1. Triangular arrangement
Triangular arrangement pattern means that the prices of stocks, futures, foreign exchange, gold, silver, funds, bonds and other investment and trading products do not move forward after a period of rapid changes, and fluctuate within a narrow range up and down within a certain area.
It is the most classic representative of continuation patterns. Its characteristics are: (1) The graph formed by connecting short-term highs and lows has two obvious short-term highs and lows, forming a triangular pattern; (2) The price trend fluctuates less and less in the triangular pattern Facing the direction of breakthrough; (3) Refer to the technical indicators, if there is a bottom divergence in KDJ or MACD, the possibility of an upward breakthrough is high, and if there is a top divergence, the possibility of a downward breakthrough is high. (4) The range of rise and fall is at least the vertical distance from the apex of the triangle to the bottom.
Generally, we can divide it into 3 types, namely: (1) symmetrical triangle; (2) ascending triangle; (3) descending triangle.
1.1 Symmetrical triangle
Symmetrical triangle is also called convergent triangle. It is a relatively common form of consolidation for stocks. Sometimes there will be a trend reversal and breakthrough, but the probability of occurrence is relatively small. According to a series of incomplete market statistics, about three-quarters of the symmetrical triangle is a consolidation. A quarter is a turning pattern that appears at the top of a rising market or at the bottom of a falling market.
The symmetrical triangle is formed by a period of price fluctuations, and its fluctuations in a certain area gradually narrow, that is, the highest price of each round of fluctuations is lower than the previous one, while the lowest price is higher than the previous one, showing a convergent compression graph. Connecting these short-term high points and low points with a straight line forms a fairly symmetrical triangle, and the trading volume of this symmetrical triangle decreases as the stock price changes with less and less volatility. The apex area of the triangle is often sensitive The last time to change the disk.
Morphological points:
(1) The highest price of each rebound is lower than the previous high point, and the low point of the fall is higher than the previous low point;
(2) Symmetrical triangle trading volume decreases due to smaller and smaller price changes.
1.2 Ascending triangle
Ascending triangle pattern usually returns to the high point of the line tends to be horizontal, while the low point of the retracement line is gradually raised, thus forming an upward sloping upward slope, and at the end of the finishing pattern, with the increase of the attack volume Amplification generally has a greater chance of breaking through upwards.
In this form, the stock price presents a strong selling pressure at a certain level. The price rises from the low point to the level and then falls back. However, the purchasing power of the market is still very strong. The price rebounds immediately before returning to the previous low point, and the price continues to follow the resistance. The fluctuation of the line narrows day by day. If you connect each short-term fluctuation high point, you can draw a resistance line; and each short-term fluctuation point can be connected to another upward sloping line, forming an ascending triangle. Volume continues to decrease during the formation of the pattern.
Morphological points:
(1) The line connecting the tops several times is a horizontal line, and the line connecting the bottoms several times is an upward trend line;
(2) The trading volume gradually shrinks and only gradually expands at the end of the consolidation, and breaks through the connection between the top and the top with heavy volume;
(3) The sooner the ascending triangle breaks through, the fewer mistakes will occur, and the breakthrough must be clean and tidy.
1.3 Descending triangle
The shape of the descending triangle is exactly the opposite of that of the ascending triangle. When the price or index has considerable support at a certain horizontal line, the price or index rebounds when it falls back to the horizontal line. , so that the fluctuation of the price or index gradually narrows along with a support horizontal line, connecting the high point of each rebound and the low point of the fall, forming a downward-sloping triangle, that is, a descending triangle. The descending triangle is also the performance of the contest between the long and short sides, but the strength of the long and short is opposite to the situation shown by the rising triangle table.
Morphological points:
(1) The connecting line of falling back several times is a horizontal support line, and the rising connecting line of several rebounds is a downward trend line;
(2) In the descending triangle shape, finishing and breakthrough do not need the cooperation of trading volume;
(3) After the downward breakthrough of the descending triangle, there will often be a rebound to the horizontal line for confirmation.
2. Flag arrangement
Flag-shaped arrangement, that is, the price enters the stage of circling arrangement. Although the battle between the long and the short sides is a tug-of-war, but from the graph, there is still one side that has the upper hand, making the market gradually rise or move down. Straight line, there will be two graphics, one is the rising flag shape, and the other is the falling flag shape.
2.1 rising flag shape
The rising flag shape is a round of downward callback after the price or index rises for a period of time. If the high points of the rebound in the downward trend are connected with a straight line, and then the low points of the downward trend are also connected with a straight line. It can be found that its shape is like a flag fluttering in the wind on a flagpole, and this shape is the rising flag shape. The market meanings of a rising flag and a falling flag are just opposite.
Morphological points:
(1) Most of the rising flags appear in the finishing stage of the bullish trend, and the future trend will rise;
(2) During the index consolidation period, when the high level of the index is getting lower and lower, and the low point is getting lower and lower, but the trading volume is divergent, it is easier to complete the rising flag pattern;
(3) When the index breaks through the pressure of the downward trend line, it must cooperate with the trading volume. Sometimes there is a possibility of backtesting after a breakthrough, and if the backtesting does not fall below the original downward trend line and back pressure, the pattern can be established;
(4) The rising flag shape is a strong feature, and its adjustment time is generally relatively short. If the adjustment time is too long, it may form a top.
Operating strategy:
(1) After the upward breakthrough of the rising flag shape is established, you can buy;
(2) If the backtest trend line does not break after breaking through the rising flag shape, you can buy more;
(3) For the rising flag shape, the minimum increase in the future is estimated to be the vertical distance of the flag shape.
2.1 Falling flag shape
The market meaning of the falling flag shape is just opposite to that of the rising flag shape. The falling flag shape means that after the price or index has gone through a continuous decline, due to the gradual increase in low-level buying orders, a round of rebound and rising market is ushered in, forming a slightly upward slope. The dense transaction area is like a flag with the flagpole upside down. This form is the downward flag form.
Morphological points:
(1) The falling flag appears in the downtrend, and mostly occurs in the finishing stage of the short trend;
(2) The line connecting the rebound high point and the falling low point is basically parallel, and slopes to the upper right, which looks like the flag of a flag;
(3) After the falling flag breaks below the support line formed by the low point, there is often a pullback confirmation;
(4) The trading volume decreases successively during the flag-shape sorting process. If there is an irregular increase in the trading volume, it must be prevented from reversing, that is, the high-volume flag-shaped pattern may reverse instead of the sorting pattern.
Operating strategy:
(1) The falling flag is a bull trap, and when it falls below the support of the rising trend line, it is a sell signal;
(2) If the falling flag breaks down, you should stop the loss and leave the market immediately. Pulling back after the break is a rare opportunity for bulls to escape;
(3) The minimum drop of the falling flag-shaped forecast index is the vertical distance of the flag-shaped;
(4) A small number may also break through upwards. If a large amount breaks through the upper line and draws back to confirm that it is valid, it should be backhanded and long.
3. Wedge finishing
The wedge shape is somewhat similar to the descending triangle, which makes the market easy to confuse. Its biggest feature is the form where the upper and lower sides converge in the same direction, and finally converges into a triangle; generally, it presents a very obvious channel trend feature. As time goes by, the trend force gradually weakens, forming a turning point at the final convergent triangle position; There are two trends: rising wedge and falling wedge.
Note that when the two sides of the wedge cannot converge quickly, or are basically two parallel lines. It cannot be considered as a wedge, but classified as a flag or running channel.
3.1 Rising wedge
In the rising wedge shape, the connection line of the rebound high point and the falling low point intersect at the upper right, and its shape forms an upward sloping wedge, but eventually the price or index falls below the support line and falls downward, and the rising wedge shape is completed .
The rising wedge pattern generally appears in a downtrend and has a bearish connotation. It is also bearish when we find a rising wedge in an uptrend that has lasted for a long time, which is often a sign of a market top.
Morphological points:
(1) Generally, the rising wedge shape takes a long time to form, which can be extended to three to six months;
(2) The intersection formed by the extension of the two lines of the rising wedge is often the pressure point of the future price or index;
(3) When the rising wedge pattern breaks down at two-thirds of the bottom and top, the destructive power of the pattern is stronger;
(4) During the formation of the rising wedge shape, the trading volume keeps decreasing, showing the rebound characteristics of rising price and decreasing volume, which is a trap to lure more.
Operating strategy:
When the downward breakthrough of the price or index is established, a selling strategy can be adopted, and it is expected that the index or price will at least fall back to the bottom of the wedge in the future. If the increase in the previous period is large, when it falls below the lower support line, it must be decisively out of the game.
3.2 Descending wedge
The falling wedge is the opposite of the rising wedge, and generally appears in the middle of a long-term uptrend. It refers to a strong technical pullback in the price after a period of sharp rise; the price falls from a high point and turns around when it falls to a certain low point. The point is lower than the previous time, and the subsequent fall hits a new low point, that is, it is lower than the low point of the previous fall, forming a trend that the back wave is lower than the previous wave, connecting the short-term high point and the short-term low point respectively, forming two simultaneous downward sloping straight lines , forming a downward-sloping wedge.
Morphological points:
(1) The upward breakthrough of the falling wedge requires the cooperation of trading volume, and after the breakthrough is completed, there will often be a trend of backtesting the downward pressure line of the wedge.
(2) The intersection formed by the extension of the two lines is often the support point for the future index.
(3) If the falling wedge breaks upward at two-thirds of the head and the bottom, the effectiveness of the pattern will be higher. Generally speaking, the longer the wedge-shaped arrangement is, the higher the market outlook will be.
(4) During the formation of the falling wedge shape, the trading volume keeps decreasing, and when it breaks through the pressure line upwards, the volume should be increased.
Operating strategy:
The falling wedge is a short trap and a buying signal. For safety, you can buy when it breaks through the pressure line, increases slightly and reaches a new high.
4. Rectangular arrangement
Rectangular arrangement, also known as box arrangement or box shock, is a market pattern in which the price or index fluctuates between the upper and lower boundaries of two levels. The price or index fluctuates within a certain range. When it rises to a certain level, it encounters resistance and sells pressure, turns around and falls back, but finds support somewhere below and rebounds, but is blocked again when it rises to the same high point as before, and When it fell to the last low point, it was supported again. Connecting these short-term high points and low points with a straight line, a horizontal channel can be drawn. The channel is neither upward nor downward, but develops in parallel. It is the vibration form of the box, referred to as the box.
However, as far as its broad expansion is concerned, all price fluctuation ranges can be regarded as composed of different boxes, so there is also a set of system operation theory in actual combat, commonly known as "box theory", that is, once the price effectively breaks through the original The top or bottom of the box, the price will enter a new box, and the top or bottom of the original box will become an important support position and pressure position.
Morphological points:
(1) The upper rail and lower rail of the box vibration are generally horizontal and parallel, which is the main difference from the rising wedge and falling wedge;
(2) The box shock is generally a relay form, that is, the track trend of the general stock price operation will not change after sorting out;
(3) The trading volume of the box shock is generally in a decreasing state. If the trading volume is large, it is necessary to beware of the main shipment forming the top. When breaking through upwards, it is necessary to increase the trading volume to cooperate, and it is unnecessary to break through downwards;
(4) The longer the box oscillates, the more reliable the meaning of the shape is;
(5) The minimum theoretical rise and fall of the cabinet is the vertical height of the cabinet.
Operating strategy:
The best buying and selling point for box shocks is when the box breaks through and the withdrawal is confirmed. You can also make short-term price differences when you are close to the upper and lower rails of the box, but you need to pay attention to setting a stop loss point.
After the price or index has fallen sharply, forming a long-term box shock pattern at a low level may be bottoming out.
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