weekKLine operation tips and tricks

weekKThe line is drawn based on Monday's opening price, Friday's closing price, the highest and lowest prices of the weekKLine diagram. dayKThe line is based on the stock price(index)The four price ranges formed in a day's trend are: opening price, closing price, highest price, and lowest price. If relying solely on the dayKThe combination of lines to determine the direction of short-term operations inevitably faces a lot of uncertainty risks, and it is also easy to form a habit of chasing gains and killing losses. Premature selling of profit chips in a strong market, while in a weak market, it is difficult to grasp the strength of the rebound, and it is very easy to be trapped.


weekKLine and DayKLine
On the surface, ZhouKLine and DayKThe shape of the line is the same, but due to the differences in the trading cycles covered by the two, the operational directions revealed may sometimes be completely different, and even give opposite buying and selling signals.
In practical operation, the first step in grasping the timing of buying and selling is to analyze the weekKIs the line safe, and then analyze the dayKWhether the combination of lines and the coordination of quantity and price are reasonable is crucial for selecting the appropriate direction of operation at the appropriate time. Generally speaking, combining the two to guide practical operations can avoid many mistakes.


weekKLine analysis in general applicationsKOn the basis of line analysis, the following points should also be noted:
1, weekKWhen a candlestick appears continuously as a bearish candlestick and oversold, it occurs in two or more weeksKAfter the combination of lines indicates signs of a stop in the decline, it generally indicates that there may be a strong rebound or reversal in the market afterwards. At this time, there is no need to follow the daily trend after buyingKIf the analysis of the line sells too early, it is possible to increase the holding time appropriately.
2In a continuous downward trend, the weekKIn terms of the line, it is necessary to wait until a longer downward shadow and a severe decline in trading volume occur simultaneously before considering whether to intervene, rather than relying solely on daily transactionsKAnalyze the lines to determine the timing of the operation.
3In an upward trend, if the weekKIf the line shows a trend of simultaneous increase in quantity and price, there should be a new high point appearing next week. If there is a low point at the beginning of the week, it is generally not necessary to follow the daily trendKThe prompt of the line should consider selling, but instead should be considered as a good opportunity for short-term intervention and consider short-term buying.
4If weeklyKAfter a continuous rise, the line shows a long upward shadow, and the trading volume also shows a significant amplification, indicating that the market is about to enter a correction. At this time, it is usually seen as a signal of selling and should be eliminated in a timely manner at the beginning of next week, rather than waiting until the dayKMake a decision when the line sends a signal.
5If there are signs of a recovery in the market after a decline, and there is reason to believe that a rebound will not evolve into a reversal, ZhouKIf there is a large bald and barefoot line on the line, it should generally be a signal of coming back from the top, and in most cases, it will be aroundKThere will be one or two negative lines on the line, so this situation will occur next weekKThe large bullish line appearing on the line should also be treated as a selling signal.


Due to weekKThe time span of a line is much larger than that of a dayKLine, in the sameKIn the case of line combinations, weekKThe credibility of the buying and selling signals indicated by the line is much higher than that of the dayKLine.