As the name implies, resistance level: a point of pressure! Support position: a support point! In fact, there are many methods, such as important moving average, bollinger band shape, historical price, golden section, shape and so on. , but mainly experience! Briefly talk about several algorithms of resistance level and support level:
The simplest thing is to look at the high and low resistance of the front figure: a, the high point in front; B, the upper moving average, the longer the moving average, the greater the resistance; C. Chip-intensive area (transaction-intensive platform); D, technical analysis points; (such as boxes, bells, etc.). ) e, integer point (price) also gives people psychological resistance; Support level: In principle, the resistance level that is effectively broken will in turn become the support level.
Secondly, through the moving average system, the high and low points in the early stage are consistent with one or several moving average systems, so that the moving average system will provide support or resistance to the K-line system.
A little more complicated is to use the trend line system, which requires you to observe the market of the whole band and draw the trend line.
It is complicated to calculate the size and structure of each wave form according to the wave theory, to determine the resistance level and support level by determining the wave form, and to make comprehensive judgment by using the trend line, moving average and wave theory. This calculation process is more complicated.
A little more complicated is to do probability statistics on the results of comprehensive judgment, calculate the solution set of the matrix formed by the results of trend line, moving average and wave theory, so that this solution set conforms to the reasonable distribution of the current market total fluctuation range, and then extract resistance and support levels from this solution set. This method is quite computationally intensive. I don't want to do it again after doing it once, but it is very accurate.
I hope it will be helpful to you and I hope it will be adopted. thank you