At this stage, we should pay special attention to the bull trap, which is often called a false breakthrough. Otherwise, it is easy to be trapped at a high level. So how to identify true and false breakthroughs? I personally summarized a few points:
Volume: A true breakthrough must be pulled up with volume
Space: The space for breaking through the pressure level is at least 5%
Time: The longer the support level is stabilized after breaking through the pressure level, the more effective it is
K-line characteristics: It has experienced a wash-out and a downward pressure test before the pull-up in the early stage
Disk characteristics: The momentum when pulling up should be sufficient, such as the speed of pulling up. Don't drag your feet, be hesitant, and pull a little and then fall back. It is definitely not okay.
🚨 During the breakthrough, we should pay close attention to the changes in the disk situation. During the pull-up process, the main funds will also observe the strength of the follow-up disk and the upper selling pressure. If the follow-up disk is weak and the selling pressure is large, the main force will most of the time give up the pull-up and continue to adjust below. At this time, we should withdraw immediately.
