For short-term traders, simply using daily candlestick charts is not enough; shorter period candlestick charts must also be examined. We often use 30-minute candlestick charts. In the short-term candlestick charts, we can find that 1-minute and 5-minute candlesticks are the most sensitive. Due to their high sensitivity, stability is much poorer, while 60-minute and daily candlesticks are relatively stable but have lower sensitivity. The 30-minute chart balances sensitivity and stability, providing a better trading effect. The 30-minute candlestick chart is our advantageous tool for judging the short-term market and individual stocks.
Buying Method
Foot Buying Method
When the 13 line shows high and low foot patterns, an effective pattern occurs with the left foot low and the right foot high. When making the right foot, it is best to have low volume, and the K-line should operate with small bearish and bullish patterns on the 13 line. At the same time, the MACD's DIFF crosses above the DEA. At this time, a small amount of entry is recommended, and the additional buying point is when there is an increase in volume and the bullish candlestick stands above the 3 moving averages, while the MACD's red bars lengthen. During the period when the 77 and 99 lines are flat or turning up, the 13 line exhibits a shape similar to our foot, forming the heel, arch, and sole shapes. It is better to enter at the sole, and when at the heel, the MACD indicator shows a bunch of green bars, while there is a small bunch of green bars at the sole. Buying on the small bunch of green bars is called 'buying small.' The key in usage is to pay attention to the fact that the green bars at the sole must be smaller than those at the heel or have already turned red.
Rapid Rising Point
Refers to the 77 and 99 lines being flat and turning upward (establishing a short-term upward trend), with the stock price firmly above the 77 and 99 lines, and this temporary adjustment during rapid rise is called the rapid rising point.
Line Approach Method
Refers to relying on the 13 line, not the 77 or 99 lines. After the stock price stands above the 77 and 99 lines, if the stock price suddenly rises and the 13 line does not keep up, indicating a distance from the 13 line, it needs to approach the line when the stock price is close to the 77 and 99 lines. It's like a relay race; if the front runner runs very fast, the back runner has to adjust when they can't keep up. At this position, the K-line will fluctuate slightly up and down, waiting for the 13 line to rise and synchronize upwards.