KDouble needle probe for thread combination

Double needle probing form:
The double needle probing pattern of a high point is a common local reversal pattern, which refers to the occurrence of a fluctuating trend at the high point position of a stock after a continuous rise, with two consecutive or two long up shadows appearing before and afterK Line. This type of double needle probing has various manifestations, among which the two long overhead lines are the main symbols for us to identify it.
Generally speaking, when a stock shows two long upward shadows in a row, it often indicates that although multiple parties have pushed up, it is difficult to achieve actual results. On the other hand, the selling strength of bears during high trading hours is significantly increased, which is a signal that the market will turn from an upward trend to a downward trend. In the actual trading operation, we should sell stocks and leave the market at this time.
Figure 1 shows Dr. Peng2010-09-01 to2011-01-05Period trend chart.
After a sustained rise, this stock has shown a volatile trend at its high point. At this time, a double needle probing pattern formed by the combination of two long up shadows in the front and back appears, which is a signal that the stock is difficult to break through the upward trend and the downward trend is about to emerge in the short term. At this point, we should engage in short-term stock selling operations to avoid the risk of subsequent declines.

Figure 1

Figure 2 shows Fosun Pharmaceuticals2010-07-14 to2011-01-19 During the period, in the volatile trend of this stock in the high zone, there is also a combination of two long upward shadows reaching the top, which is also a manifestation of the stock's inability to break through the upward trend. It indicates that there will be a significant downward trend in the future, and at this time, we should sell stocks at high prices in a timely manner.

Figure 2

Summary: If there is a double needle probing pattern at a stage high point, it indicates that the strength of the bulls is gradually depleted. The first candle line with a sufficiently long upper shadow indicates that there is significant pressure above, and the bulls encounter resistance and are unable to push the price higher. The candle line with a sufficiently long upper lead rose again and fell back, confirming the pressure above. This pattern suggests that the bullish market is highly likely to temporarily come to an end and enter a volatile market or a reversal. At this point, potential profit liquidation should be considered after the appearance of this pattern.