Instead of risking a trade, stay calm and be patient and wait for a better time. We are hungry for huge profits in the market, but this requires us to be patient.
Don't blindly pursue the so-called "stepping into the air", it is not terrible to miss some opportunities, and it is the real fatal thing to make wrong decisions.
When you suffer a significant loss, your emotions must be greatly affected, and you must reduce or stop trading, and take a break to think about the next trade.
If you want to fry well, you must have a good attitude, have the correct attitude of making money but not happy, losing but not worrying, whether it is a profit or a loss, you must summarize the experience and lessons in time and keep in mind the gains and losses in the operation process.
The difference between success and failure is not in one's ability, but in one's ability to follow the precepts to avoid mistakes.
"The triple bottom does not stop, and the triple top does not stop".
Triple bottom
Takeaways
1. The formation time of the three lows of the triple bottom pattern is usually maintained at more than 10 to 15 trading days, if the interval is too small, the foundation of the bottom pattern is not solid, and the upward offensive strength of the market outlook is limited.
2. The minimum increase after the triple bottom breaks through is the distance from the bottom to the neckline.
3. The wider the distance from the low point of the triple bottom to the neckline, the stronger the upward attack after the breakout.
4. The distance between the three bottoms of the triple bottom and the neckline is roughly the same, and the difference is within 3%.
5. The trading volume in the triple bottom should show a trend of increasing one by one, especially in the formation of the third bottom, and the stock price must break through the neckline with the volume to finally confirm the establishment of the pattern, and it is expected to start a new round of upward trend. Otherwise, there is a high risk that the pattern construction will fail.
Morphological Analysis:
When the stock price falls to a certain low, it attracts bargain buying, and the stock price recovers, forming the first bottom.
When it rises to a certain height, the profit orders and unhedging orders in the early stage are sold one after another, and the stock price falls.
When it falls near the previous low, the buying orders step in again and the stock price rebounds, forming a second bottom.
When it rose to near the previous high, it met resistance again, because the first two times were supported at similar lows, and when the third low was formed, the buying was obviously enthusiastic, and the stock price climbed steadily, breaking through the previous two falling highs.
The trading volume has shown a gradual increase in the three upward attacks**.
Triple top
The triple top is also known as the triple head. It is a chart pattern formed by three overlapping highs, usually seen in an uptrending market.
A typical triple top usually occurs over a short period of time and breaks through the support line. Another confirmation triple top signal can be found in the overall volume.
Triple top
* or the index after a period of time has started to take profits, and the market has fallen from the first peak under this selling pressure;
When it falls back to a certain area, it causes some investors who are optimistic about the future market to open positions, so ** rises again, but when ** or the index rises to near the previous peak, it falls back again under the selling pressure of some position reduction orders;
When it returns to near the previous low, the buying orders rush in again, pulling the ** or index up, but due to the second resistance near the previous high, investors are close to the previous two highs to reduce their positions again, ** or the index gradually declines to near the previous two lows (i.e., the neckline), as more and more investors reduce their positions and leave, ** or the index falls below the neckline, and a triple top pattern is formed.
The Triple Top pattern is the opposite of the Triple Bottom pattern.
Triple Top Pattern Essentials:
1. The distance and time between the peaks of the triple top do not have to be equal, and the bottom of the triple top does not necessarily have to be formed in the same **.
2. The three vertices do not have to be exactly equal, they can be as large as they are close.
3. The third top of the triple top, the trading volume is very small, that is, it shows the signs of **.
4. Theoretically, the wider the top of the triple top, the stronger the power.
"Sunflower to the Sun".
Sunflower to the sun refers to *** on the way, a yin line is pulled out on a certain day.
The next day, another medium or long white candle was pulled out. The price of this long white candle ** is higher than the opening price of the black candle.
This pattern indicates that it will continue, and it is a typical relay pattern.
1. Conditions for the establishment of ** form.
First, along the 5th or 10th, it means that you have entered an ascending channel.
Second, volume remained low.
2. Morphological characteristics.
1. On a certain day, it will open low and go low, and sometimes it will fall below the 5th**or 10th**, giving people the impression of **turning.
2. The next day, the ** of the stock opens at ** higher than the ** price of the negative line, and *** is higher than the opening price of the negative line
3. On the day of the closing line, if the trading volume is abnormally amplified, there is a possibility of turning, and investors should be vigilant.
Case. XXXX's **After a wave**, it starts again**, and on the way, it comes out of the sunflower sun-facing form, indicating that **will continue**.
MACD Capture Best Escape Top:
It means that the stock price is sideways after a sharp rise, thus forming a relative high point, and investors, especially those with large funds, must be at the first shipping point, or reduce their positions. The technique to determine the establishment of the first shipment point is that the stock price is sideways and the MACD is dead.
After the formation of the first exit point, some ** did not fall sharply, but after ** pretended to break through to cover the shipment, the bulls made the last pull up before the goods, also known as the virtual wave pull, the high point formed at this time often becomes the highest point of a wave of bull market, so it is also known as the absolute top, if you can't escape smoothly at this time, the consequences are unimaginable.
The technique of judging the establishment of the absolute top is **, and the MACD leaves the market when there is a divergence, that is, when the stock price rises to a new high in a virtual wave, and the MACD cannot create a new high simultaneously, the trend of the two diverges, which is an obvious signal that the stock price has peaked.
It shows that when the absolute top is **, you must not wait for the MACD dead fork to come out, because when the MACD dead fork, the stock price has been **a lot, and you must refer to the ** combination when selling at the top of the virtual wave.
Investment insights
A trader's biggest secret is to obey the will of the market. The market is the truth because it is inclusive and reflective of everything. As long as he realizes this, he is safe.
When he ignores this, it is difficult for him to be on the right track, and he will suffer.
For a good trader, the ability to control the 'mind' is far more important than how to use the 'brain'.
Emotions are the trickiest part, and even if one part can make you a big hit or make millions, you have to be completely objective.
Adhere to the law of margin of safety and adhere to "value" investment. "An opportunity with low risk and high return can be called an opportunity"; This is the key to beating the market. "Effectively curbing losses" is an overriding strategic task.
The above content is for reference only, not as specific investment advice, **There are risks, you need to be cautious when entering the market!