Next Week's Focus: Can the Weekly K-Line Top Fractal Be Destroyed?
2007/9/14 15:33:01
As expected, a weekly K-line top fractal appeared this week, and it created an exquisite short-term opportunity. So next week's question is: can this weekly K-line top fractal be destroyed? Those who've followed this ID's lessons know that after a weekly K-line top fractal appears, if it finds support at the 5-week moving average without effectively breaking below it, then this top fractal only creates a small-level correction—not a large-level correction like a weekly K-line stroke adjustment. Therefore, next week's trend is very clear: the focus below is whether the support at the 5-week moving average can produce the destruction of this top fractal.
On the smaller-level chart, today's movement was explicitly described yesterday—forming a 1-minute hub, then deciding the market's development based on that hub's oscillation behavior. Today's price action did exactly that. Monday's movement is simplest to describe: it's whether the 1-minute hub between 98 and 101 produces a third-type buy point first or a third-type sell point first. If the former, then this 1-minute upward trend will continue, and the probability of the top fractal being destroyed is very high. If the latter, then a second bottom test becomes inevitable, and the 5-week moving average will continue to be tested.
These past two days' charts have perfectly demonstrated this ID's theory—from which you can see how an upward line segment evolves into a 1-minute trend type. Going forward, continue watching how this trend type grows to its eventual completion. If you truly understand this ID's theory, watching the market's trend is like hearing a flower bloom, seeing a flower's fragrance, smelling a flower's beauty—everything radiates brilliantly in the present moment.
Weekend—let stocks go pound tofu and grind walls.
Signing off, goodbye.
缠中说禅 2007/9/14 20:32:12
[Anonymous] 悟空 Delete all comments by this person
2007-09-14 16:10:17
Old man
I'm a friend on your blog. If you need anything on mining technology or management, happy to help.
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Best if the third level down in that mine has old-pit jadeite. Go take a look.
Teacher needs a toilet cleaner, I'm willing to serve.
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