A downtrend relay platform refers to a temporary stabilization of the stock market at a certain position after a period of adjustment. But its short selling momentum has not been fully released, and the adjustment has not yet ended. Therefore, after a brief period of contraction and sideways movement, we will continue to choose a downward trend.

Easy to appear at the center of the chip peak, which is a period of intensive trading volume

The buying state of a falling relay is a risky behavior, and investors should pay attention to distributing at high prices rather than buying at low prices.

Specific market characteristics

1. The falling relay platform and periodic bottom are both temporary stabilization and equilibrium trends that occur at a certain position after a period of rapid adjustment in the stock market.

2. The trading volume will continue to decrease, and in general, the volume at the bottom of a phase can be reduced to at least one-third of the previous peak volume. The number of falling relay platforms will also decrease significantly.

3. When the market is about to enter a phase bottom, the index tends to show a narrow range consolidation during trading, manifested in the form of candlesticks, where the physical size of the candlestick is small and there are often single or continuous small bearish and bullish candlesticks.

4. The hot topics in the trading session gradually quieted down, with only a few sectors or sporadic individual stocks performing their own market trends, but they did not play a role in gathering and driving market sentiment.

5. Most technical indicators are in oversold areas, where the J value of random indicators is at least below 20, usually falling to negative values; The 20 day moving average of psychological indicators is less than 0.4; On the 13th, the W% R indicator line was below -80.

6. Investors' enthusiasm for speculation tends to be cold, and their investment mentality is relatively calm. They generally do not want to adopt aggressive operation methods such as chasing gains and killing losses, but rather

Adopt some conservative investment strategies.

Although these common features increase the difficulty for investors to distinguish between a downtrend relay platform and a periodic bottom, there are still some scientific methods available

Being able to accurately distinguish the differences between the two.

For the identification of falling intermediate platforms and stage bottoms, the focus is on the two stages before and after the platform trend.