#看懂K线 K Line (Candlestick Chart) is an important tool for reflecting price trends. Understanding K Lines requires starting from the basic shapes, components, and the combination of multiple timeframes. Here are the key points:

1. Basic Composition of K Lines

K Lines consist of 'body' and 'upper and lower shadows'. Different colors (usually red/green, bullish/bearish) represent price increases or decreases:

• Body: The range between the opening price and the closing price.

◦ Closing price > Opening price: Bullish line (often marked in red or hollow), indicating a price increase.

◦ Closing price < Opening price: Bearish line (often marked in green or solid), indicating a price decrease.

• Upper Shadow: A thin line above the body, with the highest point being the highest price of the day.

• Lower Shadow: A thin line below the body, with the lowest point being the lowest price of the day.

2. Key Shapes and Meanings (Taking a Single K Line as an Example)

1. Long Body Bullish/Bearish Line

◦ No upper or lower shadows, long body, indicates strong upward/downward momentum, with a clear one-sided market trend.

2. Doji

◦ Opening price ≈ Closing price, extremely small body, long upper and lower shadows, representing fierce competition between bulls and bears, possibly a trend reversal signal.

3. Hammer/Inverted Hammer

◦ Long lower shadow, small body (bullish or bearish), when appearing at low levels is called a 'Hammer' (possibly signaling a bottom reversal), when appearing at high levels is called an 'Inverted Hammer' (possibly signaling a top reversal).

4. Shooting Star/Inverted Hammer

◦ Long upper shadow, small body, when appearing at low levels may be a reversal signal (Inverted Hammer), when appearing at high levels may be a top signal (Shooting Star).