Hangqing has not fluctuated much, let me share some useful information (M head of K line)

The M head, also known as the double top, is one of the more common reversal patterns in the K-line chart. It consists of two relatively similar high points. Its shape is similar to the English letter "M", hence the name. During the continuous rise, , when it rises to a certain price, the trading volume increases significantly, and the currency price begins to turn around and fall back. When it falls to a certain position, the currency price rebounds upward again, but the trading volume shrinks slightly from the first peak, and rebounds to near the previous high. After that, it fell for the second time and fell below the low of the first fall. The currency price moved like an M shape, forming a double top.

M head features are as follows:

1. The M head pattern is formed after the currency price rises to a certain stage. The pattern appears with two peaks, becoming the left wing and the right wing respectively. Theoretically, the two high points of a double top should be basically the same, but in actual K-line trends, the left wing is generally slightly lower than the right wing.

A difference of about 3% is common

2. Draw a horizontal line at the low point of 92666 where the first peak (left wing) forms a pullback, forming what is commonly called a neckline. When the stock price rises again and falls back below the support of this horizontal line (neckline), it is a double top. The form is officially announced.

3. During the formation of the double top, the trading volume of the left front is larger, followed by the trading volume of the right front. The trading volume is decreasing, indicating that during the second rebound of the currency price, the intensity of funds chasing the increase is getting weaker and weaker, and the currency price has risen to the end.

4. After the double top pattern is formed, the currency price will often show a counterattack trend during the decline, but the counterattack is not strong, and the neckline position constitutes strong resistance.

When investors encounter an M-head pattern, how do they find the best selling point? The first selling point is the top right turning point of the "M head", where most investors sell. This is the best selling point of the "M head". Anyone who sells here can be called a "prophet". The second selling point is the neckline. After the stock price falls below the neckline, it indicates that a larger downward trend is coming. At this time, selling all the goods in hand is the wisest operation. #ETH #BTC #技术分析