Step by Step Guide:Drawing Tools
How to Use Date/Price Range
The Spatial Ruler is a very simple and practical measuring tool that can help investors measure the rise and fall of stock prices and better predict target prices. Based on the measurement results of the Spatial Ruler, investors can formulate corresponding trading strategies. How do we use it? For example, let's take the "M" top pattern mentioned earlier. According to market experience, once the stock price falls below the neckline, the further space for further decline is equal to the distance from the neckline to the top. In this case, we can first use the Spatial Ruler to measure the price difference between the neckline and the top, and then calculate the potential target price for the stock price to fall based on this price difference. The above are some commonly used line drawing functions. Of course, the stock market is ever-changing, and line drawing also requires constant verification and adjustment, and combined with other technical indicators, fundamentals, market environment and other factors, in order to make more effective investment judgments.
The Spatial Ruler is a very simple and practical measuring tool that can help investors measure the rise and fall of stock prices and better predict target prices. Based on the measurement results of the Spatial Ruler, investors can formulate corresponding trading strategies. How do we use it?
According to market experience, once the stock price falls below the neckline, the further space for further decline is equal to the distance from the neckline to the top. In this case, we can first use the Spatial Ruler to measure the price difference between the neckline and the top, and then calculate the potential target price for the stock price to fall based on this price difference.
The above are some commonly used line drawing functions. Of course, the stock market is ever-changing, and line drawing also requires constant verification and adjustment, and combined with other technical indicators, fundamentals, market environment and other factors, in order to make more effective investment judgments.