Fibonacci callback line

Horizontal positioning support and resistance

Using the K-line combination form, the head and shoulders of the daily line level appear, and the market outlook is bullish. In fact, after breaking through the neckline position, it has risen sharply.

Simple effect

The short answer should be: 1, find and judge the effective support level and resistance level.

2. Flexible use of equidistant channels to judge the trend channel, the overall upward or downward or facing the adjustment direction at the stage.

3. Use Fibonacci to simply find some key support and resistance levels in the big period.

4. Keep in mind all kinds of classic K-line combinations for continuous judgment of K-line.

In short: we should learn to judge the support and resistance, and use the trend channel and K-line combination flexibly.