Monthly K-line refers to the comprehensive embodiment of price trajectory. Whether it is the opening price or the closing price, or even the upper and lower shadow lines, they all represent profound meanings. However, it is absolutely impossible to apply K-line mechanically. K-line or K-line combination in different stages of trend operation represents different meanings.
Extended data
For the same K-line combination, the monthly line is the most reliable, followed by the weekly line and the daily line. Of course, some investors like to analyze the annual line or sub-line. Through the study of futures market and stock market, the author thinks that the reference is of little significance. The probability of long-term combination with rising monthly line is the highest, and the reliability of combination with rising weekly line is also high, while the probability of cheating on daily line is greater, but it is very common. Therefore, when using the K-line combination to predict the market outlook, the daily line must cooperate with the weekly line and the monthly line to achieve better results.
The same K-line combination represents different meanings at different stages of stock price operation. For example, the same pregnancy line, which appears at the end of the decline, is more credible than the bottoming signal that appears at the shock stage. Therefore, you can't think that it is the bottom arrival when you see the pregnancy line or the morning star line. You must look at it comprehensively in combination with the whole trend.
K-line combination must match the volume. Volume represents the consumption of power and the intensity of the game between long and short sides, and K line is the result of the game. Only look at the K-line combination, not at the volume, the effect will be halved. Therefore, the volume of transactions is the driving force, and the K-line pattern is the result.
Monthly K-line: K-line chart based on the opening price of the first trading day, the closing price of the last trading day, the highest price and the lowest price of the whole month. The monthly K-line is often used to judge the mid-term market.
Generally, you can select the cycle with the right mouse button at the K-line status point on the same day. Monthly K-line and daily K-line can have the same index and analysis method, but the cycle is changed to month. Because the cycle of the monthly line is too long, it is not suitable for short-term or mid-line operation. Studying the monthly line can better grasp the corresponding movement trend of stocks.