Weichai Power, before we operated a rebound trend, at present, to see the inflection point of this ticket in the second opportunity, you can track and explain the next trend in detail.
Daily chart
On the daily chart we have seen the structure of the daily line, we know in the entanglement theory that the market is divided into two kinds, one is a 3-stage type, one is a 5-stage type, Weichai Power is a 5-stage or 3-stage type, at present, we can only see from the daily chart that the stock is now in the divergence section of the daily downward pen, the future trend is the main decline section, or the divergent buy point, we can observe it from the small cycle.
60min
Opening the 60min graph, we found that the trend of Weichai Power has a corresponding 5-stage decline, and we can think that this 60min decline is bottomed. As for whether it can be flipped, it is not yet confirmed, but what we can know is that this ticket appears in this position is a 5-stage decline, which is also called the gold pit on the K-line chart, or the bottom of the head and shoulders. The subsequent trend should be like this.
Future trend prediction
Therefore, combined with the daily chart and the 60-minute chart, we have reason to believe that Weichai Power has basically bottomed out, and at this position, it belongs to the position where the position can be opened. As for whether to flip or not, we expect him to pull back and whether he can break through the position of the yellow line after the retracement. Dear officials, please pay attention.