In fact, from a technical perspective, there are many confusing things in the currency circle. For example, why after the downward trend of the market continues for a period of time, there will definitely be a downward spike in a certain sideways stage, and then it will rebound, and then continue to appear in the next stage. The second or even the third downward spike will officially reverse upward?

From a psychological perspective, it is to use the spikes that lure shorts and lures more to repeatedly break the psychological defenses of retail investors and force them to sell their stocks. To put it simply, it is a reverse "wolf cry" story. At the same time, the spikes before the reversal are also to clear out the high-leverage gamblers.