Category: Money Tips Date: 2006-08-04
K in the stock index chart, in the daily time-dynamic charts, we can often see the two sides locked in a battle due to long-short right-angled triangle formed by graphics. This graph is a horizontal line intersecting with another composition of a slash.
If the top line level, indicating a high number of sub-movements are in the vicinity of a certain price, while the slash from left to right on the dump, then sub-price fluctuations in low low price compared to the previous high, to form the right angle a form of triangle - up triangle
.
Increase in the market triangle meaning:
In the long-short contest in the formation of a price, the price has the following characteristics, that is, once the stock price will not stay in touch on this a long time, they are in decline, constitutes the supply of pressure to bring the seller's shares, while buying into the stock price fell after this once again the pressure with a challenge to the seller and hit the pressure again after price correction, but the correction low is higher than the previous low, the power each time the buyer to the seller pressure with frequent challenges, such challenges - back -- - and then repeated the challenges of fierce fighting, the collapse of the seller's morale, and turned short squeeze more buyers turn to join the camp, suggesting the collapse of the seller. This graph is often also used in the main been deliberately suppressed by the market price, to bargain-hunting accumulation purposes.
Ascending triangle judged points:
1, up triangle pattern typically be found in order. The ultimate direction of their movements easier to distinguish - up triangle graph construction is completed means that share prices have risen. According to statistics, in contrast to less than 20% of the exceptions.
2, up triangles in general is gradually decreasing volume, until the level of top-line has been broken, the volume corresponding to enlarge, enlarge the number of increments should be more significant if the stock price up without a corresponding volume to keep up with a breakthrough, then the alert may constitute a false break, up triangle with the possibility of failure.
3, if the downward trend in the late ascending triangle pattern, investors should be buying plans, if the upward trend in the late emergence of this pattern may indicate a stock price reversal down. Investors should consider selling the stock at this time. Because at this time form patterns that are not part of order
Edited in the gold-line
