Chapter 3: K Line
Regarding K Lines, the concepts of support and resistance that you are familiar with are not useful. The origin of K Lines is the Japanese candlestick chart, but Japanese candlestick charts are a product from the 1970s and have little practical use today. So why do we still need K Lines? In my fundamental philosophy, I use K Lines to find passive traders. Passive traders are those who blindly believe in K Lines. I need to identify where they are and target them, which is also what the market makers think. Basic knowledge can still be learned, but it should not be the primary way to use it, a point that many people have not thought through. Therefore, repeatedly studying K Lines is meant to help you find where they are. Once you understand this sentence, you will basically understand my meaning.