outlook is bullish.
[2] Similarly, if the stock price moves sideways or falls for most of the day, and the market suddenly rises, it indicates that it may open higher the next day and then go lower.
On the other hand, if the stock price fluctuates widely throughout the day, when the volume of the tail market rises and closes, it may be that the main force drove away the sedan chair passengers by oscillating the dishes that day, and then rose easily, and the market outlook may continue to be bullish.
H. Bald Yang and his party:
If there is a bald line in the low-priced area, the time-sharing chart will show that the stock price has risen wave after wave after wave, and at the same time, the volume has been enlarged, indicating the beginning of a round of rising market. If it appears on the way to the rising market, it means that the market outlook continues to be optimistic.
I. barefoot line:
It means that the upward trend is very strong, but there are differences between long and short sides at high prices, so be cautious when buying.
J. Upper shadow line and positive line:
It means that the multi-party upswing is blocked and the last selling is heavier. Whether the situation can continue to rise is still unclear.
K. shadow, shadow cross and t-line
Any one of these three linetypes appears in the low-priced area, which indicates that the next gear has strong bearing capacity and the stock price may rebound.
Variable length cross star
This line type is usually called variable cross star. Whether it appears in the high-priced area or the low-priced area, it can be regarded as a top or bottom signal, indicating that the general trend is about to change its original direction.
Dayin line
One day, the stock price was sideways, and the volume dropped suddenly at the end of the session, indicating that one sky finally occupied the dominant position in the battle, and it was more likely to open lower the next day. If the stock price goes out of the wave-by-wave decline as shown in the figure, it means that the empty side is cheap, many parties are unable to resist, the stock price is gradually lower, and the market outlook is bearish.
K-line chart analysis K-line chart originated in Japan, which was used by Japanese rice market businessmen to record rice market prices and price fluctuations at that time. Later, it was 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. K-line chart can be divided into reverse shape, arrangement shape, gap and trend line. From the third section of this chapter, we will analyze these forms one by one.
A, 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 indicate 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 or paint the column black, and this column is the "negative line".
Second, 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.
Third, 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.
Fourth, the significance of analysis
Because of the variety of Yin-Yang lines, Yin-Yang lines and Yang lines 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. First rise and then fall
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 was the lowest, the seller took advantage and exerted his own strength, which made the buyer fall into the "locked" dilemma.
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 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. "┴" pattern
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.
"T" shape, also known as win-win line, the opening price is the same as the closing price, the trading of the day closes at a price lower than the opening price, and the highest price of the day (that is, the opening price) closes. 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.
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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.