How to draw lines to get pressure points and support points in stocks

Support Line and pressure line
Painting method:
Connect two or more low points to a straight line to obtain the support line.
Connect two or more relative highs to a straight line to obtain the pressure line.
Usage:
1. Functions of the support line and pressure line
The support line is also known as the offset line. When the share price falls near a certain price point, the share price stops falling and may even rise back. This is the position of the support line to prevent the share price from falling or temporarily stop the share price from falling.
The pressure line is also called the resistance line. When the stock price rises near a certain price point, the stock price will stop rising or even fall back. The price that stops or temporarily stops the stock price from rising is the position of the pressure line.

The support line and pressure line are used to stop or temporarily stop the stock price from moving in one direction. At the same time, the support line and pressure line have completely prevented the stock price from changing in the original direction.
2. Mutual conversion between the support line and the pressure line
If a support line falls below, the support line will become a pressure line. Similarly, if a pressure line is broken, the pressure line will become a support line. This shows that the status of the support line and the pressure line is not static, but can be changed, on the condition that it is effective enough to make a breakthrough in stock price changes.
3. Confirm and print the support line and pressure line
In general, there are three considerations for the importance of a support line or pressure line to the current impact. One is the duration of the stock price stay in this region; the other is the volume of the stock price in this region; third, the distance between the time of occurrence in this supporting area or pressure area and the current period.
Trend Line

Painting method:
In the rising trend, the two low points are connected into a straight line to get the rising trend line.
In the decline trend, the two highs are connected into a straight line to get the decline trend line.
Usage:
The trend line is used to measure the direction of price fluctuations. The direction of the trend line clearly shows the trend of the stock price. To get a real working trend line, it must be verified in many aspects before final confirmation. First, there must be a trend. Secondly, after a straight line is drawn, it should be verified by the third point to confirm that this trend line is valid.

Rail Line

Painting method:
The track line, also known as the channel line or pipeline line, is a method based on the trend line. After the trend line is obtained, the parallel line of this trend line can be made through the first peak and valley. This parallel line is the track line.
Usage:
Two parallel lines form a track, which is often referred to as the rising and descending tracks. The role of the track is to limit the range of stock price changes. Breakthroughs in the above or below lines will mean a big change. Unlike the breakthrough trend line, the breakthrough of the track line is not the start of the reverse trend, but the start of the trend acceleration. Another role of rail lines is to generate a warning of trending.

Golden line

Painting method:
Drag the mouse from a relatively low point to a relatively high point to obtain the golden line.
Usage:
There are several special numbers in the gold split line, of which 0.382, 0.618, 1.382, and 1.618 are the most important, and the stock price is extremely easy to generate support and pressure at the Gold split line produced by these four numbers.

Percentage line

Painting method:
Drag the mouse from a relatively low point to a relatively high point to get the percentage line.
Usage:
The starting point of the percentage line is people's psychological factors and the demarcation points of some integral digits. Among them, the three lines of 1/2, 1/3, and 2/3 are the most important.

Speed Resistance Line

Painting method:
Place the mouse at a relatively low point and adjust it to a position consistent with the trend to get the speed line.
Usage:
The most important function of the speed line is to determine whether a trend is being broken through temporarily or permanently (in turn ).

Gan line

Painting method:
Place the mouse at a relatively low point and adjust it to a position consistent with the trend to get the Gan line.
Usage:
The Gan line draws multiple rays from a certain point of view. It uses an angle method to help determine some important support resistance positions. Band line
Painting method:
Drag the mouse from a relatively low point to a relatively high point to get the percentage line.
Usage:
The band line is used to measure the increase or fall between a high point and a low point, which serves as a reference for trading opportunities. The band ranges are 1/4, 1/3, and 1/2 respectively.

Linear Regression

Painting method:
Drag the mouse from a relatively low point to a relatively high point to get the percentage line.
Usage:
Linear regression, linear regression, and linear regression channels: linear regression, linear regression, and linear regression channels determine the price trend for a certain period of time based on the principle of mathematical linear regression. Linear regression returns the stock price trend in a certain period of time, and then determines the overall trend in this period of time; the linear regression band draws a parallel channel line of Linear Regression Based on the highest and lowest prices in the period. The regression channel is an extension of the linear regression band. Fabric line
Painting method:
Drag the mouse from a relatively low point to a relatively high point to obtain the Fibonacci line.
Usage:
The Fibonacci series is a string of magical numbers: 144,233,377,610,987,159, 5 ...... Up to infinity. The foundation for constructing the magic digital series of February is very simple. It starts from 1, 2, and 3 and generates an infinite number series. 3 is actually the sum of 1 and 2, and a series of numbers will appear in the future, in accordance with the preceding simple principle, two consecutive adjacent numbers are added, which is equal to the number following the same. For example, 3 plus 5 equals to 8 plus 8 equals to 13, 8 plus 13 equals to 21 ,...... Up to infinity. On the surface, this digital series is quite simple, but there are infinite mysteries hidden behind it. When using the above magic digital ratio, investors and analysts can better predict the bottoming signals of the stock price if they cooperate with the wave pattern, coupled with the assistance of the power system indicators.