Running discussion on SP, page-20146

My pleasure.
Well done on your trade.

Here's interesting explainations:

The ratio between waves and waves

There is no simple rise and fall between the waves and the waves. The operation between them can not only see the strength of the trend, but also have a very obvious proportional relationship with each other, which also provides us with a kind of identification wave type. method. (taking the upward trend as an example, the downtrend is similar)

Wave 1 : About half of the first waves belong to the part of the bottom form. Looking at the waves alone, there is nothing that can be said in detail, that is, whether there is a bullish signal similar to the Morning Star, and the magnitude of the rebound determines the strength of the upward trend.

Wave 2 : Sometimes the pullback is quite large, which makes market people mistakenly believe that the bear market has not yet been completed; at the end of the second wave, it is easy to form a bottom-inversion K-line combination alone, or form a head-shoulder bottom and a double-bottom with a wave. Note that the pullback generally follows the golden ratio, with more calls for 0.618 and 1.

Wave 3 : usually the most explosive wave; the running time and amplitude often belong to the longest wave; most of the time becomes the extended wave; the classic signal of the traditional chart, such as the gap jump, the fairy guide, etc. The length of the third waves is generally 1.618 times that of the first wave.



All the best.