Notes
The importance of the trend depends on three aspects: time period, trendline length, and the number of times the price is touched. The trend at the weekly level is more important than the daily level, the longer the duration of the trend, the more important it is, and the more times the price touches the trend, the more important it is.
In practice, we will find that the steeper the angle between the trendline and the horizontal line, the shorter the duration of the trend, and the flatter it is, the longer the duration.
In addition, the volume is also an important indicator to confirm the trend. In an uptrend, the volume expands as prices rise and contracts as prices fall. In a downtrend, the volume expands as prices fall and contracts as prices rise. If the volume and stock price are inconsistent, it is a signal of a trend reversal.

CWeb is currently under short-term pressure near 58 with a more obvious bearish trend. Focus on the retracement, particularly near 49.5.

In general, the first 30 minutes after the market opens is the most active period of trading in a day, reflecting the value judgment of ordinary retail investors. Retail investors usually choose to close or open positions at the beginning of the market, so the opening price is often near the high or low point of the daily chart, and the price gradually tends to be rational thereafter. Institutions generally choose to operate near the closing time to avoid holding positions overnight.
The candlestick chart is formed by these bars formed after each day's trading, and then forms various patterns, trends, and so on. Let's discuss the concepts of resistance and support.
Concept of Support and Resistance
Resistance: When selling pressure blocks the upward trend and the market price reaches a certain level, it seems to create a resistance line or resistance level that hinders the continuation of the upward movement of the stock price.
Support: When the buying pressure forcefully interrupts the downtrend, when the market price reaches a certain level, it seems to create a support line that affects the stock price from continuing to fall, acting as a resistance line, which we call a support line or support level.

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