缠论脚本

Today, let's talk about the second buy in Chan's theory. In the Chan theory system, the second type of buying point is defined as "the first bearish rebound after the first type of buying point that does not create a new low." This position is higher compared to the first type of buying point but possesses a more stable margin of safety. After a suspected first buy, if one heavily intervenes at the secondary level of the second buy position, one may encounter the dilemma of the central area extending to create new lows. This typical confusion reflects the deviation in understanding of most learners regarding the second buy—equating theoretical certainty with practical inevitability.
Master Chan explicitly pointed out in the original text: "The essence of the second type of buying point is the market's confirmation process of the first type of buying point." This confirmation process contains a self-validation mechanism of price movements. After the first type of buying point appears, the secondary trend will form an upward push, followed by an inevitable secondary pullback. If this pullback does not break the previous low, it serves as the confirmation signal given by the market. From a dynamic perspective, this process has completed the exhaustion test of the bearish force, just like the height of the first rebound after a spring is compressed, which often reflects the real comparison of bullish and bearish forces.

Classification of buy and sell points
- First type of buy point: formed when divergence occurs below the 0 axis.
- Second type of buy point: formed after confirming the pullback after the first rise above the 0 axis.
- First type of sell point: formed when divergence occurs above the 0 axis.
- Second type of sell point: formed after confirming the rebound after the first drop below the 0 axis.
Note: Identifying divergence is the foundation of Chande theory.

Chande Theory - The Path of Trading Script and MACD Auxiliary Indicator
Two forms of MACD
1. Divergence of yellow and white lines: used to capture divergence segments.
2. Divergence of the area of red and green bars: used for precise strikes in divergence segments.
MACD as an auxiliary judgment method
- The strength of the moving average's rise is more important; MACD only serves as an auxiliary.