Some people feel that technical analysis indicators are difficult to understand and have fears. In fact, in addition to technical indicators, we can also observe the trend of the exchange rate to grasp the timing. The foreign exchange field operates continuously for 24 hours, and it rises and falls and never stops. Its trend is like the day and night transition on the earth, and it will start again and again. Correspondingly, we can divide the exchange rate market into four stages: bottoming, rising, building head and falling. We can judge these patterns by observing the exchange rate chart, such as the commonly used K-line chart. First, the base price of the bottoming stage generally has a triple bottom, a head and shoulder bottom, a double bottom (W bottom) and a semi-round bottom (pot bottom). The larger the lateral construction area at the bottom, the more kinetic energy is accumulated and the greater the increase. At this stage, the low-buy and high-selling interval operations should be carried out. If conservative, you can give up the profit opportunities in this stage and move to the next stage. Second, the rising phase When the exchange rate breaks the neckline at the bottom of the previous period, it indicates the beginning of a rising trend, and the height of the rise is generally the vertical height at the bottom of the previous period. This stage is like a young man with strong physical strength, who lives desperately and rushes forward, and runs far and jumps high. Although there is no endurance, if you encounter difficulties, you can start again with a little rest, just like the main stage of rising market. The amplitude is large and the speed is fast. Although it lasts for a long time, but it encounters the pressure of the upper gear, as long as it is slightly backed up, it can immediately launch a new round of attack. The initial period of this phase should be the best time for us to bravely buy. The rising phase is also the main source of our profit. Third, the pillaring stage is the late stage of the ascending phase. At this time, the market trend attempted to rise again, but the bulls could not break through the previous wave high point, and finally broke the neckline to complete the head and entered the falling stage. At this stage, the medium and long-term buy orders in the early stage should be shot, and the short-term can try to operate in the fast-forward and fast-out intervals. Fourth, the down phase is the same as the rising phase, but the opposite direction. At this stage, the hearts of the people were scattered, the exchange rate was unable to support, and the rate of decline was rapid until the kinetic energy disappeared and turned into the bottoming stage. The down phase should be resolutely killed, and the stop loss will be quickly stopped, otherwise the loss will be huge.