What does the high wave line mean? The high wave line refers to a line with very long upper and lower shadows. It is a variant of the spindle line and the doji line, which represents the state of long and short stalemate.
Once the high wave line appears, it means that the market has lost its direction at present, and the trend may change at any time. It is best to judge the significance of the high wave line based on the subsequent changes in the market.
The upper and lower shadows of the high wave are long and the real body is small, which means that the long and short positions are stuck, and the market direction is lost. The trend will change, which is a precursor to the change.
High wave line description:
- The head and bottom can be seen from the high wave line.
- If the high wave line appears the next day, if it closes in black, temporarily wait and see.
- Profits should be taken first if the highest price is not reached after three days.
- You should maintain a high degree of vigilance and avoid getting stuck in high-end products.
The line wThe line with long upper shadow and lower shadow is called “high wave line”, which represents the state of long and short stalemate. After the trend is obvious, if there is a “high wave or” long foot cross “line”, it shows that the market has lost its direction. “