After the opening, the price continued to fall, and the open interest increased simultaneously. However, when the price made a new low, the open interest could not continue to increase (as shown in the box), so this low point could be the intraday low of today.
Through the changes in intraday open interest, we can simply judge the possible intraday low and intraday high that may occur on that day. However, technology is only relative and not absolute; it cannot be applied blindly. Multiple techniques should be combined, such as harmonic trading techniques, candlestick reversal pattern techniques, wave theory techniques, etc. The combined use of multiple techniques to identify stage bottoms or tops can significantly increase our success rate in entering trades.