Magic 9 works good on daily, weekly and monthly chart, it wo...
Magic 9 works good on daily, weekly and monthly chart, it works on intraday too, but not as accurate as big time frames. We also have to consider the big pic trend and use multi-time analysis first, then use magic 9 to find out sweet entry spot on lower time frame.
When the stock price rises or falls during the 9 consecutive days, the trigger conditions will be met to generate a series of 1, 2, 3 …. 7, 8, 9, and the series will be marked above the K line on the day (below). Only when the stock price reaches the trigger condition for the sixth consecutive day, the series will begin to display, displaying 1, 2, 3, 4, 5, and 6 in sequence, and 7 will be displayed when the trigger condition is still reached on the seventh day. When the trigger condition is reached, the serial number in the previous 6 days disappears. The display logic of the eighth day is the same as that of the seventh day. When the trigger condition is still reached on the ninth day, a nine-turn structure (sequence) is formed. When the trigger condition is not reached on the ninth day, the serial number of the previous eight days disappears, and the nine-turn structure does not hold. The nine-turn structure formed during the rise of the stock price is called the 9-up structure, and the nine-turn structure formed during the decline of the stock price is called the 9-down structure.
When the stock price rises or falls during the 9 consecutive days, the trigger conditions will be met to generate a series of 1, 2, 3 …. 7, 8, 9, and the series will be marked above the K line on the day (below). Only when the stock price reaches the trigger condition for the sixth consecutive day, the series will begin to display, displaying 1, 2, 3, 4, 5, and 6 in sequence, and 7 will be displayed when the trigger condition is still reached on the seventh day. When the trigger condition is reached, the serial number in the previous 6 days disappears. The display logic of the eighth day is the same as that of the seventh day. When the trigger condition is still reached on the ninth day, a nine-turn structure (sequence) is formed. When the trigger condition is not reached on the ninth day, the serial number of the previous eight days disappears, and the nine-turn structure does not hold. The nine-turn structure formed during the rise of the stock price is called the 9-up structure, and the nine-turn structure formed during the decline of the stock price is called the 9-down structure.
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