Detailed explanation of classic Rising K line pattern
Classic rising K line pattern will appear repeatedly. If you master the meaning of these combinations, your trading will be greatly improved. When a rising K line combination appears, it tells you that the price will rise soon, stop selling and start buying;
When classic rising K line combinations that appear in a downtrend
In a downtrend, the rising K line combination represents a reversal pattern. The product price has bottomed out and stopped falling. Short orders should close in time. Investors can enter the market with long orders.
「Morning Star」is composed of 3 k lines, the first is negative line, the second is small positive line, small negative line or cross line, and the third is positive line.
The morning star means that the falling market will end and it will turn to rise.
「Flush of Dawn」 consists of two k line, first there is a big negative, and then a big positive line. The positive line body penetrates more than half of the negative body.
Flush of Dawn means that the falling market will end and it will turn to rise.
「Rising Sun」appeared in a downtrend. It consists of two K lines, first there is a big positive line and then a higher open negative line. The closing price of the positive line is higher than the opening price of the negative line.
「Flat Bottom」appears in a downtrend, consisting of 3 or more K lines, and the lowest price is near the same price.
Flat bottom is a kind of bottoming signal. Not often, but the accuracy is high.
Classic rising K line combination that appear in an uptrend
In an uptrend, the rising K line combination indicates that the trend continues and the product price will continue to rise;
「Up Three」appears in an uptrend, three small negative lines appeared after the big positive line, followed by another big positive line.
Up Three indicate that although the long position has encountered obstacles, the correction has been small for consecutive days, and the market outlook will continue to rise.