Some friends asked, what is a 1-hour rebound?
I originally wanted to use the words in the theory to express it, but after thinking about it, for novices, it is still very difficult to explain to them. So I simply answered it in my own words, here’s what I said:
In layman's terms, we divide each rising and falling band in the K-line and look at it separately. Then the bands on the K-line chart are large and small. In order to distinguish the size of the band, the concept of level is introduced. It is the same level as the commander, regiment commander, and company commander in the army. Then we define the smallest level as the 15-minute level, the larger one as the 1-hour level, the larger one as the 4-hour level, and the larger one as the daily level.
The 1-hour rebound you asked about refers to a certain rebound band, which we define as a 1h-level rebound. The 1-hour level rebound does not only rebound for one hour, but from the starting point to the highest point of the rebound, which generally takes 1-3 days or more.
I don’t know if everyone can understand this explanation😷