K Siantu

English: candlestick chart

■ What is a K-line chart?

K-line records the price change of the stock in one day. Putting the daily K-lines together in chronological order constitutes the historical change of stock price, which is called K-line chart. K-line graphically represents the increase and decrease and transformation process of the strength of buyers and sellers and the actual combat results. After nearly a hundred years of use and improvement, K-line theory has been widely accepted by investors.

K-line, also known as candle chart, is said to have originated from the rice market in Japan in the18th century. At that time, Japanese rice merchants used it to express the change of rice price, and then it was widely used in stock market and futures market because of its unique plotting method. It is based on the opening price, highest price, lowest price and closing price of each trading day (or each analysis cycle). The structure of K-line can be divided into three parts: upper shadow line, lower shadow line and intermediate entity.

K-line is a columnar line, which consists of shadow lines and entities. The rectangle in the middle is called solid, the thin line above the solid is called shadow, and the bottom is called shadow. Entities are divided into positive and negative lines.

K-line can be divided into daily K-line, weekly K-line and monthly K-line, and minute line and hour line are also commonly used in dynamic stock analysis software. K-line is a special market language, and different forms have different meanings.

K-line diagram is intuitive, three-dimensional and informative, and contains rich oriental philosophy. It can fully show the strength of the stock price trend, the change of the power contrast between buyers and sellers, and accurately predict the market outlook. It is a technical analysis method widely used in various media and computer real-time analysis systems.

The function of K-line diagram

The so-called analysis of the stock trend is mainly based on the K-line chart.

In order to meet different needs, the K-line chart can be subdivided into: 5-minute K-line chart, 15-minute K-line chart, 30-minute K-line chart, 60-minute K-line chart, daily K-line chart, weekly K-line chart, monthly K-line chart and even 45-day K-line chart.

There are more than K-charts in the market, and each stock also has more than K-charts. Qianlong software in the daily K-line chart interface, press F8 to switch, great wisdom software has a "cycle switch" directory.

Novices like to watch time-sharing charts, and the stock price rises and falls obviously. However, once they get started, they will use the K-line chart without exception. They like to observe the 5-minute K-line chart at any time for short-term, 15-minute K-line chart, and watch the weekly K-line chart and monthly K-line chart for long-term.

Looking at the K-line chart is nothing more than judging the trend of the stock price. If you find yourself paying more and more attention to the weekly K-line chart and the monthly K-line chart for a year or more, then you can enter the intermediate class.

Judge the general trend and look at long-term charts, such as weekly K-line chart and monthly K-line chart. When the weekly K-line chart and the monthly K-line chart are at a high level, the overall price risk of the stock market is greater, so pay attention to light positions. When the weekly K-line chart and the monthly K-line chart are at a low level, the overall price of chromium in the stock market is less risky. When buying, you can combine short-term charts (5-minute K-line chart, 15-minute K-line chart, 30-minute K-line chart, 60-minute K-line chart and daily K-line chart) to find low-level intervention. The same is true for selling, so the stock market seems to have opportunities every day, but in fact, big opportunities come every time.

The basic purpose of K-line chart is to find a "selling point". Although we are facing the same K-line chart, our understanding is different. You must observe carefully for a long time, at least your observation will experience a complete "bull and bear market". There are some books on how to make stocks from the perspective of technical analysis. You can buy it and have a look. "Wave Theory" is highly respected by everyone and should be read, but dialectically, it doesn't matter if you don't understand it for the time being. As the reading time increases, you will understand.

Noteworthy "Moving Average System"

On the candle chart, there are several curves with different colors, that is, moving averages, including 5-day moving averages (that is, draw a point with the daily average closing price of the past 5 days to connect these points), 10 moving averages, 20, 30, 60, 120, 250 moving averages, or you can set your own date, for example, 6544.

The turning point of the long-term moving average is often considered as a turning point. Because the stock price can be "created" in a few days, it can fool people's eyes, but the long-term moving average is not good. Therefore, the trend of the long-term moving average is often the trend of the broader market. If the moving average of more than 30 days stops its original direction one day, experts will remind everyone to pay attention.

When the stock price goes above or below the important moving average, experts will remind everyone to pay attention.

A few key points:

(1) Combination of long-term and short-term graphs.

(2)k-line chart combined with volume.

(3) The K-line chart is combined with the moving average.

K-line chart is a price list, and no one has any tricks. By looking at the K-line chart, you will hit the target. When learning various "technical theories", it is only useful to sum up your own methods according to your own experience. In a sense, every experienced stockholder is an "Eliot" (inventor of wave theory).

K-line graphically represents the increase and decrease and transformation process of the strength of buyers and sellers and the actual combat results. After nearly a hundred years of use and improvement, K-line theory has been widely accepted by investors.

When the closing price is higher than the opening price, the entity part is generally painted red or blank, which is called "positive line"

When the closing price is lower than the opening price, the solid part is generally painted green or black, which is called "negative line"

superiority

Can fully and thoroughly observe the real changes in the market. From the K-line chart, we can not only see the trend of the stock price (or market), but also understand the daily market fluctuation.

disadvantaged

The drawing method of (1) is very complicated and it is one of the most difficult charts to make.

(2) There are many changes in the line of Yin and Yang, so it is difficult for beginners to master the analysis, which is not as simple and easy to understand as a histogram.

K-line chart characteristics

K-line chart, which originated in Japan, was used by Japanese rice market businessmen to record the rice market and price fluctuation at that time, and was later introduced into the stock market and futures market because of its ingenious and unique drawing method. At present, this chart analysis method is particularly popular in China and even the whole Southeast Asia. Because the chart drawn in this way looks like candles, and these candles are black and white, it is also called yin-yang line chart. Through the K-line chart, we can completely record the daily or periodic market performance. After a period of trading, the stock price forms a special region or form on the chart, and different forms show different meanings. We can find some regular things from these morphological changes. The forms of K-line chart can be divided into reverse form, arrangement form, gap and trend line.

Stock k-line chart:

With the trading time as the abscissa and the price as the ordinate, the daily K-line is drawn continuously to form a K-line chart.

The columns in the K-line diagram can be divided into positive and negative lines. Generally, the red column represents the positive line and the black column represents the negative line.

If the closing price is higher than the opening price in the time period indicated by this column, that is, the stock price rises, the column is painted red, otherwise it is painted black. If the opening price is exactly equal to the closing price, a crosshair is formed.

K-line chart indicators:

Duoqi (reticle)

The name of the candlestick line that can provide its own information and has many important patterns. When the opening price and closing price of the market are equal, the candle body is the smallest, which makes it odd.

hammer

The price pattern of candlestick chart appears when the market transaction price is obviously lower than the opening price, but it rises again that day and the closing price is higher than or close to the opening price. This pattern forms a hammerhead candlestick.

Inverted hammer

The price pattern in the candle chart appeared when the securities trading rose obviously after the opening, but it was far from the highest point at the closing, losing most of the increase of the day. Tombstone)-a rising market gap, opening higher than the closing price of the previous trading day. It will hit a new high, and then lose its strength to close near the lowest price, which is a bear market momentum. The opening price of the entity below the shooting star in the next trading day will confirm the reversal of the trend. If the opening price and closing price are the same, the indicator is considered as a tombstone. Tombstone Dodge is more reliable than meteor mode.

meteor

A candlestick that reflects inversion. Before the stock price was high, the candles were big. The opening price on the day of the meteor phenomenon (usually) will be higher than the closing price of the previous day, and then the stock price will climb to a high point, but finally close at a price lower than the opening price.

Three white soldiers

Bai Sanbing is the reverse mode of bull market, forming three coherent long white candles. After a period of decline, the white three soldiers model indicates the change of market mentality and the reversal trend from bear market to bull market. The bull market is certain, and sometimes the reversal will form a price support level.

Three black crows.

The bear market reversal pattern consists of three continuous black candles. Every day the opening price is higher than yesterday's lowest price, but the closing price is lower than yesterday's lowest price.

Judgment method:

First, the single-day K-line form

The uniqueness of the K-line chart is that the strength of the market can be preliminarily judged by using the single-day K-line pattern.

The following are some basic K-line forms for reference only:

Dayang Line (Changhong): The opening price was close to the lowest price in the whole day, and then the price rose all the way to the highest price, indicating that the market buying enthusiasm was high and the gains were not exhausted.

Big Yinxian (Long Black): The opening price is close to the highest price in the whole day, and then the price falls all the way to the lowest price, indicating that the market has a strong downward trend, especially in high-priced areas, which is even more dangerous.

Lower shadow line: the price once fell sharply, but supported by buying power, the price rose again and closed at the highest price, which was a strong form.

Shadow line: After the price once fell sharply, but supported by buying power, the price rebounded upward. Although the closing price is still lower than the opening price, it can also be regarded as strong. However, it appears in the high-priced area, indicating that the price has a callback requirement, and attention should be paid to selling.

Upper shadow line: prices rise and fall, and the gains are blocked. Although the closing price is still higher than the opening price, there is resistance above, which can be regarded as weakness.

Upper shadow line: price inflation is blocked, and the gains are blocked. Although the closing price is still higher than the opening price, there is resistance above, which can be regarded as weakness.

Crosshair: The price dropped sharply after the opening, but it was supported at the low level. The buying below was proactive and finally closed near the highest price, showing strong performance. When the long shadow line appears in the low-priced area, it is often an important reversal signal.

Inverted crosshair: After the price skyrocketed, it encountered strong resistance at a high level and was finally forced to close its position near the opening price. Although there is a desire to attack, the market has repair requirements and is weak. When the inverted crosshair appears in the high-priced area, it is often an important change signal.

Cross star: the buyers and sellers are evenly matched and the trend is stable; However, in a strong city, the cross star often becomes the intersection of market power transformation, and the market outlook may change.

Word line: Four-in-one K line reflects that the market transaction is light, and it is difficult to have a big change in the market outlook; However, if it appears in the daily limit (down limit), it means that the power gap between buyers and sellers is too big, and the direction of the market outlook is clear, which is difficult to reverse in the short term.

Two-day or two-day K-line combination

By observing the K-line shape for two consecutive days, it is more reliable to measure the market combined with whether the current position is a high-priced area or a low-priced area.

High inversion form:

Yesterday, the cross closed and the multi-head attack was blocked; The next day, it opened higher and went lower, and finally closed near yesterday's closing price, indicating that the competition between long and short positions was fierce and the top selling pressure was heavy. Pay close attention to the market outlook and pay attention to delivery.

Yesterday, the reticle closed and the price showed signs of reversal; The next day, the market opened below yesterday's closing price, then the price fell all the way, and finally closed at the negative line, indicating that the empty side took the initiative, indicating that the market turned down and should pay attention to delivery.

Yesterday, the Zhongyang line closed, and the buyer was in full swing; After opening higher the next day, many parties could not follow the trend and fell sharply below yesterday's closing price, so the market weakened; This pattern appears after the high consolidation, so beware of the banker pulling the boat.

Yesterday, the Zhongyang line closed, and the buyer was in full swing; The next day, the upside was blocked again, and finally closed at the Yinxian line, but it was still above yesterday's closing price, indicating that the long-short competition was extremely fierce and the bulls were better. Pay close attention to the changes in the market outlook.

Low inversion form:

Yesterday, the cross line closed, indicating that the buying below was positive and the price stopped falling and stabilized. After the opening of the next day, the price continued to rise and finally closed at Xiaoyang Line, so the bulls' confidence increased and the price rebounded quickly. This combination appears in the low-priced area, which is a standard rebound form.

Yesterday, the Yinxian line closed, and the bears were fierce. The next day, it opened sharply lower. However, the buyer actively entered the market at the low level, rising instead of falling, and finally closed at the positive line, which was higher than yesterday's closing price, indicating that the empty side is weak and the price may rebound.

Yesterday, the Yinxian line closed, and the next day it opened sharply higher, and the price rose all the way, and finally closed at the highest price, indicating that many parties won, and the market outlook is expected to strengthen.

note:

There are many combinations of K-lines with different meanings. We should analyze them according to different price levels and their changing trends. Parameter setting can be combined with other auxiliary indicators (such as moving average, SAR, transaction accumulation) and so on.

Detailed explanation of k-line diagram view

K-line diagram is intuitive, three-dimensional and informative, and contains rich oriental philosophy. It can fully show the strength of the stock price trend, the change of the power contrast between buyers and sellers, and accurately predict the market outlook. It is a technical analysis method widely used in various media and computer real-time analysis systems. The recording method is as follows: (as shown in the figure) PS In order to modify my pictures conveniently, I will use the website instead of interested ones, so I can look at it myself.

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The daily K-line is drawn according to the four price points formed in the daily trend of stock price (index), namely, opening price, closing price, highest price and lowest price.

1, when the closing price is higher than the opening price, the opening price is lower and the closing price is higher, and the rectangular column between them is drawn in red or hollow, which is called the positive line; The highest point of the upper shadow line is the highest price, and the lowest point of the lower shadow line is the lowest price.

When the closing price is lower than the opening price, the opening price is lower than the upper closing price. The rectangular column between them is drawn with black or solid lines, which is called negative line. The highest point of the upper shadow line is the highest price, and the lowest point of the lower shadow line is the lowest price.

2. According to the calculation cycle of K-line, it can be divided into daily K-line, weekly K-line, monthly K-line and annual K-line.

Weekly K-line refers to the K-line chart drawn with the opening price on Monday, the closing price on Friday, the highest price and the lowest price in the whole week. The monthly K-line is based on the opening price of the first trading day of a month, the closing price of the last trading day and the highest and lowest prices of the whole month. The definition of annual K-line can also be derived. Weekly K-line and monthly K-line are often used to judge the mid-term market. For short-term operators, the 5-minute K-line, 15-minute K-line, 30-minute K-line and 60-minute K-line provided by many analysis software also have important reference value.

3. According to the fluctuation range of opening price and closing price, K-line can be divided into extreme yin, extreme yang, small yin and small yang, middle yin and middle yang, and big yin and big yang. Their approximate fluctuation range (as shown in the figure).

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The fluctuation range of extreme yin line and extreme yang line is about 0.5%;

The fluctuation range of xiaoyin line and xiaoyang line is generally 0.6-1.5%;

The fluctuation range of Yinzhong Line and Zhongyang Line is generally1.6-3.5%;

The fluctuation range of Yin Da Line and Dayang Line is above 3.6%.

4. The formation process and different meanings of several typical one-day K-charts are explained in the following time-sharing chart with trading volume. The time-sharing chart records the trend of the stock price throughout the day. Different trends form different kinds of K-lines, but the same K-line has different meanings because of different stock price trends.

A. xiaoyangxing:

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The stock price fluctuated very little throughout the day, and the opening price was very close to the closing price, which was slightly higher than the opening price. The appearance of Xiaoyangxing shows that the market is in a chaotic stage, and the market outlook is unpredictable. At this time, it is necessary to comprehensively judge according to the shape of its previous K-line combination and the price region at that time.

B. small yin star:

20075620264320 104.gif

The time-sharing chart of Xiaoyinxing is similar to Xiaoyangxing, but the closing price is slightly lower than the opening price. Explain that the market is weak and the development direction is unknown.

C. xiaoyang line:

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Its fluctuation range is small, the positive star increases, and the bulls have the upper hand slightly, but the upside is weak, indicating that the market development is chaotic.

D. hang the yang line:

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If there is a hanging positive line in the low-priced area, as shown in the figure, the stock price shows that the trading volume shrinks during the bottoming process. With the gradual rise of the stock price, the trading volume will enlarge the situation evenly and finally close at the positive line, indicating that the stock price in the market outlook is bullish.

If there is a hanging line in the high-priced area and the stock price goes out of the picture, it may be that the main force is pulling the boat, so you need to pay attention. E. lower shadow line and positive line:

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Its appearance shows that the multi-party attacks in the long-short battle are calm and powerful, and the stock price falls first and then rises, and the market has the potential to rise further.

F. Upper shadow line and positive line:

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It shows that the upward pressure is heavy when attacking in many ways. This pattern is common in the main test action, indicating that there are more floating chips at this time, and the gains are not strong. G. pierce one's head and feet:

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The stock price goes out of the graph as shown in the figure, indicating that many parties have taken advantage of it and there are waves of rising prices. The stock price rose steadily with the cooperation of trading volume, indicating that the market outlook is bullish.

Similarly, if the stock price trend shows sideways or falling for most of the day, and the market suddenly rises, it indicates that it may open higher and then go lower the next day.

200756203836503 19.gif

On the other hand, if the stock price fluctuates widely throughout the day, when the volume of the tail market rises and closes, it may be that the main force drove away the sedan chair passengers by oscillating the dishes that day, and then rose easily, and the market outlook may continue to be bullish.

H. Bald Yang and his party:

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If there is a bald line in the low-priced area, the time-sharing chart will show that the stock price has risen wave after wave after wave, and at the same time, the volume has been enlarged, indicating the beginning of a round of rising market. If it appears on the way to the rising market, it means that the market outlook continues to be optimistic.

I. barefoot line:

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It means that the upward trend is very strong, but there are differences between long and short sides at high prices, so be cautious when buying.

J. Upper shadow line and positive line:

It means that the multi-party upswing is blocked and the last selling is heavier. Whether the situation can continue to rise is still unclear.

K. shadow, shadow cross and t-line

Any one of these three linetypes appears in the low-priced area, which indicates that the next gear has strong bearing capacity and the stock price may rebound.

Variable length cross star

This line type is usually called variable cross star. Whether it appears in the high-priced area or the low-priced area, it can be regarded as a top or bottom signal, indicating that the general trend is about to change its original direction.

Dayin line

One day, the stock price was sideways, and the volume dropped suddenly at the end of the session, indicating that one sky finally occupied the dominant position in the battle, and it was more likely to open lower the next day. If the stock price goes out of the wave-by-wave decline as shown in the figure, it means that the empty side is cheap, many parties are unable to resist, the stock price is gradually lower, and the market outlook is bearish.

Edit this paragraph and use the K line to judge the factors that should be paid attention to.

K-line is a comprehensive reflection of price trajectory. Whether it is the opening price or the closing price, or even the upper and lower shadow lines, they all represent profound meanings. However, don't apply K-line mechanically. K-line or K-line combination in different stages of trend operation represents different meanings. To study the K-line, we must first understand the following elements.

First, for the same K-line combination, the monthly line is the most reliable, followed by the weekly line and the daily line. Of course, some investors like to analyze the annual line or sub-line. Through the study of futures market and stock market, the author thinks that the reference is of little significance. The probability of long-term combination with rising monthly line is the highest, and the reliability of combination with rising weekly line is also high, while the probability of cheating on daily line is greater, but it is very common. Therefore, when using the K-line combination to predict the market outlook, the daily line must cooperate with the weekly line and the monthly line to achieve better results.

Second, the same K-line combination means different meanings at different stages of stock price operation. For example, the same pregnancy line, which appears at the end of the falling section, is more credible than the bottoming signal that appears in the shock stage. Therefore, you can't think that it is the bottom arrival when you see the pregnancy line or the morning star line. You must look at it comprehensively in combination with the whole trend.

Third, the K-line combination must match the volume. Volume represents the consumption of power and the intensity of the game between long and short sides, and K line is the result of the game. Only look at the K-line combination, not at the volume, the effect will be halved. Therefore, the volume of transactions is the driving force, and the K-line pattern is the result.

The above three elements are the premise of studying the K-line of Yin and Yang. Only by paying attention to these three points can we study the K-line.

K-line chart characteristics

K-line chart, which originated in Japan, was used by Japanese rice market businessmen to record the rice market and price fluctuation at that time, and was later introduced into the stock market and futures market because of its ingenious and unique drawing method. At present, this chart analysis method is particularly popular in China and even the whole Southeast Asia. Because the chart drawn in this way looks like candles, and these candles are black and white, it is also called yin-yang line chart. Through the K-line chart, we can completely record the daily or periodic market performance. After a period of trading, the stock price forms a special region or form on the chart, and different forms show different meanings. We can find some regular things from these morphological changes. The forms of K-line chart can be divided into reverse form, arrangement form, gap and trend line.

K-line diagram is intuitive, three-dimensional and informative, and contains rich oriental philosophy. It can fully show the strength of the stock price trend, the change of the power contrast between buyers and sellers, and accurately predict the market outlook. It is a technical analysis method widely used in various media and computer real-time analysis systems.

superiority

Can fully and thoroughly observe the real changes in the market. From the K-line chart, we can not only see the trend of the stock price (or market), but also understand the daily market fluctuation.

disadvantaged

The drawing method of (1) is very complicated and it is one of the most difficult charts to make.

(2) There are many changes in the line of Yin and Yang, so it is difficult for beginners to master the analysis, which is not as simple and easy to understand as a histogram.

Edit the K-line type of this rising market.

1. The situation where the polar line appears in the two-star rising market is called two-star three-star. At this time, if the stock price rises with the volume enlargement, it is a buying opportunity with high credibility, and the stock price is bound to rise again.

2. Jumping up in the rising market, after pulling out a notched positive line one day, a negative line appears immediately, which is a precursor to the accelerated rise of the stock price. Investors don't need to panic to sell shares, and the stock price will continue to rise in the previous wave.

Put down the negative line

On the way up, as shown in the figure, there are three consecutive negative lines, which is a good opportunity to undertake bargain hunting. When the positive line on the fourth day exceeds the opening price of the previous day, it means that buying is stronger than selling. In order to raise the stock price, you should buy it immediately.

4. Upshifts and Hovering

As the stock price rises with the strong Dayang line, it will be slightly sorted at a high level, that is, waiting for a large number of hands to change. With the expansion of trading volume, we can judge another wave of gains. The consolidation period of the last shift is about 6 days to 1 1 day. If the cycle is too long, it means that the rise is weak.

5. Side by side Yang line

In the continuous upward trend, one day there is a positive line, and the next day there is a positive line almost side by side with it. If it opens higher every other day, you can expect a big market.

beyond the cover line

If there is a coverage line on the way up, it means that it has reached the sky-high price zone. After that, if there is a positive line of innovative sky-high prices, it shows that the market has signs of turning to buying, and the stock price will continue to rise.

7. Lift the insertion line

The market oscillated higher, and the next day there will be a negative line to cover it and pull out a negative line. This is a short-term retracement, and the stock price will definitely rise.

8. Three big yinxian lines

There are three consecutive big yinxian lines in the falling market, which is a sign that the stock price has been hidden to the bottom. The market will turn to buying, and the stock price will rise.

9. Three ways to rise

In the rising market, three consecutive small yinxian lines behind the Dayang line are a sign that the stock price will rise.

10. Jump the Yinxian upward.

Although this figure does not mean that there will be a big market, it can last for about seven days, which is the buying opportunity.