The "golden toad" in stock trends is a common pattern, even more common than the "old duck head" trend.
1. First look at what form is the "golden toad" trend:
two high points in the trend, forming the toad's two eyes, and the arc between the two eyes forms the toad's mouth.
2. The key points of Golden Toad:
(1) The two high points should be increased, and the distance between the two eyes should not be too far.
(2) The right foot cannot be lower than the left foot (it should show an upward trend). The
(3) callback should shrink the volume, especially when the second high point callback is called! (It is washing the market, not shipping)
(4) After the right foot is completed, the increase will increase! (This is the best follow-up point).
3. Cases on the daily line:
These three cases, the conditions of the Golden Toad are met. In addition to the volume-intensive follow-up mentioned above, there are two other types of intervention points. One is that the volume shrinks and does not break the 60 moving average, and the other is that the volume breaks through the previous high of the Golden Toad, which is the third intervention point.
4. The golden toad on the weekly K-line: the golden toad on the weekly line is relatively large! But the truth is the same. The right foot does not break the 60-week moving average, which is the best intervention point.
This situation is better. callback shrinkage . If you stay away from the 60 moving average, you will start to rise. The first red K-line can follow up. Case on
5.60 minutes line:
The success rate of the Golden Toad running along the 60-hour moving average of the upward trend is very high. If you break the level, don’t follow up!
Auxiliary judgment method for the operation key points of the golden toad:
The success rate of the golden toad on the upward channel is relatively high, and the probability of the golden toad on the downward channel is relatively high. The success rate of the Golden Toad that cooperates with the upward trend of
and the market is relatively high, and the probability of the Golden Toad that market is in a downward trend is relatively high.
Conclusion: Whether it is an old duck head, a dolphin beak, or a golden toad, from the perspective of details, the most core element is the organic coordination of form and quantity energy. Overall, the key element is to combine it with the upward trend, satisfying these two points, and the success rate of trend patterns is very high.
technical post, no investment advice.
