What is the meaning of the cross K line?
The cross star in the K-line diagram indicates that there is pressure on the top and support on the bottom.
1. If the cross star appears in the relatively low stock price, it may stop falling and rise;
2. If the cross star appears at a relatively high stock price, it may turn down;
3. If there is a rise or fall for a short period of time, it may be a relay pattern, that is, it will continue the previous trend soon.
Basic knowledge of K line:
K-line chart, also known as candle chart, Japanese line, yin-yang line, bar line, etc., is commonly referred to as "K-line". It originated from the rice market trading in the period of Tokugawa shogunate in the 18th century (1603-1867), and was used to calculate the daily rise and fall of rice price.
The K-line shows the process of the increase and decrease of the strength of the buyer and the seller as well as the actual combat results. After nearly a century of use and improvement, the K-line theory is widely accepted by investors.
1. Shadow line: in the K-line diagram, the thin line extending upward from the entity is called shadow line. In the positive line, it is the difference between the highest price of the day and the closing price; in the negative line, it is the difference between the highest price of the day and the opening price.
2. Shadow line: in the K-line diagram, the thin line extending downward from the entity is called shadow line. In the positive line, it is the difference between the opening price and the lowest price of the day; in the negative line, it is the difference between the closing price and the lowest price of the day. Bareheaded and barefoot: there is no upper shadow line or lower shadow line. Therefore, it can be regarded as the "reverse line" in the actual operation. Therefore, it can be used as a buying warning, should be optimistic about the future, choose the opportunity to build positions.
3. Cross K-line: when the closing price is the same as the opening price, this kind of K-line will appear. It is characterized by no entity.