Every time the market rebounds, the highs and lows are decreasing, but there are two key points:
1. The market has been running in this parallel channel and has not broken through, which means that this is just a pattern trend, not a downward trend.
2. Although the highs and lows are decreasing, the overall market has been running above the "long-term downward trend line", which means that this is just a normal correction in the bull market. No matter how much it falls, it has not broken the trend line, and the air force is powerless.
Next is the key point:
Let's take a look at the volume in the parallel channel. There have been three rounds of declines. The volume of each decline is gradually shrinking, and the decline volume is weaker each time, which means that the decline has become increasingly powerless.
It seems that the price is breaking a new low, but in fact the power of the air force has been gradually exhausted by the market. To put it bluntly, it is a big sound but little rain.
Let's take a look at the volume of the long army. From the initial shrinkage, it has gradually increased, especially the Yang line in early August, which released a huge volume.
Although this K-line is not big and belongs to the cross line, this cross line has a long lower shadow, and the volume is huge, and it has not fallen below the parallel channel.
From these clues, it can be seen that from the appearance of this K-line, the long and short forces in the entire shock range began to change. There are signs that the air force has changed from strong to strong.
Look at last week, although another negative line was closed, this negative line is also a cross line, and it did not fall below the previous low. At the same time, the volume of this negative line has been severely reduced, which means that the air force has been exhausted.