How to draw the neckline of Ethereum
Head and shoulders bottom is a typical trend reversal pattern, which is a bullish pattern at the end of the market decline. The graph is formed by left shoulder, bottom, right shoulder and neck line. The trading volume of the three troughs is graally enlarged. After effectively breaking through the neckline resistance, the form is formed, and the height of stock price reversal is generally greater than the vertical height between the neckline and the lowest point
the trend of head shoulder bottom can be divided into the following different parts:
(1) the rapid decline, followed by the rebound, forming the first trough, which is commonly known as "left shoulder". When the left shoulder part is formed, the trading volume shows signs of amplification in the process of decline, and tends to decrease when the lowest point of the left shoulder rises< br />

After finishing a rising wave, the stock price has a "relative high point", and then it is sold or pressed back. If the stock price rises again near the starting point, if it can effectively break through the "relative high" in the early stage, then the stock price will break through upward, and there will be a period of increase to be expected
The "relative high point" is the "neck line position". When it falls, on the contrary, there is a "relative low", which is also called "neck line" According to the structure of the human body, neck is a part of the head, which is the watershed between the head and the body According to the structure of the human body, neck is a part of the head, which is the watershed between the head and the body. The neckline is a straight line that runs through the left neck from the left shoulder and connects the right neck with the right shoulder. It is the real dividing line between the head and the body
extended data:
when stock price fluctuations enter the market, there will be various forms, and the head shoulder form takes a long time, such as head shoulder top, head shoulder bottom, compound head shoulder bottom and compound head shoulder top. If the shape is represented by a simple figure, we can see where the neckline is
the head shoulder base is the inverted form of the head shoulder top, and the neck line is the same as the head shoulder top, and there are three different patterns:
first, the left shoulder top is higher than the right shoulder top, and the neck line is inclined from left to right
The second is that the neck line is straight through the left and right shoulder top when the left and right shoulder top are at the same height The third is that the top of the right shoulder is higher than the top of the left shoulder, and the neck line inclines upward from left to rightit is more difficult for technical analysts to take the neckline. Generally speaking, the most simple and effective method is to take the extension line of the line between the bottom of the left shoulder and the bottom of the right shoulder closest to the head
as mentioned above, when stock price fluctuations enter the market, there will be various forms, and the head shoulder form takes a long time, such as head shoulder top, head shoulder bottom, compound head shoulder bottom and compound head shoulder top. If the shape is represented by a simple figure, we can see where the neckline is
the bottom of head and shoulder is the inverted form of head and shoulder top. The selection of neckline is the same as that of head and shoulder top, and there are three different patterns: first, the left shoulder top is higher than the right shoulder top, and the neckline is inclined from left to right; Second, if the left and right shoulder tops are equal, the neck line will pass through the left and right shoulder tops; Third, the top of the right shoulder is higher than the top of the left shoulder, and the neck line inclines upward from left to right
in addition to the head shoulder shape, there are also complex figures in the stock price fluctuation pattern, which are composed of two right shoulders, two left shoulders and one or two heads. That is, compound head and shoulder shape. Therefore, it is more difficult for technical analysts to get the neckline. Generally speaking, the most simple and effective method is to take the extension line of the line between the bottom of the left shoulder and the bottom of the right shoulder closest to the head.
200; :=3;< br />1:=REF(HHV(H,H),26152;);< br />20302;1:=REF(LLV(L,L),26152;);< br />H1:=1-(1-20302;1)*0.191;< br />H2:=1-(1-20302;1)*0.382;< br />H3:=1-(1-20302;1)*0.5;< br />H4:=1-(1-20302;1)*0.618;< br />H5:=1-(1-20302;1)*0.809;< br />39030; REFDATE(1,DATE),COLORRED;< br />0.809:REFDATE(H1,DATE),COLORYELLOW;< br />0.618:REFDATE(H2,DATE),COLORMAGENTA;< br />0.500:REFDATE(H3,DATE),COLORWHITE;< br />0.382:REFDATE(H4,DATE),COLOURS;< br />20116;0.191:REFDATE(H5,DATE),COLORYELLOW;< br />20302; REFDATE(20302;1,DATE),COLORRED;< br />
VAR31:=HHVBARS(ZIG(3, 19)> REF(ZIG(3,19),1)
AND REF(ZIG(3,19), 1)< REF(ZIG(3,19), 2,0);< br />STICKLINE(VAR31=2,L*0.95,L*0.98,8,0),COLOR0000FF;< br />DRAWTEXT(VAR31=2,L*0.95,&35; 39; 3d35;39;) COLORYELLOW;< br />STICKLINE(VAR31=4,H*1.05,H*1.02,8,0),COLOR9966FF;< br />DRAWTEXT(VAR31=4,H*1.06,&35; 39; 53d,35;39;) COLORYELLOW;< br />STICKLINE(VAR31=7,L*0.95,L*0.98,8,0),COLOR00FF;< br />DRAWTEXT(VAR31=7,L*0.95,&35; 39; 81d35;39;) COLORYELLOW;< br />STICKLINE(VAR31=12,H*1.05,H*1.02,8,0),COLORFF33FF;< br />DRAWTEXT(VAR31=12,H*1.06,&35; 39; 13035;39;) COLORYELLOW;< br />STICKLINE(VAR31=20,L*0.95,L*0.98,8,0),COLOR0066FF;< br />DRAWTEXT(VAR31=20,L*0.95,&35; 39; 21d35;39;) COLORYELLOW;< br />STICKLINE(VAR31=33,H*1.05,H*1.02,8,0),COLORFFFF00;< br />DRAWTEXT(VAR31=33,H*1.06,&35; 39; 34&35;39;) COLORYELLOW;< br />STICKLINE(VAR31=54,L*0.95,L*0.98,8,0),COLOR006600;< br />DRAWTEXT(VAR31=54,L*0.95,&35; 39; 55&35;39;) COLORYELLOW;< br />STICKLINE(VAR31=88,H*1.05,H*1.02,8,0),COLOR00FF00;< br />DRAWTEXT(VAR31=88,H*1.06,&35; 39; 89&35;39;) COLORYELLOW;< br />STICKLINE(VAR31=143,L*0.95,L*0.98,8,0),COLORCCFFFF;< br />DRAWTEXT(VAR31=143,L*0.95,&35; 39; 1444,35; 39;) COLORYELLOW;< br />STICKLINE(VAR31=232,H*1.05,H*1.02,8,0),COLORFF0033;< br />DRAWTEXT(VAR31=232,H*1.06,&35; 39; 233rd COLORYELLOW;< br />STICKLINE(VAR31=376,L*0.95,L*0.98,8,0),COLORFF9966;< br />DRAWTEXT(VAR31=376,L*0.95,&35; 39; 3773,35;39;) COLORYELLOW;< br />20998;- 211063;-
