In practical operation, what is low and what is high depends on the application of specific technical analysis, which can be summarized into the following methods:
1Place orders and stop losses by breaking positions:
As mentioned above, in an upward trend, wait for the price to rebound to an important support level to buy, and stop losing after effectively breaking the level. Short term selling and closing positions on the upper track of the upward channel(But it's easy not to open new positions and sell short); In the downward trend, wait for the price to rebound to an important pressure level and sell short, effectively breaking through and stopping losses. Similarly, buying and closing positions at the lower track of the descent channel(Never open new positions to rebound)。
2Breaking the order:
When the price rises above an important pressure level, buy along with the trend and stop the loss by breaking back. When the stock price falls below an important support level, sell short and stop losing when it breaks back.
3Only important reversal points can be used for reverse market orders
When a large wave shape, proportion, and cycle reach a certain reversal point simultaneously, a reverse order can be made, and it must be a light position. The stop loss can be amplified, but it cannot be without a stop loss.
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