The first circle is the previous second high point, while 16545 points is theoretically the peak of this upward trend. However, the K-line at this peak of 16545 points was only a flash in the pan, instantly returning below the previous second high point. In such market conditions, the second high point is much more important than the peak. When we notice that the price rises and then returns below the previous second high point, as long as the price surge cannot break through the previous second high point, we can use the previous second high point as a resistance level to enter a short position. In my trading, I often use the previous second high points and second low points as resistance and support levels.
