how currencies work, snippets

Second, the market will encounter an obvious pressure point tomorrow. Please look at the chart below, the daily chart of the Shanghai Composite Index. In the picture, I use three color lines to mark the short-term pressure lines respectively.First, in terms of time relationship, tomorrow will be the 13th trading day from the low point to the high point (assuming the high point occurs in the intraday trading tomorrow). 13 is a typical Fibonacci dial number. On the 13th day, it is easy to produce the inflection point. Moreover, we can find that the last downtrend band took 14 trading days to reach the low point. According to the symmetry theory, the current uptrend band will probably take 13~14 trading days to reach the top of the stage.

From the above picture, you can see three pressure lines: red, blue and black. These three pressure lines basically form a relatively dense resultant pressure zone at the current position. Therefore, it is actually more difficult for the index to attack upwards tomorrow.Second, the market will encounter an obvious pressure point tomorrow. Please look at the chart below, the daily chart of the Shanghai Composite Index. In the picture, I use three color lines to mark the short-term pressure lines respectively.Statement of the work: Personal opinion, for reference only.

But as a veteran of the technical school, I have to go back to the technical side to solve the problem. News will have an impact, but in the trading hours of a year, the time period with frequent news should be considered as a small part of the whole. Therefore, we must not give up eating because of choking, and technology is still the most important means of market analysis.Second, the market will encounter an obvious pressure point tomorrow. Please look at the chart below, the daily chart of the Shanghai Composite Index. In the picture, I use three color lines to mark the short-term pressure lines respectively.Second, the market will encounter an obvious pressure point tomorrow. Please look at the chart below, the daily chart of the Shanghai Composite Index. In the picture, I use three color lines to mark the short-term pressure lines respectively.