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imS ꃸྱ

焰淨堈淨堈

an 鞘ྱn‫ ت‬䙥鿠䖃a䙥䖉 facebook.com/zyoit Zyobooks : facebook.com/zyobooks

ༀี Mark Minervini ൭㤳⸸㔷ี⸸‸⸸൓ༀѵ㔷ѵ㔷Ҳีༀ Ǚ ˞ༀ⸸ 㔷 Ҳี ⸸ ˤˑี⸸ ǫ ǫѵ 㔷 Ǚ ⸸ ǫ ⸸ ǣǫˢ⸸⸸‸Ǚѵ Ҳˤ⸸ǣ ˤ ⸸ ൭㤳⸸ ˢ ี ⸸ ‸⸸ ˞㔷 a↣䙥䙥 鞘ྱn䙥 䙥 a 䖉䙥

ːǫ ѵǙǙี⸸ ‸ ˞㔷Ǚ 㔷 ⸸ Ҳ ⸸ǣːǫ ːˤ Ǚ⸸ี Ǚ⸸ːѵ Ҳǣ ǫ˒൭ ⸸ˤːѵ⸸ ǫ ǫѵีༀ ː ⸸ ⸸ ҲǙ⸸ี ‸Ҳǣːǫ ˤˑี⸸ ǫ Ҳ⸸‸˒⸸ 㐵㠮㤰 ani㠮 ana . . ⸸⸸‸˒⸸ีༀ ൭㤳⸸ ൓⸸ 㔷 ѵˤ⸸㔷⸸ ⸸ ǫ ˞ༀ㔷ѵˤ ⸸Ҳ . 㔷 ǫ ˞ༀ㔷‸˒⸸ีༀѵѵѵ൭⸸ǫ㔷‸ ˤีༀǙี ˞⸸ ⸸ѵี ѵ ѵˢ ⸸ Ҳ⸸ː ѵǫ 㔷ѵ Ҳǣ ˤ⸸ ⸸ː ѵǫีༀ ༀǙ ൓⸸ ːˤ Ǚѵѵ ൭ǫี ⸸㔷˒ ‸⸸ǫǫǙ Ҳǣːˤ Ǚ ⸸ ˤ⸸ 㔷ǫ ː . ˤ ːǫ ǣ‸ ѵˤ ˤ 㔷 ѵ ‸ːǣ ⸸⸸ˤ ˤѵ‸⸸ѵี⸸ˤ ⸸⸸ Ǚ‸ˤ 㔷ѵ⸸ี Ҳ⸸ː ѵǫ Ҳǣ 㔷ѵีༀ൭ǫǣ⸸ 㔷㔷⸸Ǚ ൭ǫǣˤ Ҳ⸸ː ѵǫ Ҳǣ 㔷ѵ ีༀː ‸ Ҳ ѵ ˞ༀ⸸ ⸸ ⸸ ǫ Ҳǣ㔷 ǫ ǫ 㔷 Ҳ⸸ː ѵǫ 㔷‸˒⸸ ꀀ䗠禀 ⸸ ǫ Ҳǣ㔷 ǫ ǫ 㔷 㔷ѵ ⸸ ǫ ี⸸ː 㔷 ǫǣีༀ Ǚ ‸ ˤ 㔷㔷⸸Ǚ ⸸ ǫ൭ǫ ൭ǫǣǙ ⸸ ǫ Ҳ⸸ː ѵǫ 㔷⸸⸸ˤ ːǫ ǣ‸ ˤ⸸  Ҳ⸸ː ѵǫ ː ‸⸸ ⸸ ǫ Ҳ ѵ Ҳǣ㔷˒ ‸⸸ǫǫǙ ˤ⸸ǫǣ ˒⸸ีༀ㔷 ⸸ѵ ൓⸸ѵѵ Ҳ 㤶 〼 Ҳǣ ǫ⸸ ǫ ‸Ǚ ‸ǫ˞㔷⸸ ǫ ൭Ҳีༀ ⸸ ൭Ҳ ǣ ǫǣ ‸ǫ˞㔷 ǣ㔷˒ ‸⸸ǫǫǙ ⸸ ǫѵː ⸸⸸ ⸸ ൭ǫี ี ⸸ ‸˒⸸㔷˞ༀ⸸ ⸸‸Ǚˤѵ ѵี ˤ⸸⸸ ǫ ː Ҳǣˤ ːǫ ǣ‸ ൭ǫǙ ⸸ ǫ ˞㔷 ːˤ Ǚ ีༀ ѵ ⸸ 㤶 ːҲ㔷 㔷ѵ൭ 㔷 Ǚ‸ . Ҳ⸸ː ѵǫ Ҳǣ 㔷ѵ   ˤ⸸ . Ǚี൭ǫǙ ⸸ ǫ ˞㔷

ǣ ‸Ҳ ⸸ี ‸ ⸸㔷⸸ ː ี ༀ ː ‸ Ҳ ѵ ˞ༀ⸸ ⸸ Ҳǣ⸸ ǫ൭ǫ ൭ǫǣǙ ⸸

⸸˒⸸

⸸⸸⸸Ҳ˒⸸

⸸ ǫ⸸

⸸ Ǚีːˤ Ǚ 㔷⸸ ǫ ˞㔷 ˢ

. ǫ ː ൭ǫ ⸸ ǫ ˞㔷

൓⸸ ǫˤ ˤ ǙѵǙ Ǚѵ˒Ҳ 㔷 i 㐵n

(

ǫ

ѵǙǙี Ǚ˞ༀ㔷 ี

⸸‴൭ǫǣ ː ˤ 㔷 Ǚ⸸ː˞㔷 ˞㔷 ˤีༀ  ⸸ǫ ѵǙ ˞㔷‸˒⸸㔷㔷⸸ 㔷 ⸸ː ѵ‸˒⸸ǫ ː ѵǙˤༀ㔷㔷⸸ѵ൭ Ҳˤ ⸸ีༀѵˤ ˤ  ˤ ‸ǙีༀǙี ⸸ 㤶 ีༀ ี⸸ ˤѵǙ ‸Ǚ˞㔷⸸‸˒⸸ ˤ㔷˞ༀ⸸ Ҳǣ ˞ѵ‸ ˒⸸ ˢ Ǚ ˤˑี⸸ี⸸㔷⸸ ⸸ ǣː ‸ǫ ˞ༀ㔷‸˒⸸ ˤ ⸸ ˞㔷 ⸸ Ǚ 㔷 ˢ Ǚ㔷  ˤ ༀǙ ‸ː˒ Ǚีːˤ Ǚǫˢ ൓⸸ǫ ǫˢːˤ Ǚ  ǫ Ҳǣː˒ 㤶 㔷 Ҳ ѵǫˤǙีༀ ี ːǙǙ ⸸ ൓⸸ Ҳǣː ‸ː˒ Ǚѵˢ ǫǣѵีีༀ ˒ѵѵѵ㔷  㔷 ⸸˞ༀ㔷 ːˤǫ ⸸⸸ Ǚѵˢǫ ˞ༀ㔷‸˒⸸ː ˒ѵ ˢ ˒ѵ ‸Ǚ ⸸ǫ㔷 ൭ѵ ‸ ‸˒⸸ ⸸ǣ Ҳ ѵ ˤ ⸸‸Ҳ ˤ㔷 ˢ ⸸ǫ ˞ༀ㔷‸˒⸸ ˤ ⸸ Ҳ ѵ⸸ǫǣǫ㔷 ‸Ǚ ‫ت‬㤲 㤶吠 䙥  ‫ت‬㐹 Ǚ ǣ‸ ⸸ ǫ൭ǫ ⸸ีༀ‸ ѵ ˒ ⸸ ˤༀ ːǫ ˤ ‸ǫ˞㔷 ˤ ⸸ ‸⸸˞ༀ㔷 ⸸ Ҳ ѵ ൓⸸ีༀ ⸸ѵ⸸㔷⸸ ‸⸸ ⸸⸸⸸⸸ ˞㔷 Ǚ˞ༀ㔷‸˒⸸ ѵ ˤ ⸸‸Ҳ ൓ ˤ൭ǫ ⸸ ⸸㔷⸸ ǣǙีː⸸Ǚ ‸ Ǚ‸˒⸸⸸⸸ Ǚѵ൭‸Ǚѵ  Dž 䙥n  ྱǏ 䙥 ˤ൭ǫ ⸸㔷  ǫ  ǫǫː ǫༀǙ ⸸ ⸸ ˤ‸ ˒ѵ ⸸ ‸⸸˞ༀ㔷 ีༀ ː ⸸ː ѵǫ㔷㔷⸸Ǚ ‸Ҳǫ ː ‸˒⸸ˤༀǙ ⸸㔷⸸‸⸸ Ҳˤ ⸸ː ‸ ⸸ѵːˤ Ǚ Ǚѵ˒Ҳ ‸˒⸸ ⸸ѵี ˞⸸ ⸸ ˤ ǣ൭ǫ ⸸Ҳ⸸㔷 ˒ѵ Ǚ˞ༀ㔷 ี ⸸ ˒ѵ ˢ ѵ ˒ Ǚ ˒ѵ ːༀ ˒ѵ ‸˒⸸ีༀ ⸸⸸Ҳ˒⸸ ⸸Ҳ ǣ Ǚ ǣ‸ ˒ѵ ⸸ Ҳǣ൭ǫ ˤҲ ⸸ Ҳ ѵ ൓⸸ǫǣ ǣ ˤ Ҳǣˤༀ ൓⸸ 㔷 a鞘ǘ䖉鿠 䖃 Lj 鿠㤶吠 Ǚ ǣǙ㔷‸ ːˤ Ǚ ⸸ ˤ⸸‸ѵ ˤҲ ⸸ ѵ൭ ˤ ⸸⸸ǫ ˒⸸ǫˢ൭ ⸸ ˤ⸸ Ǚ ⸸ ǫ ǣː⸸ǫี ː ⸸ː ѵǫ 䳌ༀ ˤ ⸸ ˤ⸸⸸㔷 Ҳ ǫ ǣː⸸ ⸸㔷 Ҳ⸸ ǫ൭ǫ ⸸ ǣѵǙ ǫǙ ⸸ Ǚ˞ༀ㔷ǫ ː ⸸ ˤ⸸⸸㔷 Ҳ㔷 ǫˤѵ ǫˤ ǫ㔷Ǚ⸸ ൭ǫǙ ⸸ ǫ ˞㔷 ҲѵҲ ⸸ ൓ ˒ѵ ‸⸸൓ༀ ൓ༀ ѵ ‸ ‸⸸ˤ ⸸ ǫ ǫ  ⸸ѵѵ ǫ Ǚ ˢǫ Ҳˤ ⸸ีༀ ˒ѵ ːˤ Ǚ ⸸ ˤ⸸‸ѵ ˤǙ⸸ 㔷⸸ˤ Ǚี⸸ ǫ ǣ Ǚ‸˒⸸ ⸸ѵ ൓⸸ ⸸ ǫ൭ǫ ⸸ǫ ː ǣ ൭㤳⸸ ˤีༀ ⸸⸸Ҳ˒⸸ ˢ ⸸ ⸸Ǚ Ǚ ⸸ีༀ⸸⸸ ǫѵ㔷㔷⸸൭ǫǣ ⸸ ǫ ⸸⸸ีีༀ Ǚ 㔷㔷⸸ѵ൭

‸Ǚѵ Ҳˤ ‸˒⸸ ǣ൭ǫ ˤ ˢ ൓⸸ ǫ ǣ ǫ ‸ ѵ൭ ǫ ˞㔷 ː Ҳ⸸⸸㔷 ⸸ Ǚ ⸸⸸ˤ ǫ ี ⸸㔷 ⸸ѵ ൓ༀ‸Ǚ ൓ ⸸ˤ ⸸ีༀ ⸸ǫ⸸㔷 ˒ѵ ǫ ː ˤༀ ˤ ː ⸸ ˒ѵ ˢ ˒ѵ ൓ ˒ѵ ːༀ ˒ѵ Ҳǣǫ ː ൭ѵ⸸㔷 ˢ ⸸ ˤ ː ѵǙː㔷 ൭Ҳีༀ ⸸ ൭ҲǙ ⸸⸸⸸ Ǚ˞ༀ㔷 ี ⸸ ˤ⸸ Ҳǣ ൭ѵ ‸ ⸸㔷⸸‸⸸ ǫ ː ːҲ˞ༀ㔷⸸ѵ‸ˤ ⸸ีǙ⸸ ˞㔷 ൭㤳⸸Ҳ⸸ǣ ǣ  ǫ  ǫǫː ีༀ ː ː ː˞㔷 ˤ ː ⸸ีǙ⸸ ǣ ⸸ѵ ǫ㔷Ǚ⸸ ˤ㔷Ҳ˒ǙีༀҲѵҲǙ ⸸ ːǫǙ⸸‸ ѵ൭ Ǚ˞ༀ㔷 ൓‸ǫ˞㔷ѵ⸸Ҳ ˒ѵ ːༀ ˒ѵ ൓ༀ ൭㤳⸸ ˒ѵีༀ‸˒⸸ ǫༀǙˤༀ

‸˒⸸ ൓⸸ ǫ ǣ㔷ǣѵǫ ːǫː ‸ǫ ː ‸˒⸸ ːҲ˞ༀ㔷⸸ѵ‸ˤ ‸˒⸸  ⸸ǫѵѵ ǫ ǣǙี㔷ː ⸸ ีༀǫ Ҳ‸⸸˒⸸‸Ҳ ⸸⸸ː˞㔷⸸ ǫ 㔷⸸ː ѵǫ Ҳǣ 㔷ѵ Ǚ˞ༀ㔷 ˢѵ ൓⸸ː ѵǫ ⸸⸸Ҳ˒⸸ːˤǫ ːː  ѵ‸ǫ ⸸ ⸸ ːѵ‸⸸ Ҳǣ Ǚༀ⸸ ѵѵ ːѵ‸⸸ ൭䳌

Ǚ

㔷 ⸸ༀ⸸ː˞㔷

ีༀǙี㔷ˑ ҲǙ ⸸ีༀ ˒ѵ Ҳǣ ˤ ѵ⸸ǫ ː ‸˒⸸ ൓⸸⸸ː˞㔷 ːˤ Ǚ Ǚ ǫ ǫ  Ҳ⸸ː ѵǫ ːˤ Ǚ ༀ ˞⸸ 㔷ˑ˒ǫ⸸ Ҳǣˤ  ⸸

ːǫː ‸ǫ ː ‸˒⸸ ːҲ˞ༀ㔷⸸ѵ‸ˤ Ҳ⸸ː ѵǫีༀ㔷㔷⸸Ǚ ѵี⸸ˤ Ҳ ѵː ѵ ːˤ Ǚ⸸ ˞ༀ⸸ ⸸ ǣ ⸸ ˤ⸸ ‸ː⸸⸸㔷⸸

Ǚ ǫˤǙˤ

ǣ ѵี ˤ⸸⸸ ⸸⸸ˤ ːǫ ǣ‸ ⸸ː ‸⸸ ีༀ൭ǫǣ Ǚ⸸ǙˢҲː ‸˒⸸ Ǚ˞ༀ㔷 Ҳ⸸ː ѵǫ㔷㔷⸸Ǚ ѵี⸸ˤ ีༀ ˤ⸸ ː ѵ ⸸ ǣ 㔷Ǚ⸸ǫǣ ˤ⸸⸸ ǫ൭ǫ ǫ ː ൭香 ‸Ǚ ː⸸⸸ ‸ːˤ Ǚ ⸸ ‸˒⸸Ǚ ⸸ ൓⸸ ˞㔷Ǚ ⸸ ൓⸸ ǫ ː ⸸ ˒ ൓⸸ ‸˒⸸˒⸸ ːҲ˞ༀ㔷⸸ѵ‸ˤѵˤ ‸ ˒ ҲˑǫǫǙѵ ː˞㔷 ːˤ Ǚː ѵ‸ˤ Ҳǣːˤ Ǚ ˞ༀ⸸ ⸸

‫ ت‬吠 a ‫ت‬ ː ѵ‸ˤ ⸸ ˤ ‸ ˒⸸ ǫ ⸸ ǫ ൭Ҳีༀ ⸸ ൭Ҳ ː ː  ˑ˒ǫ⸸ ːˤ Ǚː ѵ‸ˤ‸Ǚ ൓⸸ ǫǫ㔷ː㔷 ⸸ ˤҲ˞㔷ˤ ˢǫ ‸Ǚ ⸸ Ǚ ⸸ ːˤ Ǚː ѵ‸ˤː ‸‸˒⸸ˤༀ ⸸⸸ีีༀ ǫ Ҳǣ ⸸ 㔷 ⸸ ѵ⸸ 

 ⸸‸  ൭㤳⸸ ⸸ ǫ ‸˒⸸

‫ ت‬吠൭ǘǏ䙥 ൭䙥 ːˤ Ǚ ˞ༀ⸸ ⸸ ː˞㔷⸸ː ѵǫ㔷㔷⸸Ǚ ѵี⸸ˤ ː Ҳีༀ ൭ǫǣǙ ⸸ ǫ 㔷⸸⸸ˤ ːǫ ǣ‸ ːˤ Ǚ ˞ༀ⸸ ⸸ː ‸ǫ ː ːҲ˞ༀ㔷⸸ѵ‸ˤː൓⸸ː⸸ ǫ ˞㔷ѵ⸸ǫ ː ‸˒⸸ ൓⸸ ˞ ༀ⸸ ⸸ѵี ‸ ‸˒⸸ีༀǙี⸸ː ѵǫѵี⸸ˤ ‸˒⸸Ǚ ⸸  ⸸⸸

Ҳ ѵː ѵ ༀ Ҳ ѵ ˞ༀ⸸ ⸸⸸

Ҳ⸸ː ѵǫǙ ⸸  ѵ‸ǫ⸸ ༀѵี 㔷

High, Tight Flag Pattern : The Power Play

⸸‸⸸ ˞㔷 ǫѵ ี ⸸‸˒⸸ ‸ѵѵ⸸ː ѵǫ ⸸  ีༀ Ꜹ ˞ༀ㔷 ǫˢ൭㤶 ǙˢҲː Ҳ ⸸ ‸ǫี ѵѵ ี ⸸ ൓ aྱ aྱ 㐵ྱ ˤ ൭㤳⸸ 㐵 i㠮n ีༀǫ Ҳีༀ ˒ѵ ː ⸸ː ѵǫ ‸Ǚ ⸸ีༀ ˒ѵ Ǚี Ǚ Ǚ⸸ Ǚ ǫ ǫ ː ൓⸸ ǫ ⸸ǫ ǫˢ൭ ⸸ีǙ⸸  ˞ༀ⸸ ⸸ ǫ ː ˤༀ ൓⸸ǫˤѵ ǫˤ

ˤ ǫ ǣ

ǫǣǙี⸸ ǫ ൭Ҳีༀ ⸸ ൭Ҳ ⸸㔷⸸ ː Ǚ ⸸ ⸸⸸ ˤ ː ː ‸ǫ˞㔷ѵǙǙี ˤ Ҳ ⸸ѵѵ

po吠䙥൭䖃 鿠 e ↣䙥䙥 aྱ aྱ f 㐵ྱ 吠ྱa䙥ྱ䖉 ǫༀǙ ⸸ีༀǫ ː ˢ⸸ ˒ѵ Ҳ˒ ൓⸸㔷 ǫˤѵ ǫˤ ѵ ˤҲ ѵǙ ⸸⸸ ii㤰 ˤༀ ‸ѵ ൓⸸ ѵ൭ѵѵ ꜸꜸ挠 ൭㤳⸸㔷 ⸸㔷 ѵˤ ˤ㔷Ҳ˒ǙǙ‸ Ҳ ѵ ˤ⸸㔷⸸‸⸸ ⸸⸸ǫ ː Ǚ⸸ ǣ㔷 ˢ ⸸ༀ ൭㤳⸸ǫǣ ǣ ˤҲ ‸⸸൓ༀ ⸸⸸⸸ǫ ː ⸸ a i 㐵 ⸸⸸ǫ㔷 ː ⸸ ǫ൭ǫ ˤҲ ⸸ 㔷ѵѵǙ ⸸⸸ Ꜹ 挠 ⸸ǫǣ ǣ ˤҲ 㤱 ൭ѵ ‸ ⸸Ǚี‸˒⸸  ˤˤༀ 㔷‸Ҳ ⸸ǫ ː a i 㐵 ี  ˤ⸸  ⸸⸸ ˤ⸸ีˤ㔷Ҳ˒Ǚ ǣҲѵҲ㔷 Ǚ ⸸ Ҳ⸸ǣ ǣ a i 㐵 ǣ ൭㤳⸸ 龸䗠 ː˞㔷⸸ǫ㔷 ǫ ː ൓⸸Ҳ 䳌⸸൭Ҳ ⸸ǫ㔷 ː Ҳ ǫ˞ༀ㔷 Ҳǣ ༀǫ ː ⸸ˤ ː ˤ㔷Ҳ˒Ǚ⸸ ǣҲѵҲ㔷 Ǚ ⸸ ˒ѵ ˞㔷ː˞㔷ˤ⸸ีༀǙี⸸ ǫ 㠮i㐵㤰ǀ( ⸸ǫ㔷 ǫ ː ีༀ a i 㐵 ൓⸸ѵ൭ ǫ㔷Ǚ⸸ Ǚี ˤ㔷Ҳ˒Ǚ ⸸ ⸸˒⸸ ː ⸸ˤ⸸Ǚ ⸸⸸ˤ ː Ҳีༀ ‸Ҳ  ˤ a ྱǏ ‫ ت‬㐹‫ت‬ Ǚ⸸ ‸ Ҳ 㔷 ⸸ ˢ ⸸Ǚีːˤ Ǚ⸸ ⸸Ҳˤ㔷 ˢ ˤҲ Ҳี Ǚ 㔷⸸ีҲ 㔷⸸ˤ Ǚ 㐵 i㠮n ⸸ี ǣ  ⸸ǫ ⸸Ǚีːˤ Ǚ ีༀ Ǚ ⸸ ǫ ǣǙ⸸ ⸸ ⸸⸸ ǫѵˢ ีːˤ Ǚ⸸ǫ ีༀ ൭〠ǣѵѵ ǫ Ҳǣ ː⸸⸸ ีːˤ Ǚ ˒ѵ ⸸ ˤีༀ ൭㤳⸸ 㐵ྱ ⸸⸸ѵ൭ ⸸ ǫ൭香㔷⸸⸸ːˤ Ǚ ีༀ ː˞㔷 㔷‸⸸ี ‸⸸ Ǚ˞ༀ㔷Ǚ⸸ѵǙѵ൭ 㔷 ǫː‸Ҳ㔷⸸ ൓ༀ⸸ ǫѵˢˤ㔷Ҳ˒Ǚ 㔷⸸ีༀǙ⸸ 㠮i㐵㤰ǀ( ǣ ˤ ѵѵ ǫː Ҳˤˤ㔷Ҳ˒ǙѵǙ 㔷ǣ⸸ ‸ǫǣˤ 㔷  ǀ ǀ ǫ⸸ǣ ⸸ ⸸ѵˤ Ǚ㔷 ˞㔷 ൭㤳⸸⸸ ǫҲ˒⸸㔷ี⸸ ѵ Ҳ ‸⸸൓ༀ 㔷 ( aྱ 禀i aྱ i㠮 ีༀ⸸ ⸸

‫ت‬䖃 ྱ 䖃a ༀีༀ Ǚ‸Ҳѵ‸Ҳีༀ ˒ѵː˞㔷 㔷 ǫ㤶 ѵѵ Ǚีༀ 㔷⸸ ǫ

㔷 ǫ㤶

⸸⸸ ǫː 㔷ǣѵǫ Ǚ˞ༀ㔷ѵ‸ǫ ีༀѵ‸⸸⸸

൭ǫ Ҳǣˤˑี⸸ ǫ ǫѵ‸˒⸸ 㔷 Ǚː˞㔷 ൭㤳⸸⸸⸸ ˤ 㔷⸸ ีༀѵ˒ѵ⸸ ѵǙ 㔷Ǚ ༀี  ˤˑีːѵ ⸸ ⸸ 㔷 Ǚ ǫༀǙ ⸸ Ǚ ѵ˒⸸ѵѵ  ѵ‸ǫ ѵǙ 吠 n ǘ鿠 吠 ൭鿠鞘ǘ䖉鿠 ൭Ǐ oa ↣൭ ൭鿠 吠 䙥 㐹n㐹 ‫ت‬㤲 o䖉䙥 ྱǏoa 䙥ྱǏ↣ 㤲㐹 ǘ鿠‫ت‬䖃 ྱ o  䖉䙥

n

Ǚ⸸ː ѵǫѵѵ  ѵ‸ǫ ↣  ‫ ت‬

鞘ǘ䖉鿠

ːˤ Ǚ ː ǫ ⸸ Ҳ ѵ‸˒⸸ѵǙǙี ˤ⸸ѵ‸⸸ Ҳ ีༀ ൓⸸⸸ ː ǫ⸸⸸ Ǚ ༀː˒ ː Ǚ ⸸ѵѵǙ ⸸  ѵ‸ǫ ː˒ ⸸ ༀǙี ːǙ ⸸ ൓⸸  ⸸⸸ ⸸ ǫ ǣː ⸸ː ѵǫ ⸸‸˒⸸ѵѵ⸸⸸ ː˒ 㔷 ѵ ⸸ ‸ ˢ⸸ 㔷 ⸸ༀ⸸ː˞㔷 ˞㔷㔷ǣѵǫ ˞㔷 Ǚ˞ༀ㔷ѵ‸ǫ Ҳǣ Ǚ˞ༀ㔷ѵ‸ǫ Ǚ⸸ ǫ ѵ ⸸ 㔷ː˒ ѵǙѵѵ ˢ⸸ 㔷 Ǚ㔷ѵ൭ ⸸ ǣː ‸ː˒ Ҳี ˤ Ҳ ѵ ൓⸸

㤱

鿠↣൭ ൭  㐹 ‫ ت‬ ‫ ت‬吠o䙥 䙥  ‫ ت‬吠吠 吠Ǐ䙥 ǘ鿠 㤲 ྱǏ 吠 nn鿠吠↣ 吠ǘǏ鿠 p吠 吠Ǐ䙥 䙥o䖃Ǐ a ൭ 吠 p 㐹 吠 㤲ǘ鿠 o䖃 Ǐ 鿠ǘǏ䙥 㤲n䙥鿠 ‫ ت‬吠o

 ǫี Ǚ ǫ㔷Ǚ ǫี Ǚ ǫ㔷Ǚ Ҳǣ ǫี Ǚ ǫ㔷Ǚ ˞ༀ㔷ีༀˤ Ǚ˞ༀ㔷 㔷⸸ Ǚ ൓ ൓ༀ 㔷Ǚ 㔷Ǚ ⸸ ː˒ ⸸ ǣ㔷 ˢ ǫ⸸⸸ ǫ㔷ǫ 㔷⸸ ⸸⸸ 㔷ѵี ː⸸ีༀ ⸸˒⸸⸸ ⸸ ǫҲ˒⸸ Ҳǣ Ҳ൭ǣ⸸ ǫ ⸸⸸ː ѵǫ Ǚ ǫ ǣ ǫี ⸸ǫˢ ː⸸ː Ҳǣˤ⸸ ีༀ ǣ⸸ː ѵ൭ ˢːˤ Ǚ ː ǫ ⸸ Ҳ ѵ‸˒⸸ѵѵ 㔷 ‸Ǚ˒ːˤ Ǚ ⸸ ѵ൭ีༀ ǣ ൭㤳⸸⸸⸸ ǫѵ‸˒⸸ีༀ ⸸ ˒ѵ Ҳˤ ⸸ ǣ ǙǙ 㔷 ༀ ː ː ː˞㔷 ‸ːˤ Ǚ‸Ҳѵ‸Ҳ ːҲ˞ༀ㔷⸸⸸ː ː˒ ѵ൭  ː ѵˤˤ ː⸸ีༀ ˢѵˤ ː ѵǙѵѵ‸ǫ㔷⸸ ѵǙ ː ҲǙ˞㔷ː 㔷 Ҳ 鿠ne 䙥 䙥 ྱǏ 㤲 p ↣㤲㐹鿠n 㤲 鿠n 䙥 鿠䙥 a 鿠吠 p 㤲  9 吠 吠ྱ o䙥 䖃䙥↣㤲㐹鿠䙥 ൭ 鿠 p吠 䙥൭‫ ت‬p 鿠 鿠 鿠 ↣㤲㐹 ‫ ت‬吠o 䙥 鿠 p 鿠 吠 吠ྱ p ‫ت‬n a 䙥鿠 鿠

㤲 a ൭‫ ت‬p

Ꜹ ‸ ⸸ː˒ ༀ ǫༀǙ ⸸ ː˒ ːˤǫҲ ⸸ ǫ ‸ ǫˤีༀ ˒ѵ  ีༀː ѵѵ ǫ ǣː˒ 㔷ѵѵ൭ǫǣ ⸸ ǫ ǫѵѵˤ ⸸ ː ⸸ˤ⸸⸸㔷 ⸸㔷⸸ ˞ༀ㔷 ˤҲ ѵ˒⸸ ǣ ѵѵѵǙː ‸ ีˤ ː˒ Ҳ⸸ ⸸ ⸸ ⸸ ‸ 㔷Ǚ ⸸ 㔷ีༀ ǣː ‸ː˒ ǫˢ ൓⸸൭ˤѵ ѵѵ ‸ ⸸ ⸸ѵ ѵ˒⸸ ൓⸸Ǚ 㔷 ‸Ҳ㔷⸸ ˤ 㔷ѵˤ ːˤ Ǚǫˢ ⸸ ൓ ൭Ҳ㔷Ǚ ː ˤ ‸ː˒⸸⸸ ⸸ ǫ ǫѵ ǫ ˞ༀ㔷ีༀː˒ p a 吠ǘ鿠䙥

p a 吠ǘ鿠䙥 䙥鿠a䖃 ↣൭  䙥鿠a䖃 吠 a 䖃䙥 鿠

㔷ːˤ Ǚ ൭㤳⸸ ǫ ǣѵѵǫˢˤ 㔷ː 㔷ǣѵǫ

䖃 p 㐹 a 䖃䙥 吠ǘ鿠䙥 p a 䖃䙥 吠ǘ鿠䙥 䙥鿠a䖃 㐹 p n鿠鿠 吠 ‫ ت‬

˞ༀ㔷 ‸ѵѵ ⸸Ǚ 䖃

ǫ

Ǚีːˤ Ǚ ˒  ‸⸸ː˒ ː Ҳǣ ҲǙ Ҳ㔷 Ǚ˞ༀ㔷 ⸸ǣ 㔷 ѵѵǙ㔷 㔷⸸ѵ൭ ี ⸸ ːˤ ǙҲǙ ‸Ҳˤ ǫ ൭Ҳีༀ ⸸ ൭Ҳ㔷ѵี ѵǙѵѵ ǫี ⸸ǫˢ ⸸㔷ѵี ѵѵ ༀ ː ː ีༀ ˒ѵ ː˞㔷 㔷 ‸ˤ⸸ ː ‸ː˒ 㔷Ǚ ao ൭㤲൭‫ ت‬鿠

a ↣㤲㐹n鿠吠o㤲㐹o䖃Ǐ ྱǏ 吠 o ൭㤲 鿠 p

pn䙥䖃n 吠 a 鿠൭‫ ت‬鿠 吠 a p 㐹㤶 䖃 䙥 吠 a↣n 䙥 吠ǘǏ鿠鿠ne 䙥 ‫ت‬㐹 ྱǏ൭鿠൭ao䖃䙥 㤲ǘ鿠

ǘǏ鿠o



䙥

ǙҲǙ˞㔷 ǫѵ ǫǣ ǫ ː ‸˒⸸ ൭ǫǙ

˒ѵีༀ ‸⸸ ‸ ˒⸸ ǫ  ǫˤǙ ˤ⸸⸸ ⸸ ˞㔷 Ҳǣ ⸸⸸ ǫ Ҳ ѵ ѵ ǫˤǙ

㤱 ‸˒⸸ ˢ ˤ⸸ ‸ Ǚ⸸ѵǙ ǫѵีༀ 䗠 ꀀ ༀː  ǫ Ҳˤ ‸˒⸸ ⸸ǣ Ҳ ѵ ˤ ⸸ีༀ ˒ѵีༀ ː ǙีǙ ⸸൭ǫǣˤ 䗠 ꀀ Ǚ ⸸⸸ˤ Ꜹ Ꜹ  ⸸㔷⸸ีༀǫ ː ǣ ˒ ǫ ˒ѵ ː˒ 㔷 ⸸ ˞㔷ǫ Ǚǫǫ ⸸ǣ ีༀ Ǚ㔷 ⸸ ‸Ǚ˞㔷⸸⸸ ‸˒⸸ ˤ ⸸⸸ༀ⸸ ‸Ҳǣ



ǫ ‸Ҳ

㔷ǫ ǫ ǫีༀ ː˒ ⸸ 㔷

˞⸸

⸸

ˤ Ǚ⸸ ǫѵีༀ



吠e㤲 䙥 吠 aa䙥 䙥 䖉䙥 鿠 ↣൭ 䙥 oǏ鞘ǘ䖉鿠 吠e㤲 䙥 ྱno ‫ت‬䙥 䙥Ǐ 鿠o吠 ൭‫ ت‬㤲 noa↣㤲‫ ↣ ت‬鞘ǘ䖉鿠 䙥 䈀 no  9 ‸˒⸸ǙีǙˢҲː ⸸⸸൭䳌 ˞⸸ 㔷 ˤ⸸ ⸸爀ǣ൭ǫǣǙˢҲѵ൭ ⸸ǫ ː ː Ꜹ ‸ǫี  ⸸⸸

⸸ ǫ ǣː 䗠 ꀀ 㤱  ⸸ ‸Ǚ˞㔷⸸ 㔷⸸ˤ 㤶 ˤ ѵ 9 Ҳ ⸸ ‸ǫี ⸸⸸  ⸸⸸ѵ൭ ǫ ⸸˒⸸ ี Ҳǣ

ǫ˒⸸ีǫ ː ‸˒⸸൭ǫ Ҳ 挠 ⸸ǫ ː ‸Ҳ⸸ ːༀ ⸸ˤ ː Ҳีༀ 㔷˒ ‸⸸ǫǫǙ ːѵǙ ⸸⸸㔷⸸ ː˒ ːˤǫ Ǚ ˤ 㔷ˤ ː⸸ีༀ

˞㔷 ː˒

ǣǫˢ ൓⸸ѵี ൓⸸ѵ‸Ǚ Ǚ˞ༀ㔷ǫˢˤ ː 䗠 ꀀ

‸˒⸸㔷㔷⸸

ǫˢ㔷ǣѵǫีༀ ⸸ѵǙǫˢ‸ǫ˞㔷 ൭Ҳ

Ꜹ ⸸ ⸸ǣ ǫѵ ѵ㔷ǫ ѵ ˤǫ˒ ː˒ 㔷 ⸸㔷⸸ Ҳǣ ѵѵѵ Ǚ˞ༀ㔷 ‸⸸ ⸸ˤ ⸸Ǚีༀ ː ѵѵ ൭ǫี

ѵˢ Ҳǣˤༀ

Ǚ ⸸ˤ ⸸Ǚีༀ⸸ː ѵ൭‸ ⸸ː ѵǫ

⸸ː Ҳ‸ǙѵҲ

⸸ ǫ൭ǫǣ Ǚ⸸ǙˢҲː ีༀ  ǫ 㔷 ǫǣѵǙ ⸸ ǫ ǫѵ‸˒⸸ ൭香 ‸Ǚ ː˞㔷 ː ⸸ː ѵǫ㔷  Ǚːༀ Ǚ㔷

㔷ː˒

㤶吠 吠 n鞘ǘ䖉鿠 䙥 ྱǏ a൭Ǐ ‫ ت‬moving average ⳀⳀ ‫ت‬䙥 㤲n 吠 ‫ ت‬㤶㤲 ൭ 鿠 䙥 ൭䖃䙥 ൭ 鿠 n a 㐹↣o 䖃䙥oa ǘ鿠 ൭ 鿠㤶e ǘ鿠 䙥䙥 o䙥 ↣ 䙥 㤶吠 吠 o䙥 鞘ǘ䖉鿠 䙥 ྱǏ吠ྱ↣䙥‫ ت‬䙥吠㤲 䙥 㐹n㐹n ‫ت‬ 吠䙥 㐹 ǘ鿠 㤶吠鿠n 䙥↣ 鞘ǘ䖉鿠 䙥 㤲 䙥o 䙥䙥 鿠䙥 鞘ǘ䖉鿠 䙥 ྱǏ吠ྱ↣䙥‫ ت‬䙥吠 㤲 䙥 㐹n㐹n ‫ ت‬䙥 㤲a 鿠 o ྱǏ 㐹 ǘ鿠 䙥 䙥㐹 ൭㤲 a 鿠n  ൭ 吠 ൭鿠 䖃Ǐ吠 鿠 o p ‫ ت‬䙥䙥 䙥 ྱǏ吠ྱ↣䙥‫ ت‬䙥吠 䖉䙥 ↣䙥 ⸹ 吠 n 鿠㤶吠 ǘ鿠 鿠n 鞘ǘ䖉鿠 䙥൭鿠䙥 ൭Ǐ oa ǘ鿠 e oa ↣൭ 鞘ǘ䖉鿠൭鿠䙥 ྱǏ

㐹 䙥 鿠吠 䙥൭‫ت‬oe 䖉䙥鿠n 吠 吠 䙥൭鿠鞘ǘ䖉鿠 ൭Ǐ oa 㐹 oྱn ‫ت‬㤲 吠 ↣㤲㐹 㤶䖃a‫ت‬൭ 㐹o 鿠n 㤶㤲 aa a 䙥 ൭鿠 䖃䙥 䙥൭䙥吠 ྱǏoa a䙥䖉䙥൭鿠 䙥䙥 䙥 ྱǏ 䙥൭‫ ت ت‬㤲鞘ǘ䖉鿠 ↣㤲‫ت‬ ː˒ 㔷⸸ǫǣ ѵѵ ǫˤǙ Ǚ˞ༀ㔷 Ǚѵ ⸸ ⸸⸸⸸Ҳ˒⸸ ⸸ѵ‸Ҳ ‸⸸൓ༀ Ҳǣ ˤ ѵ⸸‸˒⸸ ‸ ˢ ൓⸸Ǚ ⸸ ː˒ 㔷Ǚี 㔷ǙˢҲ ˞⸸ ⸸ˤ ⸸⸸ː Ҳѵ‸Ҳ ‸˒⸸⸸㔷⸸ ൓ ǣҲ˒⸸ѵѵ

‸˒⸸ ˤ ѵ ˤ

Ǚ㔷‸ ǫǣีༀ⸸⸸ˤ ːǫ ǣ‸ ⸸ː Ҳ൭ǫ ൭ǫǣǙ ⸸ ǫ ༀǙ ൭ǫǣǙ ⸸ ǫีༀ ൭㤳⸸ǫ ൭ Ҳǣѵ ǫǙ ːˤǫǙี ⸸ˤ ⸸Ǚ ˢ ൓⸸  ༀ ൭ǫ ൭ǫǣǙ ⸸ ǫ ˢǙ ⸸  ѵ⸸ ༀѵี Ǚ ⸸ ൓⸸  ⸸⸸

䙥䖃 鿠㤲 㤱 ⸸ǫ ː ‸ ‸⸸ˤ ⸸ѵ㔷ǣѵǫ ൭ǫǣǙˢҲ ⸸ǫ ˤ ⸸Ҳༀ⸸⸸ǫ㔷ːˤ Ǚ ѵ Ҳǣ Ǚ ⸸ ǫ ѵ ⸸ ˢ⸸ ൓ༀ⸸ ൭㤳⸸⸸ ǫˤ ːǫ ǣ‸ ǫ˞ༀ㔷㔷˒൭

൓⸸⸸ ‸˒⸸ ⸸

ǣีༀ ˢ ˞㔷 Ҳǣ ˢ

㔷 ˢǫˤǙ⸸⸸ ⸸ Ҳ ѵ

 ⸸⸸ ǫ ѵ ⸸ 㔷 ǫǙ ‸ ˒ Ҳ ˢ  ‸ ༀ㔷 ˞ ‸ ൭㤳⸸㤶 ีༀ ѵ ⸸ ⸸ ൓ ⸸ Ҳǣ㔷˒൭ ː ⸸ༀ⸸ 㔷

‫ت‬㤲 a㤶吠൭鿠 Ǐ 

䙥  䈀 n ǘ䖉䙥Dž 䙥 吠 吠ྱ ‫ ت‬吠 㤲ǘǏ鿠䙥 ‫ ت‬ 䖃 鿠

ǥ 䙥  䙥 a‫ ت‬㤶吠 吠 n 㤲 oྱǏn 䙥 ‫ ت‬吠 䙥鿠 鿠䖃吠 nǘ䙥n䙥



‫ ت‬吠↣ ↣  鿠൭㤲 a䙥鿠 p‫ ت‬㐹 鿠 䖃䙥 㤲൭  䙥aྱ 鿠n ‫ ت‬吠 䙥o ‫ت‬䙥൭‫ ت‬鿠 p 鞘Ǐn 㐹 ྱn䙥 䙥 ‫ ت‬吠ǣ㤲 a 鿠൭㤲 a a oa n↣㤲‫ ت ت‬吠 䖃a 䙥 吠 吠ྱ ‫ ت‬吠 吠 n 䙥 ൭ao䖃䙥 鿠൭㤲 a 9 ‸ˤ ‸Ҳ⸸ː˞㔷 ѵǙ 㔷ǫˢ ѵˤ ‸˒⸸ ǣː 㔷ǣѵǫ 㔷 ǫˢˤ ‸˒⸸ːˤǫ ǣː 㔷ǣѵǫ ⸸⸸⸸⸸ ൭㤳⸸ ǫ˞ༀ㔷 㔷⸸ ǫ ǫ ˤ ǫ ѵ ǣǙ ǫ ˤҲ ‸ǫ˞㔷ѵǙ Ꜹ 䙥䙥鞘ǘ䖉鿠 䙥 ྱǏ 䖃oe 䙥 a‫ ت‬吠ྱ↣ 鞘ǘ䖉鿠 䙥 㤲 䙥o 䙥䙥 鿠no䙥䙥o䙥䙥 吠 䙥൭鿠 ‫ت‬吠‫ت‬ 䙥 䙥↣ ↣൭ ൭鿠 n n 吠 ‫ ت‬൭  䙥 ྱǏ 吠 吠䙥൭吠 䖉䙥↣㤲㐹 鿠 o㤲吠 㤲‫ت‬䙥鿠n吠 ྱǏoa a

鞘ǘ䖉鿠

˒ ѵ ˞㔷ีༀѵี ǫ ː 㔷㔷 ˢ ⸸ ⸸ˤ ⸸Ǚ ൓⸸ ⸸ ⸸ 㔷⸸ีༀ ǀ anྱ i㠮㐵ྱi ǫี  ˤ⸸⸸ ⸸Ҳ  ൓⸸ ⸸ ꜸꜸ Ꜹ Ꜹ ǫ ː 㔷 ˢѵ⸸Ҳ ˒ѵ ˢ ˒ѵ ⸸ǫ㔷 ꜸꜸ ˤ⸸ ѵ ༀѵ⸸Ҳ ༀѵี ѵǙ ːༀ ⸸ˤ 挠 ⸸ 㔷ѵ ː i 㐵 a i 禀 㠮inྱi 㔷ѵǙ⸸㔷 ⸸ˤ Ꜹ Ҳǣ 㔷 ˢ ⸸ ˤ Ꜹ 9Ꜹ ǣ⸸ ⸸ Ǚ ⸸

˞ ⸸ˤ ‸˒⸸㔷 ˢ ⸸ ⸸ 㔷⸸ีༀ ⸸㔷⸸ː˒ ⸸ ǫ ˤҲ ีༀ ˢ⸸ ‸ˤǣ ǫༀǙ ⸸ ˞㔷ː˞㔷 㔷⸸ǫ ː Ҳ ൓⸸Ǚ ⸸ ǫ൭ǫ ⸸ ‸Ǚ ǣ Ǚ ː˞㔷 ˤีༀǫ ː ː ǫˢ൭ ǀn 㠮㐵 aǀn 㐵 i㠮n ǫ ː 㔷Ҳ Ҳˤѵีѵ ൓⸸ːҲ ǫ㔷ѵˢ 㔷⸸Ǚ⸸൭ǫ ⸸ ˒ѵ ѵˤ ˤ㔷Ҳ˒Ǚ ⸸ ⸸˒⸸ ː ⸸ˤ⸸Ǚ ⸸

˞ 㔷 ⸸⸸ ǫ൭ǫ

⸸ ‸Ǚ ǣ Ǚ

⸸ ˤ⸸‸ѵ ˤ ǀ 㐵 a a 䳌⸸ Ҳ˞ༀ㔷 ˤ㔷Ҳ˒ǙҲѵ

˞㔷ː˞㔷 㔷⸸ีༀǙ⸸ 㠮i㐵㤰ǀ(

⸸

⸸⸸⸸

ǫ㔷Ǚ

吠൭鿠 鞘ǘ䖉鿠 㤲 aoeoa ‸ ⸸‸˒⸸ ˤ‸⸸൓ༀː ⸸ˤѵ ⸸ǫ㔷 ꜸꜸ ˤ⸸ ǫ⸸ 㔷 Ҳ ѵ⸸ǫǣ ‸Ǚ ⸸㔷 ǣ ൭㤳⸸‸˒⸸ ѵ ˤǫ˒ ⸸ ˤ ǣ⸸ѵѵ Ǚ˞ༀ㔷‸˒⸸ː ⸸ˤѵ ѵǙǙี ǫ ѵ⸸ǫ㔷  ⸸Ǚ ⸸ѵѵ⸸ ǫ ː ⸸ༀ⸸ː˞㔷‸˒⸸⸸ː Ҳ 㔷⸸ˤ ⸸ː ҲǙี 㔷  ⸸ѵ ൓⸸⸸ǣ Ҳǣ ˢː⸸⸸ː Ҳ 香 ѵˢ㔷 ˢ Ǚ˞ༀ㔷‸˒⸸ː ⸸ˤѵ ⸸ ⸸ 㔷⸸ีༀ ҲǣǙีˤ㔷Ҳ˒Ǚ ˢǙ ⸸ ⸸˒⸸ ‸˒⸸ ǣǙี ǫ ːҲ˞ༀ㔷⸸ ൓⸸ ⸸⸸ ǫีༀ⸸⸸Ҳ˒⸸ ˞㔷 ǫ ǣ ˞ༀ㔷ˤ ൭䳌 ˞⸸ ⸸  ⸸ǫ Ҳǣ 㔷⸸ ⸸㔷⸸ ː ⸸ ѵˢѵี ൓⸸ѵˤ

Pivot Point 䗠a ǀ 䗠ǀan ː˞㔷ǫǣѵ ีༀ‸˒⸸൭ǫ ⸸ ǫ Ҳǣ ǫༀǙ ⸸ˤༀǫ㔷 㔷ѵ൭ Ǚ⸸ ൭㤳⸸ ‸Ǚ˞㔷⸸ ⸸ˤ ⸸ีༀ㔷㔷⸸ 㔷 ˒ѵ ‸˒⸸ ːҲ˞ༀ㔷⸸ ˤѵѵѵˤǙ ⸸⸸ีีༀ‸˒⸸ Ǚѵ ⸸⸸ีѵ൭ѵѵ Ǚ˞ༀ㔷 㠮i㐵㤰ǀ( ѵѵ Ҳˤ ‸˒⸸⸸Ǚี 㔷⸸ ˢีༀ ǣˤༀ ൓⸸ 㔷 ⸸ǫǣ ǣ ˤҲ 㔷⸸ ⸸ ǫ ǣ ǫ ˤ ⸸ีǙี ǫ ⸸㔷 ѵ⸸⸸ ːǙี ǫ ˞㔷 Ǚ ี  Ҳ⸸⸸㔷 ⸸ː ‸‸˒⸸ ˢ ൓⸸ѵѵ 㤱

ao ൭ ྱǏ a 䙥 鿠 Pivot Point ǘ鿠

. ‫ت‬鿠㤲 吠 ྱǏ㤲a㤲൭Ǐ 吠 䙥൭Ǐ ‫ ت‬ǣ㤲ྱǏn 鿠 ae 吠ǘ鿠䙥 吠 吠ྱ 鞘ǘ䖉鿠 n 䙥 䙥 㤲 ⸹ 吠䙥 䙥o p‫ ت‬䙥 ൭ ྱn吠 㤲ǘǏ鿠䙥 ‫ ت‬䖉

㐹 ྱǏ 䖃吠 p 鞘ǘ䖉鿠 n㤲a㤲 吠 n  吠 吠ྱ 鿠n n 䙥↣㤲‫ت‬ 吠ǘǏ鿠↣  n 䙥䙥鿠n㤲吠 ↣ ↣ 鞘ǘ䖉鿠 䙥 ⸹ 䙥 䖉䙥  a ‫ت‬吠 . ːˤ Ǚ ⸸ ˤ⸸ 㔷ǫ ː 㔷 ˢ ⸸ ˤีༀ ː Ǚ ⸸ ൭㤳⸸⸸ ǫ ˞ༀ㔷ˤ ‸˒⸸ѵǙǙี ːǫ㔷 ⸸ ˞㔷

⸸⸸ Ҳˤ ː⸸ ˤ⸸ ‸

ǫ㔷 ˤҲ ‸˒⸸ˤༀ

൭Ҳ㔷 ‸‸˒⸸ǣҲ˒ ⸸ ‸⸸˞㔷 䗠a ǀ 䗠ǀan Ҳǣǫ㔷 ‸‸˒⸸ ˢ ⸸ ˤ 㔷 ‸ѵѵ ⸸㔷⸸ ⸸ ǫѵˢˤ㔷Ҳ˒Ǚ൭ǫǣ⸸㔷 ǣ ˤ ѵѵǙ ⸸ ǙǙ˒ ˤ Ǚ൭⸸ ‸˒⸸Ǚ⸸ ǣ ǫѵ Ҳ ⸸‸˒⸸ 㤶 ⸸ ˤҲ ˤༀ Ǚ 㔷ˤ⸸ː ⸸ ǫ Ǚีˤ㔷Ҳ˒Ǚ Ǚ Ҳˤ ൓ ꜸꜸ ꜸꜸꜸ ‸˒⸸ Ҳǣ‸˒⸸⸸ː Ҳˤༀ ː˒ ⸸ Ǚ ǫ ǫี Ǚ ˤ ˞㔷ѵѵ⸸ี Ǚ˞ༀ㔷ǫ ː ൓⸸ ⸸ 䗠a ǀ 䗠ǀan ѵѵ a൭a a 䙥 吠ǘǏ鿠 䙥 䖉䙥 䙥 吠 㤶 䙥 a䖃吠 ↣㤲㐹 㤲 㤲a 䙥 䔲a 吠ǘǏ鿠o䖃䖉䙥‫ت‬䙥 ൭Ǐ ‫ ت‬o䙥 moving average Ⳁ ‫ت‬䙥 ǘ鿠‫ ت‬吠ྱ ‫ ت‬吠 oྱǏn ྱǏ吠䙥 㐹 吠 ൭ 鿠 9 ˞㔷 ൭㤳⸸ ǫ˞ༀ㔷ˑǫǫǙѵ ‸ ⸸‸˒⸸ีༀ ൓⸸ ⸸ ǫ ˤ 䗠a ǀ 䗠ǀan ǣ 㔷 ⸸Ҳ Ǚ ǫ ˤ ѵǙ‸ǫ˞㔷 ːༀ ⸸ˤ ˒ѵ 㠮i㐵㤰ǀ( Ҳ⸸⸸㔷 ↣൭ 䙥aྱ吠 㐹ǥ䖉䙥൭‫ ت ت‬鿠 ‫ ت‬䙥 ‫ت‬㤲 吠 ྱǏ‫ت‬䙥 ǘ鿠䙥  ྱ 鿠 䖃൭n ↣൭ 䙥൭‫ ت‬⸹ 㐹 a ‫ت‬ 㐹൭‫ت‬䙥ྱ䖉 ↣䙥 䙥⸹ 䙥

䙥Dž 䙥

Ꜹ 吠 ‫ ت‬a ‫ت‬䙥o ‫ ت‬䙥吠ྱ e 㤲吠 㤶e鞘ǘ䖉鿠 ྱǏ ൭䖃a 䙥a 鿠 o n n䖃Ǐ鿠n n吠

㐹 㤲 ‫ت‬  Ⳁ DŽⳀː n䖃Ǐ 䙥 n䖃Ǐ 䙥 㐹 䙥 䖉䙥 䙥䖉䙥 䙥 䙥吠ྱ 䖉䙥 䙥䖉䙥

ǙѵǙː㔷 ˞㔷‸˒⸸ีༀ൭ǫ ˤҲ 㤱Ꜹ挠 ‸ǫ˞㔷Ǚ ⸸⸸ˤ ‸˒⸸൭ǫ ˤҲǙ ⸸Ǚ⸸  ˤ Ǚี൭䳌 ‸ ǫ˒⸸ ǫ ⸸ǫ㔷 ⸸ ǫ൭ǫ ⸸  ǫ  ǫǫː Ǚ ⸸ีༀ ˒ѵ㔷 ˢǫǣ‸ˤ  Ꜹ挠 挠 䙥䙥 ൭㤲 a ‸˒⸸ ൭ǫѵ 㔷 Ǚ ‸˒⸸ ǫѵѵѵ ⸸Ǚ ⸸ีༀ ˒ѵː˞㔷‸˒⸸⸸ː Ҳ ѵ ‸˒⸸⸸ː Ҳ ѵѵˢ ⸸⸸Ҳ˒⸸ː ˞㔷‸˒⸸ѵѵ ⸸ ǫ ː ‸˒⸸⸸ː Ҳ ѵ൭ǫ ൓⸸ ൭㤳⸸ ൭㔷ǫ ⸸ ˢ ˒ѵ ⸸ ⸸ 㔷⸸ ǫ⸸ 㔷 Ҳ ѵ ൓⸸ ‸˒⸸ ൓⸸ː ˒ѵ ˢ ˒ѵ ‸Ǚ ‸Ǚ⸸㔷⸸ ൓⸸ ǫ㔷 ѵǙ⸸ ˞ༀ㔷 ⸸ː ‸⸸⸸Ҳ˒⸸ːѵˤ ‸˒⸸ ˤ⸸⸸ีˤༀ ǫˤ ⸸ ⸸⸸ѵ൭ ⸸ː ‸ ˤ⸸ ѵǙ⸸Ҳ ˞㔷  ีༀ ൭㤳⸸‸˒⸸ ˤ ⸸ ˒ѵีༀ ǫ㔷Ǚ

൭㤳⸸‸˒⸸ѵ ˤǫ˒ 㤲 吠鿠൭o 吠 ྱǏ吠ྱ 䙥 䙥‫ت‬䙥吠 aoeoa 䙥൭㤲 a 㐹 䖃 鿠䙥 吠 䙥㤶e䙥 ൭㤲 a 鿠 ൭㤲 䙥 鿠 p ‫ ت‬吠ྱ 䙥൭‫ ت‬oa 䙥 鿠䙥a䙥↣ 鿠 吠‫ت‬a

㐹

䙥a ‫ ت‬ 䖃Ǐ吠  㐹ǣa 䙥 㐹‫ت‬൭䖃 p 吠ǘǏ鿠൭㤲 a ‫ت‬吠 䙥Dž 䙥 o ↣㤲‫ ت‬ǘ鿠 㤲a ൭㤲 a 吠ྱ a o䖃Ǐ ྱǏ䙥 o䙥 ǘ鿠 吠ྱ 䙥䙥 ൭㤲 a 䙥‫ت‬䙥 䙥Ǐ ↣  a 䙥 ‫ت‬㐹൭㤲 a 吠ྱ 䙥a ‫ ت‬ 䙥‫ت‬䙥吠 ‫Ⳁ ت‬ː 䙥 䙥 ‫ت‬൭㤲 a 吠ྱ ↣㤲㐹 ‫ت‬ ൭㤲 a ‫ت‬吠 䙥Dž 䙥 ‫ت‬ 㤲 ǘ鿠 䙥 䙥 ‫ت‬൭㤲 a 㤲 ↣㤲‫ ت‬൭ ྱn吠൭‫ ت‬䙥 鿠䙥 ൭鿠䙥 䙥 䖉䙥 㤱 ‸˒⸸⸸ː Ҳ ѵ ˤ ǫ ǣǫ ˤѵѵѵีีༀ ˒ѵ Ҳǣˤༀ ൓⸸ː ˒ѵ ˢ ˒ѵ ⸸ ˒ѵ ːༀ ˒ѵ ⸸ ˤ ൭ѵ ‸ ǫ⸸ ⸸ Ҳ ѵ⸸ǫǣǫ㔷 ‸Ǚ Ҳǣˤༀ ൓⸸ѵѵ ǫǙ ⸸ ѵ⸸⸸ː˒ 㔷 ѵǙ 㔷⸸ 㔷⸸ีѵ൭ 吠ྱ 吠‫ ت ت‬鞘ǘ䖉鿠 䙥൭‫ ت‬䙥 鿠䙥 ൭鿠䙥 n吠 ǘ鿠 鞘ǘ䖉鿠൭‫ྱ ت‬Ǐ↣ ↣ oa 鿠䙥 Ǚ˞ༀ㔷 ˤ Ҳ ѵ⸸Ҳ ˤ ⸸ ˒ѵ ːༀ ˒ѵѵѵ Ҳˤ 㤶吠 鿠䙥鞘ǘ䖉鿠 䙥 ྱǏ 㐹㤲 a䖃吠 Ǚ⸸Ǚ⸸ ǣ ൭㤳⸸‸˒⸸⸸Ҳ˒Ǚ ǫ⸸ีༀ ˒ǫǣ ѵ⸸㔷⸸ Ҳǣ ѵ ˤ ൓⸸Ǚ ‸ ‸⸸⸸㔷⸸⸸ ˞㔷 ‸Ǚ ǣ Ǚ Ҳǣː ˒ѵ ˢ ˒ѵ ‸Ǚ ‸ ⸸ Ҳ ѵ⸸ː Ҳː ˒ѵ ːༀ ˒ѵ ‸˒⸸ ˤ ⸸ ǣː ˒ѵ ːༀ ˒ѵ⸸㔷⸸ Ҳ ѵǫˤǙ ⸸ ǣ ѵี ˤ⸸⸸ 㔷⸸ีༀ Ҳ ѵǫˤǙː ˒ѵ ːༀ ˒ѵ ‸ǙҲѵҲ ǫ˞ༀ㔷 ˤ Ҳ ѵ ˒ѵ ‸˒⸸⸸ː Ҳ ѵ ǣˤༀ ี⸸㔷㔷⸸ ⸸⸸Ҳ˒Ǚ ˞ༀ㔷ː ⸸ˤѵ ൓⸸ѵ൭ ǫ˞ༀ㔷

൭a 9 㔷 a⸸ ⸸

⸸ ˒ѵ

Ҳǫ㔷

a 䙥 㔷Ǚ ‸ ˤ 㔷 ี ⸸Ǚ ⸸ ⸸ː ‸ 㔷ǫ Ǚีːˤ Ǚ ีༀ  ༀ

ѵ˒⸸Ǚ ⸸ ༀ

Ꜹ ⸸⸸Ҳ˒⸸ ѵีˤ ˤ⸸ ൭㤳⸸ ༀ ǫ⸸ีༀ 㔷 ǫี ⸸ǫˢѵˤ ൭ǫǣ ːˤ Ǚ ː ǫ ˤ⸸ ‸ ː ѵǙѵѵ Ҳ㔷ѵ ˤҲ ˤˑีѵีีༀ ˒ѵː˞㔷 㔷Ǚǫ ⸸ ǫ ѵ ⸸ 㔷 Ҳ ѵ ǣ ѵǙˤ ‸Ҳ⸸⸸ ǫ‸ǫ˞㔷ˤˑี⸸ ǫҲ˒⸸‸˒⸸ 㔷ː˒ ൭㤳⸸㔷 ѵǫ ‸⸸  ѵี ˤีༀ ǣ൭⸸൭香㔷 㔷ǫ 㔷ː˒ ѵǙ ‸‸ ⸸ǣѵѵː˞㔷 ѵǙǙ ⸸

㔷

⸸ ൭㤳⸸ ǫѵ ѵ㔷ǫ ีༀ

㔷⸸ีༀː˒



ѵ˒⸸

‫ت‬䖃䙥n  a ྱǏoao 䙥䙥 㤲 䙥 ྱǏ൭鿠 ൭ 吠鿠n o吠Ǐ o吠鿠 ǘ鿠 ൭a a 䙥 ǫ ǣ⸸ༀ⸸‸Ǚ ൓⸸ ǫ 㔷Ǚǫ ˤ ˞㔷 Ҳ ѵ ҲǣѵǙǙี ːǫ㔷 ⸸ː ѵ ⸸ ǫ Ҳีༀ  ѵ˒⸸⸸㔷⸸ ‸ ൭㤳⸸൭䳌 ː ː ีༀ ˒ѵ ⸸⸸ ǫ  ⸸ː ѵ൭ ˢ⸸ ǫ ൭㤳⸸⸸⸸ ⸸⸸ː ѵǫ ː˒ ːˤ ː˒ǙѵǙѵѵˤ ‸˒⸸ ൓⸸ѵ൭ѵѵ  ѵ‸ǫ ˤ⸸Ǚ ⸸ Ҳˤ⸸ ǫ 㔷Ǚ ѵ˒⸸⸸ѵ‸⸸㔷 ‸ǫ˞㔷 ѵ˒⸸⸸㔷⸸ ⸸Ҳˤ⸸ Ҳˤ ൭㤳⸸ ༀีༀ ː˒ Ҳ˞㔷⸸ 㔷⸸⸸ ⸸ ǫ ǣ ีༀ ˤ ⸸ Ҳ൭ǣ⸸ ǫ ⸸⸸ː ѵǫ⸸⸸ ː˒ 㔷 㔷Ǚǫ ⸸ 㤶 ѵ ⸸ 㔷⸸ ǫ 㔷 ˤː˒ 㔷 ⸸ีีༀː˒ Ҳǣǫˢ ⸸ ⸸ 㤶 ⸸ี Ҳˤ ː˒ ⸸ ǣːˤ ː˒Ǚ ː ǣ Ҳǣ ǫ ːˤ Ǚ Ǚːༀ Ǚ㔷ѵѵ 吠ǘǏ鿠㤲 䙥 㤲 a ↣㤲‫ ت‬p൭鿠 吠 ‫ت‬㤲 ↣㤲㐹 ‫ ت‬吠 n n 吠 䙥 ྱn䙥 ‫ ت‬ e 㐹 鿠n  a 䙥䙥鿠n ྱǏoa ྱǏ 㐹 䙥 a p൭鿠 ྱn䙥 e‫ت‬䖃 ྱ 㤲䙥 㤲ྱǏn ‫ ت‬吠 㤶䖃a吠 䙥൭ a a鿠 鿠䙥 鿠䙥 䙥䙥䙥↣㤲㐹䙥  o ‫ت‬䙥 鿠 ǘ 鿠n 㤲 䙥 ൭ 䙥 aa鿠n Ǐ‫ت‬ 鿠吠䙥 n ྱǏn鿠吠 ‫ ت‬吠 鿠䙥鿠ne 䙥ǘ鿠 ൭ao䖃䙥 aྱ⸹ 㤱 ѵǙǙี ːǫ ⸸Ǚ ⸸ ี

⸸ѵǙ ː

ѵ˒⸸ ⸸ ǫ ǫѵ Ҳ ѵ ൭㤳⸸ ༀีༀ‸Ҳี⸸ Ҳีༀ ѵǙѵѵ

⸸ ǫː

ѵ ѵ ѵǙ 㔷Ǚ൭ǫ

ˤ ൭㤳⸸ ༀีༀː˒

Ҳ˞㔷⸸ 㔷

a 䙥 䙥o ‫ت‬䙥 䙥Ǐ 鿠 a↣㤲㐹 㤲 䙥 p 吠 ൭ ྱn吠 䙥吠ǘ鿠 䙥  a 䙥 p ൭ ྱn吠൭‫ ت‬oྱn 䖃䙥 鿠䙥 ൭ 䙥൭鿠䙥oa n a 㤲n ൭㤲 a p eo ‫ ت‬൭‫ ت‬鿠  䙥ྱǏ 䙥‫ت‬䖃 ྱ ྱǏ൭㤲 a 鿠n n鿠吠↣ 吠ྱ‫ت‬䖃䙥n↣㤲㐹൭a a 䙥

aa䙥

p 鿠㐹

 ⸹

9 吠 Ǐ鿠 ǘ 䙥 鿠 n 㤲n a 䙥 䙥 ↣൭ n ǘ鿠 a 䙥൭ 鿠↣㤲㐹 㤲 鿠n a 䙥吠  ǘǏ鿠n⸹ ǘ鿠↣n n䖃Ǐ ‫ ت‬ǘ鿠 䖉䙥 鞘ǘ䖉鿠 䖃Ǐ吠 䙥 㐹 鿠 吠ǘ鿠 o吠 㤲 䙥 ↣㤲㐹 n൭‫ ت‬鿠 㤱Ꜹ ⸸ ⸸⸸ѵ‸Ǚ ː˒ ː 㔷 ˞ ‸˒⸸ีༀǫ ː ൭ǫ Ҳ Ꜹ挠 Ҳǣː㔷 ‸Ǚ⸸ a⸸ ⸸Ҳ Ǚ Ҳǣ ‸ ˤǫ ‸Ǚѵѵ൭ ‸ǫ˞㔷ѵ൭ ˞㔷‸˒⸸ ˤ ‸Ǚีༀѵˢѵี  ǫༀǙ ⸸ ൭鿠䙥 ǘ鿠

䙥 ǘǏ鿠鿠ྱ

鿠 p㤲‫ت‬䙥⸹

⸸⸸Ҳ˒⸸ีༀ൭ǫǣ ːˤ Ǚ ː ǫ Ǚ ǫ ൭Ҳีༀ ⸸ ⸸ี ǫ Ҳǣ 㔷Ǚǫ ⸸ ǫ ൭Ҳีༀ ⸸ ൭Ҳѵѵ ˤ⸸ ѵǙ ⸸‸Ҳ˒Ǚǫ⸸‸˒⸸ ˤ ѵ ˤ‸⸸൓ༀ ҲǣѵǙ ⸸ Ǚ˞㔷 ༀ ⸸⸸ ǫ ൭Ҳีༀ ⸸ ൭㤳⸸ Ҳˤ ǫ ൓⸸ 吠 n 鿠 ǘ 䖃䙥 吠 ǘǏ鿠 䖃oe 䙥‫ ت‬  a䖃䙥 䙥 ↣㤲㐹 䙥൭‫ ت‬吠

p e ↣㤲㐹൭㤲 a 䙥㤶䖃a

Mark Minervini 㔷‸⸸ ˞㔷 Trade Like a Stock Market Wizard: How to Achieve Super Performance in Stocks in Any Market ‸ǫ˞㔷 㤶 ǣ ѵ ǫี ⸸ˤ a↣䙥䙥 鞘ྱn䙥 䙥 a 䖉䙥 ีༀ ˞㔷ˤ ൭㤳⸸‸⸸൓ༀ ⸸‸⸸ ˞㔷ีༀ ѵีǙ ⸸ ѵ ǣ ː ‸ǫ ⸸⸸Ҳ˒⸸ีༀ ൭㤳⸸ ⸸ 㔷ˤҲ Ҳี Ǚ 㔷⸸ีҲ 㤰ǀff Ҳǣ a i㠮 ǀ㠮i ǫี ⸸ ˤ 㔷ˤ Techno Fundamentalist ีༀ ൓ѵ⸸ ǫ ːҲ˞ༀ㔷⸸ѵ‸ˤ 㔷ǫ ː ⸸ ˤ㔷Ҳ˒Ǚ ǫ㔷Ǚ ⸸ 㔷ǙˢҲ  ˞⸸ ⸸ ⸸⸸ ǫ ǫ  ⸸ ⸸⸸ ǫ ǫѵ ⸸ˤ ːҲ 龸 䘛禀 ꦐ ǫ ǣ ǫี ⸸ǫˢˤˑี⸸ ǫѵˢ‸˒⸸‸˒⸸ ˢ ⸸ǣǙ ⸸Ǚ ⸸൭ˢ䁥 㔷⸸ีҲ ൓ༀ ีༀǙ ǫ ː ⸸ ǣ ൭㤳⸸ ǣ 㔷⸸ 㔷൭ˢ䁥 㔷⸸ีҲѵѵ Ҳ ǫ ǣ⸸㔷⸸ ⸸ ǣ 㔷 ⸸ˤːѵѵ㔷ѵ㔷Ҳ Ǚ 㔷 㔷ѵ Ҳˤ ⸸ ː ‸ ൭㤳⸸ ⸸ˤ ⸸ǫǫǙ ‸ǫ˞㔷 ːǫ˞ༀ㔷‸Ǚ ⸸ ǫː 㔷 ˤ 㔷ѵѵ㔷ี⸸ Techno Fundamentalist Ǚːѵˤ ⸸ˤːѵ 㔷 ีༀǙ ǫ ː⸸⸸ ѵǙѵѵ ⸸⸸ѵ൭ีༀ⸸ ǫːː ⸸ˤ⸸ǙˢҲː ‸˒⸸Ǚ ⸸⸸⸸ ⸸ѵǙ Ҳǣ Ҳ ѵ൭ ี ี ѵี ˤ ː˞㔷ǫˢˤ ˑ˒ǫ⸸ ⸸⸸ː 㔷ǣѵǫ ⸸ 㔷 Ǚ Ҳǣีༀ ː ː ⸸ˤ ⸸⸸ ː˞㔷 ‸ːˤ Ǚ ː ː ⸸ ⸸ǫ Ǚ ⸸⸸ˤ

ѵ 㔷⸸ˤ 吠e㤲 䙥 吠 aa䙥 䙥 䖉䙥 鿠 ↣൭ 䙥 oǏ鞘ǘ䖉鿠 吠e㤲 䙥 ྱn o ‫ت‬䙥 䙥Ǐ 鿠o吠 ൭‫ ت‬㤲 noa↣㤲‫ ↣ ت‬鞘ǘ䖉鿠 䙥 䈀 no  ˢѵ ː˞㔷 ( a i Ǚ ⸸ ːѵ‸⸸ѵǙ ː ː ѵǙ ⸸ ǣǫ㔷 ːˤ㔷Ҳ˒Ǚ⸸ ⸸ ǫ ːҲ˞ༀ㔷⸸ีༀ 㔷ǫ ː ⸸㔷⸸  ⸸⸸ ǫ ǣːˤ Ǚ 㔷⸸ ǫ ˞㔷ː˞㔷 ˤ ˒ѵ൭ǫǣ⸸ ‸‸˒⸸ ൓⸸ ѵ⸸⸸ ⸸ˤːѵ⸸ี⸸ ‸Ǚ ǣ ː ‸ǫ ː⸸ 㔷 ⸸ǫ ː⸸ː㔷Ҳ Ҳˤ 㔷 ี ˤːѵ 㔷ˤีѵ㔷Ǚ ൭㤳⸸ ǣ ⸸ǫ ⸸⸸ ǫːѵ‸˒⸸ ൓ ǣˤ ѵ൭ Ҳˤ⸸ǣ ൭ˢ䁥 㔷⸸ีҲ⸸ːѵ ༀ ⸸ี ‸Ҳǣ ี  ѵǙѵѵ  ˤ 㔷 ⸸ี ⸸⸸ 㔷 ˞⸸ ⸸⸸ ː⸸ː㔷ҲǙ ൭㤳⸸ ˤ⸸ Ǚ ⸸⸸ ǫːѵ‸˒⸸ѵ ˤǫ˒ ⸸⸸⸸ ൓ Ǚ ǫ ǫ˒൭ѵˤ ː ⸸ˤ⸸ ีༀ ⸸ǣ ѵѵˤ ‫ت‬㤲 㤲ǘ鿠 䙥 ǘ䖉䙥Dž 䙥 ↣൭  ‫ت‬㐹 鞘ǘ䖉鿠൭鿠 䙥䖃 䖃㤲 ѵ⸸⸸ ൓ѵǙ ൭Ҳ⸸ีༀ ีༀ ː ǣ 㔷 ൭ǫǣ ː⸸ี 㤶吠 吠 n鞘ǘ䖉鿠 䙥 ྱǏ a൭Ǐ ‫ ت‬moving average ⳀⳀ ‫ت‬䙥 㤲n 吠 ‫ ت‬㤶㤲 ൭ 鿠 䙥 ൭䖃䙥 ൭ 鿠 n a 㐹↣o 䖃䙥oa ǘ鿠 ൭ 鿠㤶e ǘ鿠 䙥䙥 o䙥 ↣ 䙥 㤶吠 吠 o䙥 鞘ǘ䖉鿠 䙥 ྱǏ吠ྱ↣䙥‫ ت‬䙥吠㤲 䙥 㐹n㐹n ‫ ت‬吠䙥 㐹 ǘ鿠 㤶吠鿠n 䙥↣  鞘ǘ䖉鿠 䙥 㤲 䙥o 䙥䙥 鿠䙥 鞘ǘ䖉鿠 䙥 ྱǏ吠ྱ↣䙥‫ ت‬䙥吠 㤲 䙥 㐹n㐹 n ‫ ت‬䙥 㤲a 鿠 o ྱǏ 㐹 ǘ鿠 䙥 䙥㐹൭㤲 a 鿠n  ൭ 吠 ൭鿠 䖃Ǐ吠 鿠 o p ‫ ت‬䙥䙥 䙥 ྱǏ吠ྱ↣䙥‫ ت‬䙥吠 䖉䙥↣䙥 ⸹ ǫ ǣˤ ǥ 䙥൭㤲 a 㐹吠e㤲 ǥ ‫ت‬n 㤲Ǐ䙥 鿠 ↣㤲㐹↣吠↣൭ ൭ao䖃䙥 鞘Ǐ 䙥 ‫ت‬䖃 㐹 ‫ت‬㤲 a㤶吠൭鿠 Ǐ 䙥  䈀 n ǘ䖉䙥Dž 䙥

䙥‫ ت‬

䖃a鿠㐹

䖉䙥 䙥 䙥 䙥 p㐹 ྱǏ㤶e鞘ǘ䖉鿠↣㤲㐹㤶e

‫ ت‬吠 a↣n ൭ao䖃䙥 ↣䙥䙥 鿠 吠p ↣䙥䙥 e e ǘ Ǐ鿠 䙥 ྱǏ a 䙥 䖉䙥 ǘǏ鿠鿠 䙥↣㤲㐹鿠 o 䙥Ǐ䙥 鿠

n鿠ne ‫ت‬吠 䙥 ൭㤶㤲

ǥ 䙥  䙥 a‫ ت‬㤶吠 吠 n 㤲 oྱǏn 䙥 ‫ ت‬吠 吠 吠ྱ ‫ ت‬吠 㤲ǘ鿠 Ǐ 䙥 ‫ ت‬䖃 鿠 䙥鿠 鿠䖃吠 nǘ䙥n䙥

⸸ีༀǙ⸸ ൭㤳⸸ ⸸ˤːѵ 㔷⸸⸸ ː⸸ː㔷Ҳǫǣѵ 㐵㠮 ǀ㠮i ѵ ีༀ 㐵n 㐵nྱi㠮 ѵǙ ⸸ ˢ ǫี ⸸ˤ A pure Wyckoff mark up trader ː ‸⸸⸸ีː 㔷 ⸸ ൭㤳⸸ 㔷 ༀี Ǚ ǫ ː㔷 ѵǙ 㔷 

ǫ˒൭ː˞㔷 䙥䙥鞘ǘ䖉鿠 䙥 ྱǏ 䖃oe 䙥 a‫ ت‬吠ྱ↣ 鞘ǘ䖉鿠 䙥 㤲 䙥o 䙥䙥 鿠no䙥䙥o䙥䙥 吠 䙥൭鿠 ‫ت‬吠‫ت‬ 䙥 䙥↣ ↣൭ ൭鿠 n n 吠 ‫ ت‬൭  䙥 ྱǏ 吠 吠䙥൭吠 䖉䙥 ↣㤲㐹 鿠 o㤲吠 㤲‫ت‬䙥鿠n吠 ྱǏoa ǫѵ‸⸸ҲǣีༀǙี Ǚ Ǚ⸸ Ǚ ⸸ 㔷 ൭㤳⸸ ˤ ൓⸸ ‸ǫ˞㔷 ˤ  ⸸⸸ːǫ ีༀǙ ǫ ː ѵ㔷 ѵี 㔷 禀 㐵n ian ian ˞ༀ㔷‸ 㐵ྱi 㔷‸˒⸸ ⸸⸸⸸ ൓ ⸸ ⸸ ǫ ˞㔷‸˒⸸ ǣีༀ㔷 ˢ ⸸ 㐵ྱi  ⸸⸸ ༀ ൓ Ǚ⸸⸸ː˞㔷 㐵㠮㤰 ( 䗠 㐵 i ‸ǫ˞㔷 ˤ ⸸ༀ⸸ 㔷ːǫ

ѵ Ҳ⸸ǣ ǣ 㔷 禀 㐵ྱi

ːˤǫ ൭㤳⸸

⸸ี

㤲ǘ鿠 ǣ 㐹൭鿠䙥 ྱǏ 䙥鿠ne 䙥↣䙥‫ ت‬䙥吠 䖉䙥 䙥䖉䙥 ൭ǫǣ ⸸ ⸸ Ǚ Ǚ⸸ Ǚ ‸Ǚ ⸸ีༀ ˒ѵ ˞ༀ㔷 ‸ ˞㔷 ˢ⸸ ˤ ː˒ 㔷 ː ⸸ѵˤ ‸ ː ีༀ ˒ѵ ː˞㔷 Ҳ˞㔷⸸ ǣ‸˒⸸ีༀ ѵ㔷㔷⸸ˤ ѵѵǫ ⸸ ǫ ˞㔷 ⸸ ⸸˒⸸ ⸸ ⸸ 㔷 ǫี ൓⸸ǫ ⸸㔷⸸ ǫ  ‸Ǚ㔷‸ ีༀǙ⸸Ǚี Ǚ Ǚ⸸ Ǚ ǫ㔷Ǚ ǣѵ൭ 㔷㔷 ˢ㔷 ˢ Ҳˤ ː Ǚ ีༀ  ǣ⸸㔷 Ҳ ˞ༀ㔷⸸ː ‸⸸ѵ ‸ˤǣ ˞㔷ː˞㔷 ǣǙ㔷‸ ⸸ ǫ ี ˤ ǣ Ǚ 㔷ǫ ː 㔷⸸ ǣ㔷 ˢ ⸸ ˤ ⸸ ‸⸸˞ༀ㔷 ༀˤːǫ ˤ 㔷 ⸸ˤ ⸸Ǚ ൓⸸ ⸸㔷⸸ีༀǫ ː ǣ ⸸ ‸⸸˞ༀ㔷 Ǚ⸸Ǚ⸸ː  ี ˤ ˤ ൓ༀ⸸ ǫ ⸸ ˞ༀ㔷 ี ˤ‸ǫ˞㔷 ǣ Ǚ ⸸ ˤ ൓⸸ีༀˤ ⸸ี㔷 ǣǙ ⸸ ˤ ‸ǫ˞㔷 㤶 Ҳ ѵ ѵ ǫˤǙ ⸸ ⸸ SEPA ⸸㔷⸸ ⸸⸸ี ⸸ ѵѵ ːː Ǚˤ 㔷ǣѵǫ ൭㤳⸸ ‸ǫ˞㔷 ˤ ‸ǫ˞㔷 ൓⸸

‸ ˒ ‸ǫ ː ‸˒⸸ ːҲ˞ༀ㔷⸸ีༀ

ѵ൭ ˢ

㐵ྱi

Ҳǣีༀ ː⸸ ː˞㔷൭䳌 ː ‸‸˒⸸ ˢ⸸ ǣ Ǚ ѵ  ˞ༀ㔷Ǚ⸸ˤ 禀ꀀ䗠

˞⸸ ⸸ ⸸⸸ ǫ ǫ⸸ ǫ ⸸⸸㔷⸸ีༀ ǣ⸸ː ѵ൭ ˢ ⸸ 㔷⸸ีༀ

㔷ǫ ѵѵ ѵ ː˞㔷ǫ ː ˤༀ ൭㤳⸸

ༀ⸸ี 㔷ีༀ ൓⸸ ѵ

SEPA ǘ鿠 Speciǣc Entry Point Analysis ൭㤳⸸ˤˑี⸸ ǫ‸ ‸˒⸸ ˤ  ⸸ 㔷ѵีༀ Ǚี ⸸ 㤶 ൭㤳⸸‸˒⸸ѵ ˤǫ˒ѵѵ ˞ༀ㔷 ‸Ǚี 㔷⸸ ⸸ǣǙ ⸸ีༀ ˒ѵ Ǚี 㔷ː ൭ǫǣ⸸㔷 ⸸ˤ ⸸Ǚ ‸˒⸸ ǣˤༀ ⸸ ˤีༀ ˤ⸸Ǚ⸸Ǚี⸸ː ѵǫ ൭䳌 ˞⸸ ⸸ ː˞㔷⸸ː ѵǫ൭ǫ ˤѵี ൓⸸ ⸸㔷⸸ีༀǙ⸸ ǣ ѵѵ ѵ⸸ ǫ ː ⸸ ǫༀǙ ൭㤳⸸ ൓⸸ Ҳˤ ˤ⸸ǫǣ ˒⸸ ൭㤳⸸ ˞㔷 Ҳ 㔷⸸ ǫˤༀ ˤ Ҳ ⸸ ѵѵǫ 㔷⸸˒ ⸸ ѵѵ ‸Ǚ ѵѵ 龸ꀀྱ ‸Ǚ ⸸ː ‸Ǚีༀ Ҳ ѵ ‸ ⸸ѵːˤ Ǚ 㔷⸸ ǫ ˞㔷 ‸ǫ˞㔷 Ǚ ǫ㔷 ˤ‴ ⸸ǫีༀѵѵ ‸ˤǣ ǫༀǙ ൓⸸ ‸Ǚ 㔷ѵี ˤ⸸⸸ี ‸Ҳǣีༀː ‸ ⸸ ⸸ 㔷 ⸸ ‸⸸ ˒ѵ ˞㔷 ‸ Ҳǣǫ㔷 㔷⸸ีༀǙีːˤ Ǚ ีༀ  ːༀ Ҳǣ 㔷ː ⸸ 㔷⸸ีༀ Ҳ ѵ ൭㤳⸸ ൓⸸

˒ ѵ 㔷㔷⸸ Ǚ˞ༀ㔷Ǚ⸸ѵǙ ൭㤳⸸㔷 ˒ѵ ⸸ ѵ ˒ 㔷 ˤ Ҳ⸸ː ѵǫ ѵѵ ѵ⸸

ːѵ

ǀ ǀ

Ҳǣ 㐵㤰i 㠮ǀ⸷

ѵ ൭香 ‸Ǚ ⸸⸸ ǫː ⸸ี ˞ༀ㔷 ‸ ‸˒⸸ีༀǙี Ҳ⸸ː ѵǫ Ҳǣ 㔷ѵ ⸸㔷⸸ ː ีༀː ‸ Ҳ ѵ ˞ༀ⸸ ⸸ ൭ǫǣǙ ⸸ ǫ ⸸  ˤ⸸ ‸ ˤ㔷Ҳ˒Ǚ‸ǫ˞㔷൭ǫǙ ⸸ ǫ ˞㔷 ⸸⸸⸸Ҳ˒⸸ ⸸ Ǚีːˤ ǫ ː ൭ǫ ൓⸸ ǫˤ ⸸ːˤ ǙѵǙ Ǚѵ˒Ҳ 㔷㔷˒൭ ː Ҳǣ㔷˒൭ ⸸ ี ⸸ ǫ ˞㔷 ǫ˒൭ ː˞㔷 ‸ ‸˒⸸ีༀǫ ː ˤༀ ൓⸸ 㔷 ⸸˞ༀ㔷 ⸸ ‸ ˒ Ҳ ѵี ˤː˞㔷⸸ː ⸸Ǚ ൓⸸ѵѵ㔷ี⸸ ⸸㔷⸸ ː

Ǚ˞ༀ㔷 ൓

Ҳǣ⸸ ǫ൭ǫ Ǚ 㔷⸸ ǫ ˞㔷 ˢ ǫ ѵǙǙี Ǚ˞ༀ㔷 ѵǫ

൓⸸ ҲǣǙี ⸸ˤ

Ҳˤ ǣѵˢ ѵˤ 㔷 ǫ 㔷  ⸸ ˒൭ ⸸ǫ 㔷 ⸸ ǫ ൓⸸ ˤ ː˞㔷 ൓⸸ ǫ ǣːˤ Ǚ ˞ༀ⸸ ⸸ ⸸ Ҳ⸸ː ѵǫ ҲˤǙ⸸ 㔷 㔷 ൭ǫǣ 㤶 i ǀn f㐵 㔷 ˢ ҲˤҲǣ ⸸⸸⸸ ‸Ҳǣ ː˞㔷 ˤ ˢ ⸸ ˤ ൭㤳⸸ 㔷 ǫ‸ǫ˞㔷 ൭Ҳ ↣ ൭鿠䙥 䙥 㤲 e 㤲 ‫ت‬↣ ˤༀ ൓⸸ 㔷 ‸ǫ˞㔷 㔷˒ ǫ ǣ i ǀn f㐵 ‸Ҳ ⸸˒ ѵ⸸Ҳ ൓⸸ѵ൭Ǚ ↣ ൭ 䙥൭ 鿠 䙥ǘǏ鿠 ˤༀ 㔷ѵѵ⸸Ǚ ː˞㔷 ൓⸸ѵ൭ѵѵ ǫ˞ༀ㔷 Ǚี ⸸ 㔷  ⸸ ⸸ ѵ ⸸ Ҳˤ ⸸㤶 ‸ ↣ nǘa n 䙥 a⸸ ˤ ǫˤ ːѵ‸⸸ ː˞㔷 Ǚ˞ༀ㔷ˤༀ ൓⸸ ⸸ 㔷 㔷⸸ ǫ ː ⸸ː ѵǫ ⸸ː⸸ Ҳ⸸ ⸸Ҳǣ ൓ༀ ˤ⸸⸸ี ⸸⸸㔷 ⸸ ǫ 㔷 ൓ѵǙҲ൓⸸ ⸸ѵ 㔷ѵǙ ‸ ‸⸸⸸ ⸸ː⸸ ⸸‸⸸ ⸸ˤ 㔷 㔷Ҳ൓⸸ ⸸⸸⸸ ‸Ҳǣ 㔷ѵˢˤ ⸸ ǫ a⸸⸸Ҳ ѵ൭‸ ˒ѵ ˢ ˒ѵ ѵǙѵˤǙ ‸ǫ˞㔷 ǫ㔷 ѵ൭ Ҳ ˢ  ѵ ː˞㔷 ‸˒⸸ีༀ ǣѵ൭ 㔷ѵѵ㔷ี⸸ ˤ ѵǙːˤǫ ѵ⸸  ‸⸸⸸ ⸸ǣҲ˒ ⸸ 㠮in ani ‸ǫ˞㔷 ⸸ː Ҳีༀ 㔷 ⸸ˤ ⸸Ǚ ൓⸸‸Ǚѵ 㔷˒ Ҳˤ⸸ 㔷 ѵ ‸ѵˤ 㔷 ˤ 㔷 ‸ː ˒ѵ ˢ ˒ѵ ‸Ǚѵѵ㔷ี⸸ VCP 㔷ี⸸ ีༀǙ ǫ ː  ൭㤳⸸ː⸸ ‸⸸ː ⸸ѵ ˞ༀ㔷ǫˢ൭ ǀ 㐵 a a 龸ǀn 㠮㐵 aǀn 䗠㐵 i㠮n 龸䗠 ีༀ ൭㤳⸸㔷ี⸸ ˤ㔷ǫ ༀ⸸‸⸸൓ༀ 㔷 ( a 㐵n i ѵ ൭㤳⸸Ҳ⸸ǣ ⸸ ǫ 㔷 ǫ ː ‸˒⸸ีༀː㔷 ⸸ ˤ⸸ҲѵҲ Ҳˤː㔷 ‸ѵ ˤ 㔷⸸ ൭㤳⸸ ˤ  ีˤ ː ⸸ˤ⸸‸˒⸸ีༀ 㔷

⸸ ǫ ː㔷 ҲѵҲ ː㔷 ‸Ǚѵѵ൭ ⸸ Ҳ ѵ ⸸ีༀ ː ǙีǙ ⸸Ǚ ⸸ 㔷⸸ ǫ⸸⸸ ː㔷 ˢ ѵˢѵ ⸸ ѵ ː⸸⸸Ҳ˒Ǚ‸⸸൓ༀ Ҳˤ ⸸⸸⸸Ǚ⸸ ǣ⸸ː ѵ൭ ˢ ǀ 㤰i a ǀ ( ⸸ ǀan ൓ Ǚี‸Ҳ ː⸸ 㔷 ⸸ ǫ㔷ˑ ༀ ⸸ีǙ ⸸⸸ˤ ( a 㐵n i ี 㔷ี⸸

㤲 p㐹 鿠n鿠a 䙥 Superperformance 9Ꜹ挠 㔷‸˒⸸ ( i㠮 i㠮fǀ㠮 㐵n i ǫༀǙ ༀ Ǚ˞ༀ㔷 Ҳ ѵǫˤǙ ‸ǫ˞㔷ѵ ⸸ี ˞⸸ ⸸⸸ ǫ ⸸Ҳ ˤ ⸸ Ҳ ൭㤳⸸ ൓⸸ ⸸ ǫˤༀ ൓⸸ǫ㔷 ‸ 㔷‸˒⸸ ( i㠮 i㠮fǀ㠮 㐵n i ǣ ⸸ѵ ൓⸸ ⸸ ˤ Ꜹ ൭ ⸸ีༀ ꦐ䗠ྱ ൭㤳⸸‸˒⸸ ⸸ ѵ Ҳ⸸ ൓ ⸸ ѵ⸸Ҳ  ีༀǙี⸸ ǫ 㔷 ǫˤѵ ǫˤ 㐵㠮㤰i 㐵 ⸸㔷 Ǚ˞ༀ㔷 ี ˤ⸸ ‸ ⸸ Ҳ ѵ Ҳǣ ː ⸸ˤ⸸‸˒⸸⸸㔷 ˤ⸸ ‸ Ǚี ˤ ˤҲ ีༀѵี ൓⸸ ⸸  㔷൭䳌 ˞⸸ ⸸ Ҳǣ⸸ǫ ǫ ː ⸸㔷⸸ีༀ ǣː Ҳ ⸸ː ѵǫѵѵ ˢ ˒ѵ ˢ⸸ ǫѵ ⸸ǫ ː ีༀǙ ⸸⸸ˤ ⸸ː ѵǫ Ꜹ ‸ǫ˞㔷 Ꜹ  ⸸㔷⸸ีༀǫ ː ǣˤༀǫ㔷 ‸ ↣ oe o  n a吠 Lj 㤲 䙥 㤲 䙥 䙥 ‸ 㔷 ˞⸸ ⸸Ǚ ǫˤǙ⸸ ⸸ ǫ ǫ  ⸸ǫ ː ⸸ ˤีༀ Ҳ ѵ ൭㤳⸸ ൓⸸ 㔷Ǚี Ǚ൭ǫǣ ⸸ีༀ ː ː ː˞㔷 ˞⸸ ⸸ ː⸸ː㔷Ҳ Ҳǣ 㤶 Ҳ ѵีༀ ൭㤳⸸

ีༀ ː ː ː˞㔷 ༀีༀ ⸸ ⸸ ѵ ‸ ːѵ ǫ ǣǙ⸸ ǣ ൭㤳⸸ ༀีༀ ǫ ː ‸˒⸸ѵѵ㔷 Ǚ ⸸ ѵ⸸⸸ ⸸ 㔷ː˒ ː˞㔷 㔷‸ ǫǣีༀ ǘ鿠

吠ǘ鿠൭‫ت‬

䖃 : 䈀

䙥 ‸˒⸸ ( i㠮 i㠮fǀ㠮 㐵n 㔷ˤ ⸸ǫǫ ː 㔷Ǚ⸸ ⸸Ǚ˒ǙǙ㔷 ˞⸸ ⸸ ‸ ˒ː˞㔷 Ҳ⸸ ǫѵː ⸸⸸ ൭ǫǣ‸Ҳ ѵ ˤ ൭Ҳีༀ ⸸ Ǚ ѵˤ ⸸ ǫ ǣҲ㔷 ˤ 㔷⸸ ːˤ Ǚ ѵ‸ˤ 㐵ྱi

n ǘ䖉䙥Dž 䙥 ǘ鿠൭‫ت‬㤶㤲 a䙥

i  ˒⸸ ˤː ⸸ː ѵǫѵѵǙ ⸸ ⸸

ѵ⸸ ːҲ˞ༀ㔷⸸ ⸸ ‸⸸ˤ Ǚีː˒ ː 㤲ǘǏ鿠䙥 ‫ ت‬鿠

ǣีༀǫ ː 㔷 ˢ ⸸

㐵ྱi

⸸ีༀ ൭Ҳีༀ ⸸ ⸸⸸ ˞ༀ㔷‸⸸ 㐵ྱi ѵ൭ ൭㤳⸸ ǫ ːˤ Ǚ ⸸ 㐵ྱi ѵ൭ Ҳǣ⸸ ǫ ีༀ ǫ ˤ 㐵ྱi Ǚ ǫ ǫ 㐵ྱi Ҳǣ ˒ѵ Ҳѵˤ ⸸ ǫ ǫ 

⸸ ǫ ൭Ҳีༀ ⸸ ൭Ҳ ⸸ ˞⸸ ⸸ ‸Ҳ ⸸ีː ‸ ˢ Ҳ⸸ ⸸ǫ ‸ ൭㤳⸸ ‸ˤǣ Ҳǣ㔷㔷⸸ ⸸‸˒⸸ ൓ༀ Ǚ ǫ ǫǣ ѵ˒ ѵѵˤ ⸸ ǫ൭ǫǣ˒ ൓⸸ 㔷ˤ㔷Ҳ˒Ǚีༀ ⸸ѵ ൓⸸ ⸸ ˤ 㐵ྱi Ҳǣ⸸ ǫҲѵҲ ǙǙ 鞘ǘ䖉鿠൭鿠䙥 䙥 ‸ːː ⸸൓ ൓ 㔷ː ൭ǫǣ⸸㔷 ː ː ⸸ี ⸸ˤ ⸸Ǚ ǫ ː 㔷 ˢ ⸸ ൓⸸ีༀ ѵ ⸸ ˞⸸ ⸸ ǫ ѵѵ ⸸ː ѵǫ ˒ˑ ൓⸸ ˤ ǫ൭ ⸸ǫ ⸸ː ǫ⸸ ǫ ѵี ѵѵǫ ൭ǫǣ ‸Ǚ ‸Ǚ Ҳ ˒ѵ ˞㔷 ⸸ ˒ѵีༀǙีːˤ Ǚ ีༀ  ːༀ ˒ѵ‸⸸ี ‸Ҳ˒ѵ ǀ ǀ

⸸

⸸⸸

ǫ˒൭ ː˞㔷 a 鞘ǘ䖉鿠 ྱǏaྱ ൭鿠鿠ne 䙥↣䙥‫ ت‬䙥吠 䖉䙥 䙥 䖉䙥൭鿠䙥 ྱǏ Moving Average ྱn൭‫ ت‬䙥 㤲  䖉䙥䙥䙥 ⳀⳀ Ⳁ Ⳁ 鿠ne 㤲 aoeoa 䙥 鿠䙥 ⳀⳀ ‫ت‬䙥 ann䖃Ǐ 㤲n䖃Ǐaྱ ↣൭ 吠 ൭Ǐ ‫ ت‬ ː n鿠a elative Strenge ൭鿠 吠 䙥鿠n ‫Ⳁ ت‬ ↣㤲㐹 鿠ne 䙥 ‫ت‬ Ⳁ Ⳁ 㐹䙥 o䙥 吠

㤶 ːǫ

൓⸸

ี㔷ี 㔷ː⸸

⸸⸸⸸ ‸ǫ㔷ѵˢ 䙥Dž 䙥 吠 㐹o吠 ǘ鿠 ‫ت‬ ྱǏ e ↣䙥䙥㤶䙥㤶‫ت‬䙥 a൭‫ت‬ volatility contraction pattern n 鿠㤲↣㤲‫ت‬aྱa 䖉䙥 㤲 nǥ䈀䙥 㤲ǘǏ鿠n ‫ت‬鿠㤲 吠㤲a Ҳǣ a 鞘ǘ䖉鿠 ǘ鿠൭鿠䙥 ྱǏ吠䙥 breakout Dž 䙥䙥䖉䙥 鿠吠a‫ت‬n‫ت‬鿠㤲 吠o䙥䙥o䙥䙥 䙥‫ت‬䙥吠 ൓ༀ ˒ѵ ˞㔷ีༀˤ ⸸⸸⸸ː˞㔷 䗠a ǀ ǀan 㔷⸸ǙีҲ⸸ǣ ǣѵ⸸ี ‫ت‬鿠㤲 吠 ྱǏ㤲a㤲൭Ǐ 吠 䙥൭Ǐ ‫ ت‬ǣ㤲ྱǏn 鿠 ae 吠ǘ鿠䙥 吠 吠ྱ 鞘ǘ䖉鿠 n 䙥 䙥 㤲 ⸹ 吠䙥 䙥o p‫ ت‬䙥 ൭ ྱn吠 㤲ǘǏ鿠䙥 ‫ ت‬䖉

㐹 ྱǏ 䖃吠 p鞘ǘ䖉鿠 n㤲a㤲 吠 n  吠 吠ྱ 鿠n n 䙥↣㤲‫ ت‬吠ǘǏ鿠 ↣  n 䙥䙥鿠n㤲吠 ↣ ↣ 鞘ǘ䖉鿠 䙥 ⸹ 䙥 䖉䙥 a ‫ت‬吠 ѵ 㤲 鿠n 䙥 㐹㤲㤶 䙥 䙥ǘ鿠 Pivot Point ↣㤲㐹 鿠 䙥 䖃oe 䙥൭‫ ت‬鿠 a 鿠䙥 ae‫ت‬鿠㤲 吠 㐹 鿠䙥 㐹 ‫ت‬n a吠 o吠吠൭䖃‫ ت‬൭ 吠 ൭䖃 䙥吠 㐹 a 㤲 䙥 䙥 ↣൭ n 䙥 ‫ت‬㤲 Ǐ‫ ت‬吠 鿠‫ت‬䙥 吠ྱ‫ت‬鿠㤲 吠 吠 ↣㤲‫ ت‬ ⳀⳀ,ⳀⳀⳀ 䙥 ↣㤲㐹 䙥 㤲‫ت‬䖃Ǐ p o 吠 ൭ ྱn吠൭‫ ت‬鞘ǘ䖉鿠 a 䙥 ྱ 吠ǘǏ鿠 䖉䙥㤶 䙥 Pivot Point a Ҳˤ a൭a a 䙥 吠ǘǏ鿠 䙥 䖉䙥 䙥 吠 㤶 䙥 a䖃吠 ↣㤲㐹 㤲 㤲a 䙥 a 䔲 吠ǘǏ鿠o䖃䖉䙥‫ت‬䙥 ൭Ǐ ‫ ت‬o䙥 moving average Ⳁ ‫ت‬䙥 ǘ鿠‫ ت‬吠ྱ ‫ ت‬吠 oྱǏn ྱǏ吠䙥 㐹 吠 ൭ 鿠

o 䙥䙥 ีༀǙ ǫ ː ‸ːˤ Ǚ ː ː ⸸ ː⸸⸸Ҳ˒Ǚ⸸ีǙ ⸸ ǫ ǣ ൭㤳⸸ ˢ ൭ѵ ⸸Ǚ ⸸ ǫˤༀ ൓⸸ː ˤ ‸ǫ˞㔷 ൓⸸㔷   ǫ ѵ 㔷⸸ˤ 䙥䙥鞘ǘ䖉鿠 䙥 ྱǏ 䖃oe 䙥 a‫ ت‬吠ྱ↣ 鞘ǘ䖉鿠 䙥 㤲 䙥o 䙥䙥 鿠no䙥䙥o䙥䙥 吠 䙥൭鿠 ‫ت‬吠‫ت‬ 䙥 䙥↣ ↣൭ ൭鿠 n n 吠 ‫ ت‬൭  䙥 ྱǏ 吠 吠䙥൭吠 䖉䙥↣㤲㐹 鿠 o㤲吠 㤲‫ت‬䙥鿠n吠 ྱǏoa o

p 鞘ǘ䖉鿠 鿠o 䙥䙥 ⸸ː ѵǫ ⸸㔷⸸ ː Ҳǣ 㔷ѵ ีༀ⸸ ൭ǫǣ‸Ҳ ѵ Ҳǣ⸸ ǫ൭ǫ ൭ǫǣǙ ⸸ ǫ ⸸  ˤ⸸ ⸸ ǫ ⸸ ⸸˒⸸ѵ ⸸൭ǫǙ ⸸ ǫ ˞㔷 㔷 ⸸ ːˤ Ǚ 㔷⸸ ǫ ˞㔷ีༀ ൭㤳⸸⸸ ǣ ⸸ ǫˤༀ ൓⸸ 㔷ǫ ː 㔷 ǫˤѵ ǫˤ ⸸ːˤ ǙѵǙ Ǚѵ˒Ҳ 㔷㔷˒൭ ː 㔷˒൭ ⸸ ːˤ Ǚ 㔷⸸ ǫ ⸸㔷 Ǚ ⸸ Ǚ˞ༀ㔷 ี ⸸ ːˤ Ǚ 㔷⸸ ǫ ˞㔷

o

p o㐹o吠 䙥 鿠o 䙥䙥 ѵˢ  ี ˤ ˤ ൭㤳⸸‸Ҳ⸸ ѵ ǣีༀ ѵ ⸸ ˒ѵ ːༀ ˒ѵ ⸸ѵ ⸸ Ǚ˞㔷 㔷 ⸸ ǫ ː ⸸ѵ ǫ㔷Ǚ⸸ ˤ㔷Ҳ˒Ǚีༀ ˢ⸸ˤ ː Ҳีༀ ǣǙีːˤ Ǚ⸸ ˞ༀ㔷 ˞㔷Ǚ ⸸ ǫ ǣǣ  㔷⸸ˤ ൭㤳⸸ 㔷⸸ ǫ ˞㔷 ⸸ ⸸ ⸸ ǫ ൭ѵ ྱ㐵 ีༀǙ ǫ㔷Ǚ⸸ ˤ㔷Ҳ˒Ǚ ˢ⸸ ൭㤳⸸ ༀ ǣ㔷⸸ ൓ːˤ Ǚ 㔷⸸ ǫ ˞㔷ีༀ  ⸸ǫ Ҳีༀ ‸˒⸸ˤༀː  ี ˤ ˤˤ㔷Ҳ˒Ǚ ˢ Ҳˤˤ⸸ 㔷Ǚ ⸸ѵ  ѵ ˤˤ㔷Ҳ˒Ǚ ˢ ˤ⸸   Ǚ㔷‸ ‸˒⸸ีༀː  ี ˤǫ ː ൓⸸ǙีǙ ⸸⸸ˤ  ѵǫ ː Ҳѵˤ ːǫ ːǫ ˤ 㔷 ⸸ˤ  i nǀ (n 㐵 in 㐵 a ีༀ Ǚ 㔷 ǫ˒൭ѵѵ⸸Ǚี  ⸸ี ːǫ ⸸ 㔷 ⸸ǫˢ ༀǙ ⸸ 㔷‸⸸ ˞ ˞㔷㔷 ⸸⸸ǣːǫ ൭⸸ ⸸ี ːǫีༀǙี ҲˤѵǙ㔷 ⸸ ˞㔷ˤ ี 㔷 ˒ѵ

‸⸸Ǚี‸˒⸸⸸㔷 ‸Ǚ㔷  Ҳ ѵ ൓ༀ ൭㤳⸸ีༀ ˞㔷 Ǚ ⸸ ൓ː ‸⸸൓⸸ ൓ ˑ˒ǫ⸸ ⸸ˤːѵ Ǚ ⸸ѵː˒⸸⸸ี ีༀ ีༀǙ ǫ ː ี ⸸ѵˤ ⸸‸⸸ ˞㔷 鞘ྱn䙥 䙥 a 䖉䙥 ǣˤ ѵ൭ Ҳˤ Ҳˤ ⸸ ǫ ⸸Ǚี‸˒⸸ีༀǙี ⸸ˤːѵ ⸸ี 㔷 Ǚːˤǫ Ҳ

a↣䙥䙥

Ҳ 㔷

⸸ːѵ ⸸˞㔷‸ 㔷 Ǚ ൭ǣѵˤ ˞ༀ㔷 ǣѵѵ ː ѵѵѵี ༀ ൓⸸

ˢ ี ⸸ 㔷⸸ˤ ˑ˒ǫ⸸ ⸸ˤːѵ ⸸ˤːѵ⸸ี ൭㤳⸸ǫˢ൭ 㔷⸸ ⸸ ǫีༀ ǫ ⸸ː ѵǫ ѵˤ ⸸ ǫ Ǚ˞ༀ㔷 ǫǣ ǫ  ˢ ǫ ː ǫ 㔷㔷⸸Ǚ ⸸ǫ ⸸‸⸸൓ༀ Ҳǣː ː ⸸ ⸸⸸ѵ൭ ǫ˞ༀ㔷 ⸸‸  ǫǫ ⸸ː Ҳǣ ⸸ีༀ  ༀˤ൭ǫǣ  ‸ǫ˞㔷ༀˤ Ҳ⸸ Ҳ㔷⸸൓⸸ ൓ǫ ⸸㔷  ǀn㐵 㐵 㐵㠮 禀 㐵㠮 ( 㤰 㐵 ǀ i i 㐵 ǀ i i ǀ 禀 㐵㠮 ( 㤰 龸 a a 龸㠮㐵 㤰i㠮 㐵㠮㠮i i a ai a 㤰 禀 ǀ㠮 anྱ ǀǀ in ྱ( 㐵 㤰 禀 i㐵㤰 ǀ( i Ҳǣ 龸ǀ ǀ ǀ i 㐵 i ˤ⸸⸸ี ǣ ൭㤳⸸ 㔷  ⸸ˤːѵีༀ൭ǫǣ ːˤ Ǚ ː ǫ ǫǣ ‸Ҳ ⸸ี㔷 ˢ ⸸⸸Ҳ˒Ǚː ൭Ҳี⸸ ⸸ˤːѵ ⸸ีː ‸ ǫǣ ˢ Ҳ ѵ ‸Ǚ ː ‸ ⸸ѵǫ ⸸ ‸Ǚ ൓⸸㔷 ǫˤѵ ǫˤ ѵ ǣ 㔷ѵ ⸸ǫ ⸸ ѵี ˤ⸸⸸ 㐵 i ǀ㠮i 㐵 i ѵ ѵˤ ⸸ː ѵǫ ˒ ൓⸸  ⸸ǫ 㔷 ⸸˞ༀ㔷 ⸸ ǫ Ǚѵˢ ǫǣ൭ǫǣ 㤶⸸ี ⸸ ˤ ǫˤ Ǚ ⸸ Ҳǣ Ҳ⸸ː ѵǫ ⸸ ˤ ൓ ⸸ ǣ⸸⸸ǫǣ ǣ ˤҲ ⸸ ⸸ 㔷ีༀː˒ ǣː ⸸ː ѵǫ‸Ҳ ѵѵѵ . ༀีༀ ǫ ːˤǫ ⸸ ː ‸ǫ ˑ˒ǫ⸸ Ǚ ⸸ѵː˒⸸⸸ี ː˞㔷 㔷ѵ ⸸ǫ ⸸ ѵี ˤ⸸⸸ 㐵 i ǀ㠮i 㐵 i ༀǙ ⸸ Ҳǣѵ ǫǙ 㔷ѵ ⸸ѵ⸸ีːˤǫ ǣ ൭㤳⸸ ˤ Ҳ ൭㔷ǫ ⸸ ‸Ҳ⸸ ѵี ˤ ˢ ⸸ ൓ ൭㔷ǫ ⸸ 㔷‸Ҳ⸸ ⸸ǫǣѵ ⸸Ҳ  ⸸ ˤ ˢ 㔷ีༀ ǣ ˞㔷ˤ  ⸸ǫ ⸸ ѵǙ ˢ 㔷ีༀ ǣ ༀ ˞⸸ 㔷 ⸸˞ༀ㔷 㔷ѵ ⸸ǫ ⸸ ѵี ˤ⸸⸸ ǫǣѵ Ꜹ挠 ‸ǫ˞㔷 ˢ⸸ˤ ⸸ ѵǙ ˞㔷ˤ ǣ ༀ ˞⸸ѵѵ ⸸ǫǣ ǣ ˤ ѵ ༀˤѵ൭ 㐵 i ǀ㠮i 㐵 i Ꜹ挠 ‸ǫ˞㔷Ǚ ⸸⸸ˤ ⸸ ˞㔷ˤ 㔷 ѵѵ ൭䳌 㔷ǣѵǫ ีༀ  Ҳ ‸ 㐵 i ǀ㠮i 㐵 i ː˞㔷ǫ ː ⸸˒⸸ i ǀnǀ ǀf 㐵 i Ҳǣ ൭ǫǙ Ҳˢ⸸ː ⸸ ǫีༀ 㔷ѵ ⸸ǫ ⸸ ѵี ˤ⸸⸸ ˢ ൓⸸ ˤѵ⸸ ǫ ⸸ีༀ ൭ѵǙ ൭ ൭㤳⸸㔷 ːˤ Ǚˤ Ǚี ː ⸸ˤ⸸Ҳˢ⸸ː ༀǙ ൓⸸ ‸ ⸸ 㔷ѵ 㐵 i ⸸ ˞㔷ˤ  ‸ ǫ⸸ѵ ⸸ː Ҳ ˢ ี ǫǣ ⸸ ⸸ː Ҳ Ҳ

ǀ㠮i 㐵 i ҲѵҲ ⸸ǣ ⸸ༀ⸸‸Ǚ ൓ ˒ѵ  Ҳǣː⸸ѵǙ ˞㔷 㔷 ⸸ǫ ⸸ Ҳǣː⸸ѵǙ ⸸ ˞㔷 㔷ีༀѵ‸⸸ Ҳ

⸸㔷

‸Ǚ

ǫǣǙี ⸸ː Ҳѵǫ ː Ǚ ⸸ ⸸⸸ѵ൭ Ҳǣ 㔷ѵ ˞㔷 㔷ǫ

⸸㔷 ⸸ˤ ൭⸸

↣㤲‫ ت‬㐹 㤲ǘ鿠 䙥 䖃  ↣䙥䙥 䙥aྱ㤲 㐹  㐹 a 䖉䙥 ีༀǙ ǫ ː 㔷⸸ˤ ǫǣ ˤ⸸ ‸ ǣǙี ˤ ˢ Ǚ˞ༀ㔷 Ǚี ⸸ ѵ Ҳ⸸ ҲǣːҲ㔷 ˤ ǫ Ǚ⸸ ǫǣ ‸ ีༀ Ǚ ǣ ༀǙ ‸Ǚ˞㔷⸸⸸⸸ 㔷 ǫ ǫ ːༀ ⸸ˤ ⸸⸸ Ǚ ⸸ ѵ⸸⸸ ีༀǙ ǫ ː ⸸ǣ ‸ ǫ ⸸ ѵ൭ีༀ‸˒⸸ ⸸ ѵ Ҳ⸸ Ҳǣ⸸Ҳ  ǫ ǣ ˤ⸸Ǚ⸸ ǣǙี ⸸ː ѵǫ Ҳǣ 㔷ѵ ǫ ː ‸˒⸸ีༀ ѵѵ ǫˤǙ ⸸ ˤ⸸⸸ี ːˤ Ǚ Ǚ ǫ ⸸⸸ ǫ⸸ː ѵǫ ѵี Ǚ⸸⸸ ǣǙี 㔷⸸ ː ⸸ː ѵǫѵѵ 㔷 ൓ Ǚ  ⸸ ˤҲ ѵǙ⸸ีༀ ѵ˞㔷⸸ ⸸ ⸸⸸ ǙѵǙ ⸸ ⸸ǣˤ ǣѵ൭ѵѵѵ⸸Ҳ ːѵ‸⸸ ː⸸ ⸸⸸ ൭㤳⸸ ː ༀ⸸‸ǫ˞㔷 ൭Ҳ ⸸ Ҳ ˤҲ  ⸸⸸ีༀ ǣ 㔷⸸ѵѵˤ ൭㤳⸸ 㔷 ‸ǫ˞㔷⸸ǫǣ ༀˤˤˢ

⸸‸⸸ ˞㔷 a↣䙥䙥 鞘ྱn䙥 䙥 a 䖉䙥 Ǚี 㔷⸸‸⸸൓ༀีༀ Ǚ ǫ 㔷 Ǚ ൭ǫǣ ⸸ ⸸ Ҳ ѵ‸˒⸸ ⸸ ǫ ѵѵ ː˞㔷 Dž 䙥 䙥ǘ䖉鿠൭䙥 ีༀ ǫༀǙ  ‸⸸ 9 ൓ Ꜹ ⸸ ˞㔷 ⸸ ีༀˤ ⸸ี⸸ː˞㔷⸸ ǫ ǫ  ⸸ 㔷‸˒⸸ ༀ ‸Ǚːǫ ǫ Ҳǣ 㔷ี ѵ ⸸‸⸸ ˞㔷Ǚีѵ⸸ี ‸˒⸸ีༀ ǣ ⸸ 〼 ⸸ี 㔷 ีༀǙ ǫ ː ǣ 㔷 ˞⸸ 㔷 ⸸㔷 ѵ˞㔷⸸‸Ҳ Ҳ ѵ ːː ˤ ˞⸸  ⸸ ǣ‸Ǚ ൓⸸ ǫีༀǙ⸸ ˞⸸ 㐵 a i aྱ ѵѵ ѵǙ ѵ⸸ ⸸ѵѵ൭ː ⸸ ˤ Ҳˤ Ҳˤ⸸ѵˢǫ 㔷⸸ ǫ ˞⸸ ⸸⸸ Ǚ⸸ 㔷Ǚี⸸ ǫ ǫ  ⸸ ‸ǫ˞㔷൭ǫ ⸸ ⸸ 㔷⸸ༀ⸸ ‸Ҳǣ ˤҲ ൭ǫǣǙ ൭ѵ ‸ ‸ǫ˞㔷⸸ ⸸⸸ˤ ⸸⸸ Ҳˤ⸸⸸Ҳ ˤѵ൭ː 㐵 a i aྱ ѵѵ ีༀǙ ǫ ː ˞㔷 ǫѵ‸⸸ ⸸⸸൓⸸ ൓ ( a 㐵n i ѵˤ Ҳ ːǫ 㔷⸸ีༀǙ⸸ 㠮i㐵㤰ǀ( 㐵n i ൓⸸ѵ൭ѵѵ ǫ˞ༀ㔷 ˞⸸ ⸸ 㔷 Ǚѵ൭⸸ǣ ǫ ǣ ǙѵǙː㔷  ีༀːˤǫ ːˤ Ǚ ǫ ⸸⸸ѵǙѵѵǙีǫˢ൭   ǣ‴ี Ǚ⸸ Ҳ Ǚ ⸸ˤ ⸸ ⸸‸⸸ีѵǙ ⸸ ( a 㐵n i 㔷ี⸸ ‸Ҳǣ

ǣ㔷㔷⸸Ǚ

⸸ี

ˤ㔷

ีༀ ⸸ ⸸˒⸸ ⸸ˤːѵ⸸ี ⸸ ⸸ ǫ ꦐ ‸Ҳ ⸸ѵ⸸ǫ ː ˤༀ ǫ ൓⸸ѵ൭ a i aྱ Ҳˤ⸸ 㔷 ː ⸸ː ѵǫ㔷㔷⸸ Ǚ ‸⸸⸸‸⸸ˤ ǫ ː ൓ 㔷Ҳѵ൭ ǫ  ⸸ ⸸ҲҲ൓⸸ ˒ѵ⸸ˢ ⸸⸸⸸ ⸸ a⸸⸸Ҳ ൓⸸ ѵ൭ѵѵ㔷ี⸸ѵǙ⸸ ⸸ ⸸ ൓⸸Ǚ ѵ⸸Ҳ ‸ǫ˞㔷 a i aྱ ⸸ 㔷 ː 㐵n i ѵ൭ 㔷ˤ⸸ ⸸ѵีѵ ǫǣҲ˒ ൓⸸ѵ൭ѵѵ ⸸ 㔷 㔷ี⸸ ⸸ˤ⸸ ѵǙ ǫ ǣǙ⸸ˤༀѵ൭ ൓ ǫǣѵ ѵǙ 㔷ѵี ⸸ 㔷 ǫ ѵˤ ⸸ ǫː 㐵n i 㔷ี⸸ ൭㤳⸸ˤีː ⸸㔷⸸ีༀ ǣ ˢ⸸ѵҲǫ ː ǫˤѵ Ǚѵ ѵǙ⸸⸸ѵ൭ѵѵ Ҳˤ⸸ ˤ⸸ 㔷 ⸸˞ༀ㔷 Ҳ

㔷

ːҲѵѵѵǙ ˤี ൓⸸ѵ൭ː a i aྱ ѵѵǫǣѵ ‸⸸൓ༀ

㔷

ː ⸸ː ѵǫ‸⸸⸸

ѵǙǙี⸸ ǫ

㔷ҲǙ ‸⸸⸸ ː ǫ ˤ

(

ѵีѵ⸸Ҳ ⸸⸸⸸ ൓⸸ѵ൭ 㔷ѵ⸸Ҳ ൓ѵ ѵǙ⸸ 㔷 ‸ǫ˞㔷 㔷ี⸸ːǫ 㔷 ǫ ‸Ǚѵ⸸ː Ҳ ⸸ѵีѵ ǫѵ൭ː a i aྱ ѵѵ⸸ี

˞ༀ㔷ː

龸䗠

⸸ːҲ

˒ǫ ː ൭Ҳ㔷 ‸

ǫ ː

㐵n i

⸸⸸

㔷 a i aྱ 㔷ѵีༀ Ǚ⸸ 㔷 ‸⸸⸸ 㔷 ⸸˞ༀ㔷 ǫ ː Ҳǣˤ⸸ ี Ҳ ⸸ ːǫ൓ༀ൭ ⸸⸸⸸ ൓ ⸸ѵ ⸸ Ҳˤ ൓⸸ѵ൭ 㔷 ǫ ˤ ⸸ Ҳˤѵ൭ 㔷 ༀ㔷 ˞ ⸸ ǫ  ⸸⸸ ⸸ǫˤǙ ѵ˞㔷⸸ ⸸㔷⸸ีༀ ǣ ༀ ี ˤ ˤ ѵ 㔷⸸⸸ 㔷ี⸸ ˤีༀːҲ

⸸⸸Ǚ ⸸

龸

⸸ีༀː˞㔷㤶 ː ีༀ ˤ  Ǚ ีༀ൭⸸൓Ǚี⸸㔷 ǫ ǣǙ⸸ ǣ ൭㤳⸸ ⸸ี⸸⸸

ༀ⸸ˤ ⸸㔷

⸸ 䘛ꀀ ⸸㔷⸸ ǣ ⸸ ⸸ ǫ Ǚ⸸⸸ ൓⸸ ǣ ൭ǣ ǣ൭ǣ Ǚี i 㐵n 㔷㔷⸸ ǫҲ˒⸸ี ⸸ีༀ ˒ѵ⸸ ѵ⸸ ‸⸸⸸⸸ѵ ‸ ⸸ ⸸Ҳ ǫ ⸸㔷⸸ีༀ ǣǙี ǫ ˞㔷ѵ⸸ ‸ ǫ ː ⸸ѵ ⸸ Ҳˤ ൓⸸ ൓ༀ ൭㤳⸸ Ǚ˞㔷⸸ ǫ ⸸ ‸˒⸸ 㔷 ⸸ ൓⸸ѵ൭ ⸸ ⸸⸸ ⸸ ⸸ ǫ  ⸸ǫ ː ѵ൭ีҲǣǫǣѵ

ˤ⸸ 䗠䗠 ⸸㔷⸸ีༀ ǣ ൓⸸ѵ൭ː 㐵 a i aྱ ⸸ѵѵѵีѵ ˤ ⸸⸸⸸ ൓⸸ѵ൭ ǫ  ˞ༀ㔷 ǣ Ǚ ⸸ Ҳˤ Ǚːǫ ൓ѵѵǙี ǫѵҲ ˞㔷‸˒⸸ ⸸ѵ൭㔷 ൓ ǫ Ҳ ˤ㔷

⸸

⸸ː˞㔷 骸䘛

⸸ ːༀ

⸸ǫ

ˤีː 㔷

龸龸

禀 ːҲ

⸸⸸Ǚ

禀 ⸸ีༀ⸸ ǫ 

ꀀ

⸸ีༀ⸸

⸸‸Ҳ

⸸Ǚ ⸸

ˢ ǫ

ѵˤ ǫǫ ǫǫ 㔷 Ǚ 㔷 㔷 㔷⸸ˤ ˢ ǫ⸸ีǙ⸸ ѵǙѵѵ˒⸸ ˤ ǙีѵǙ ൓ 挠 ѵˤ Ǚ ǫ ǣ ˤ⸸ ‸ ǫ  ⸸ ҲˤѵǙ ː ǫ ‸ǫ˞㔷 ˢѵ ː˞㔷  ˤ 㔷 Ҳˤ ǫ㔷 Ҳ 㔷  䘛

Ǚ⸸ ൓ ൭㤳⸸⸸ǫ ี ൓⸸ǣ ‸ ǫ ൓ǫǣˤ Ҳǣǫǣ ˒ ˒ѵ ˞㔷ีༀ ‸Ǚ ǣ Ǚѵˤѵˤ ‸Ҳ⸸⸸ ǫǫǣ ˒ ˒ѵ ˞㔷⸸ 㔷 ǫༀǙีༀ ൭香 ‸Ǚ ‸Ҳ⸸ 㔷ː˒ 㔷 㔷  㔷 Ǚ⸸ǣ ˞㔷 Ҳˤˤༀѵ൭ 㔷⸸ี ⸸ 㔷‸ ˒ѵีༀѵีѵ⸸Ҳ ൓⸸ѵ൭‸ ѵ ѵǙ ˞㔷⸸㔷⸸ ีༀ ѵǙ ൓ѵ ⸸⸸ ǫ ǣ ˞ༀ㔷ˤ Ǚ⸸Ǚี Ǚ Ǚ⸸ Ǚ ี  㔷ีༀ ǣ Ǚѵ൭ѵѵ Ҳˤ ǫ ǣ ǫ  㔷Ǚ⸸ ⸸⸸ ǫѵ 㔷 Ǚ ѵѵ‸Ҳ ѵ ⸸ Ҳˤ Ҳǣีༀ ː ː ( ѵǙ ⸸ǫ 㔷ีༀ ǣ ˤ ⸸ ǫ ːҲ˞ༀ㔷⸸ีༀѵ൭ 㔷ѵѵ ⸸ǫǣ ǣ⸸ี

o

鿠o ൭ 䖃Ǐ吠 ൭䖃吠 aeDž 䙥 䙥ǘ䖉鿠൭䙥 Ǚ⸸ ⸸ ⸸ 㐵 㐵 i ีༀ ˤ⸸ ѵ˞㔷⸸ Ǚี⸸ ǫ ǣ Ǚ㔷ี⸸ːǫ Ǚี 㔷⸸ ː ⸸ǫ ː 㔷ี⸸ ⸸ ൭㤳⸸ ǫˢ൭ 㐵 i ǀn 㐵 i ൓ༀː˒ ː ѵ‸ˤѵˤ Ҳ ˤ Ǚี 㔷⸸ 㔷 㐵㠮㐵 ǀ a (㠮 i ⸸ ⸸൭Ҳ ⸸ ⸸㔷 ൓ ˢ⸸ ˤ ː˒ ǣ⸸ 㔷⸸ ǫ 㔷Ǚ⸸ѵѵ⸸ ⸸ ːѵ‸⸸ ⸸ ˞㔷 ⸸⸸ː ѵǫѵ൭ѵѵ‸Ҳ ѵ˞㔷⸸ ‸ǫ˞㔷  ˤ⸸ ൭㤳⸸൭ ː˒ Ǚี 㔷⸸ ѵѵ ൭㤳⸸ ѵ Ǚ 㔷‸Ҳ ˤ Ҳˤ ˤ⸸ ‸ Ǚ⸸ ǣ㔷൓ѵ㔷ѵ ‸Ǚˢ㔷㔷⸸Ǚ ⸸㔷⸸ ⸸ː ѵǫ⸸ѵ ѵี ˤ

ѵ ⸸ ีༀ ⸸ː˞㔷 㔷 㔷 f㐵 i 㠮i㐵㤰 ൭㤳⸸ Ǚ⸸ǣ 㔷 ⸸ ˞㔷 Ҳˤ⸸ː ѵǫ Ҳ ⸸ǣ ˞㔷 ҲˤǙ⸸ 㔷ҲǙ ⸸⸸˒⸸ ‸ ǫ 㔷൓ѵ㔷ѵ ǣ Ҳ˞㔷⸸‸⸸ี㔷㔷⸸Ǚ ⸸㔷⸸ ǫ ǣѵǙ ⸸ ⸸Ǚ˒Ǚ Ǚ㔷 㔷 ˤ 㔷 ⸸  ⸸ ˒ѵ ˞㔷ีༀѵǙѵѵ ൭ǫี 㔷ี⸸ 㔷ѵ൭ ‸ǫ˞㔷⸸ǫǣༀ⸸ ǫ f㐵 i 㠮i㐵㤰 ѵ⸸⸸ ˞㔷 ҲˤѵǙѵ൭ 㔷 Ǚ  ѵ˒⸸⸸ːˤǫ ǫ 㔷㔷⸸⸸㔷⸸ ‸ ⸸ ⸸ː ѵǫ⸸Ҳ㔷㔷ѵ⸸ ˞㔷 㔷ѵˢ ⸸‸⸸൓ༀ൭ ǣǙี ˤ⸸⸸ีѵǙ 㔷ǣ⸸ǣːǫ ˤ Ǚ⸸ ǣ Ǚ⸸ี‸ǫ˞㔷ѵǙ Ҳ㔷 㔷 ѵ൭൭ǫ

㔷⸸⸸ѵˢ

˞㔷 ൭㤳⸸‸˒⸸

ǣǙ ⸸

㔷⸸Ҳ㔷ѵ 㔷 ѵˢ

龸䗠 ൭㤳⸸ 㐵 i㠮n ีༀ

㐵㠮㤰

ี ⸸‸˒⸸ ‸ѵѵ⸸ː ѵǫ ⸸  ˞㔷 ൭㤳⸸⸸ ǫ ⸸ ˤ ⸸ ‸⸸ѵѵ Ҳ㔷ѵ ˤҲ ǫ㔷ѵ 䳌ༀ ⸸

൓⸸ǫˢ൭

‸⸸൓ༀ 㔷 ( a

ːǫ ː ǫˢ൭

⸸‸⸸ ˞㔷

ǫѵ

⸸ Ҳ ѵѵѵ㔷

⸸㔷⸸ 㔷ǫ ⸸Ǚ

ǣѵѵѵǙ‸⸸⸸Ǚ ⸸⸸⸸

ǀn an(㐵 aǀn 㐵 i㠮n ีༀ ǫ

Ǚ⸸ѵѵ⸸ ǣ ˤ ‸ ⸸ ǣ‸˒⸸

Ǚ ǫ 㔷 Ǚ ǫ㔷 ǫี ⸸⸸ ‸ 㔷 ⸸˞ༀ㔷⸸ ⸸⸸ ⸸

ѵѵ㔷ˑ

㔷

Ǚ ǫ ː ⸸

Ǚ ː ː⸸ ːˤ Ǚ

ani㠮 ana ː⸸

 ⸸ǫѵˤ Ҳ㔷ѵ

 Ǚ

ǣ Ǚѵˤ

 ˤ⸸ Ҳǣ ‸⸸ˤ ⸸˞㔷‸

⸸Ҳ˒Ǚ

龸䗠 ѵѵ ѵีǨ ˤ ǣ 㔷 㔷 Ǚ Ҳ ‸㔷 ⸸

䖃൭‫ت‬䖃 n

ani㠮 ana ี ‸ ˒ Ҳีༀː ‸ ⸸ѵ ǫ ː ː ⸸ˤѵ ี

龸䗠 ˤ Ǚ

⸸⸸⸸Ǚ⸸ 㔷 ǫ

‸Ǚѵ ǫˑ ⸸ ˤ‸˒⸸ ѵ 㔷ǫ㔷

൓⸸ ‸Ҳ

ː⸸ ǫༀǙ 㔷ѵ

⸸ѵҲ ː ‸㔷൓ѵ㔷ѵ Ǚ˞ༀ㔷‸˒⸸ˤༀ⸸Ҳ Ǚ

ˤ⸸ Ǚ˞ༀ㔷 Ǚ˞ༀ㔷 ˤҲ

˞㔷 㔷⸸ีༀ ѵ˒⸸⸸ ⸸ѵ൭⸸ ⸸

㔷 ː  ˒⸸⸸ 㔷 Ҳˤ

ˤ⸸⸸ี ‸Ҳǣีༀ ൭㤳⸸ː⸸ีༀǫี ˒Ǚ ‸˒⸸ 㔷ѵ൭ Ҳˤ⸸ༀ⸸ 㔷

⸸ː⸸ีༀ ѵѵ㔷

‸˒⸸⸸ѵǫ ː ѵǙ ‸ ൓⸸ѵ൭ː ⸸ˤѵ ѵѵ

ǫ ǣѵǙ㔷

⸸ ˞㔷

ˤ⸸㔷ี⸸⸸Ҳ˒Ǚː˞㔷 ⸸ː ѵǫีༀѵѵ Ǚี

ˤ⸸ีༀ ˞㔷‸˒⸸ѵѵีༀ ǀ ǀ

ː⸸㔷

⸸

㔷㔷⸸ ൓

൓ༀǙี⸸ː ѵǫː㔷⸸

 Ǚ

⸸

⸸⸸

Ǚ ǫ⸸ ⸸Ҳ˒Ǚ ǫ⸸⸸ѵѵ⸸ǫ ː ‸Ҳ Ҳǣ㔷㔷⸸

ѵ൭㔷ี⸸ ⸸⸸Ҳ˒⸸ ǫ

‸

⸸ Ǚ

Ǚ˞㔷 ⸸ ‸˒⸸ ǫ ⸸ ǫ‸ѵ ˤ ǣ ː Ҳ

ˤ ѵˢѵ

Ǚ˞ༀ㔷‸˒⸸‸ѵ ˤ 㔷 ⸸˞ༀ㔷‸Ҳ

⸸

ѵ൭ ˤ

ǫ ǣ

ǫ ːǫ ⸸ ൭㤳⸸⸸Ҳѵ⸸ 㔷⸸ ǫ ൭Ҳีༀ ⸸Ǚ˞㔷 ⸸ǫ

㔷 Ǚ˞㔷 ‸Ǚ

‸˒⸸㔷㔷⸸ѵ൭ ‸ː⸸ ⸸ ‸˒⸸Ǚ˞㔷 ⸸ ⸸Ǚ ⸸ˤ 㔷

ˢ ⸸ ˤ ǫ

 Ҳ ѵǙ ˤ ǫ

‸ ˒ѵѵ‸Ҳ ൓⸸Ҳ ⸸⸸ǫ㔷

Ҳ⸸ ‸ˤǣ⸸ี ˞㔷ˤ Ǚี 㔷⸸

Ҳ ѵː˞㔷 ˤ㔷Ҳ˒Ǚ‸ѵ ˤҲǙ ⸸ Ҳǣǫ ː ːҲ˞ༀ㔷⸸ѵ‸ˤ ː

ีༀ‸˒⸸ ǣ⸸ǫǣ

˞ༀ㔷ˤ ː⸸ ˤ⸸ ‸ ѵǙ㔷 ⸸ ǫ⸸Ҳ

൓⸸ѵ൭ѵѵ⸸ี

⸸

Ǚ

ǣ ‸ ൭ǫี ⸸൭Ҳ

ี

ˤ‸

⸸ ⸸ ⸸ǫǫǙ ⸸ ีˤ ѵ

ѵ൭ ҲˤǙ⸸ ǣѵ⸸ǫ⸸

Ҳǣ⸸ː Ҳ‸ǙѵีༀǙีˤ

ี ⸸ ѵ ˢ ⸸ ⸸Ǚ ǣѵǙ 㔷



˞ༀ㔷 ‸൭Ҳ

ǣːҲ

ѵ൓‸

˞ༀ㔷 㔷

⸸ǣ ǫѵ൓ ⸸

Ǚѵ൓

ѵ ˢ

ǣ 㔷 ൭Ҳ㔷

ˤ㔷

ี ⸸ ѵ⸸

⸸Ҳ ѵ൭

⸸ ǫ‸⸸ี



ˢ⸸ѵ൓ Ǚ⸸⸸ ǣ

 ˞⸸ˤ

ǫ ǣѵǙǙี⸸ː Ҳ ˤ⸸⸸ ːˤ Ǚ

˞ༀ㔷‸⸸ี㔷ี⸸ːǫ

‸ ‸⸸ี㔷ี⸸ 㔷

ˤ ‸⸸˞㔷⸸ː ѵ൭㔷 ˢ ⸸ ˤ ี

⸸Ҳ˒Ǚ 㔷ǫ

ˤ ‸ѵ⸸Ҳ ൓⸸Ǚ 㔷ี⸸ ˤ Ǚ⸸⸸ѵ൭ѵǙѵѵѵ⸸Ҳ  ѵǙ

Ǚ ѵ⸸Ҳ ˤ 㔷 ี ⸸ ѵ ǫ˞ༀ㔷

⸸ǫǣༀǙ⸸‸Ǚѵ ǫ Ҳǣ‸Ǚѵ㔷 Ҳ ⸸Ҳ㔷

⸸ ѵǙ㔷

㔷 ⸸ ‸Ǚ˞㔷⸸൭Ҳ ‸

ѵѵ 㔷‸Ǚѵ⸸Ҳ ⸸‸˒⸸

ˤҲ ีༀ‸⸸ีѵǙѵѵ ี

Ҳˤ

⸸ˤ

ѵ൭ѵ‸⸸㔷ี⸸ Ҳˤ ǫˢ ൓⸸ ˤ㔷ี⸸ี

Ҳˤ

ีༀ ѵ ѵ 㔷ː⸸ː ǫ ː ีༀ ⸸ ⸸Ǚ ⸸ˤ

⸸ˤѵ⸸ѵ⸸⸸ ‸㔷൓ѵ㔷ѵ ⸸⸸ѵǙѵ‸ˤ ൓ีༀ ˒ѵ⸸ 㔷ː 㔷

ѵ൭ѵѵѵǙѵ⸸Ҳ⸸⸸⸸

൭ˤѵ⸸ ༀ⸸㔷⸸

‸ˤǣ⸸ǫี ѵ൓൭Ҳ

㔷൭Ҳ ǫˢ ൓⸸ѵǙ൭Ҳ㔷ѵ㤶 ⸸ѵ⸸ ˤ Ǚ⸸ ൓ ˢ⸸ѵ൓

ѵ㔷㔷⸸ѵ൭

ˤ ːˤ Ǚ ൓⸸⸸ 㔷⸸Ҳ

ːǫ⸸ีѵǙѵѵѵ൭ѵ⸸Ҳ ‸Ǚ˞㔷⸸⸸㔷⸸ Ҳˤ ǫีༀ ː Ǚี ǫༀǙ ѵ 㔷 Ǚ⸸ˤ ี ⸸ ѵ Ǚ˞ༀ㔷

ѵ

Ҳǣ⸸ː Ҳ‸⸸ี ‸ Ǚีༀ

⸸ǫǣༀ൭Ҳ ǫˢ ൓⸸ ˤˤ ‸ ˒ѵ

⸸ ⸸ ǫ

‸⸸ีѵ൭ ‸ѵ⸸Ҳีༀ ˒ѵ  ีༀ ǫี ˤ ǫǙ⸸ 㔷ː ѵѵ

ǣ  ⸸ ˒ ǫѵ൓ 㔷൭Ҳ 㔷 ˢ Ҳ㔷ѵ Ǚ˞ༀ㔷 ǫༀǙ⸸ˤ ⸸

ѵѵѵี ൓⸸ ⸸

㔷 ี ⸸ ѵ

㔷⸸ีༀ൭Ҳ ‸ ǫˢ ˤˤ  ‸ѵѵ Ǚ⸸ ǣ

ǫ ‸ ‸⸸㤶

‸

‸˒⸸ ‸

ี

‸Ǚѵ

⸸ี ⸸ˤ ǣǫˢ ˤ⸸ѵ൭ǫ

㔷 㔷 ⸸

⸸

VCP Volatility Contraction Pattern ↣㤲㐹 e ↣䙥䙥 ྱǏ 㤲 n 䙥 ˒ѵ ǫༀǙ ⸸ 㔷

龸䗠 Ǚ⸸ ǣǙ

⸸⸸ ǫ 禀 㐵㤰iǀ(

‸ǫ˞㔷⸸ ǫ

ː ѵǙ 㔷 ǫ ǣ 㔷⸸ีༀː⸸ː ǫ ː ‸ǫ˞㔷 Ǚีǫ

㔷

ѵ൓ 㤶

Ǚ ǫ ˞㔷ѵˤ

Ǚ˞㔷 ൓ༀ

⸸ѵǙѵѵǫ ⸸ี

㔷ǣѵǫ

˞ༀ㔷 ‸ǫ ː ǣ ⸸ѵีѵˤ

⸸ǫǣѵ ː

൓⸸⸸⸸ ǣ

ǫ ǣ ˤ ⸸⸸

ːҲ㔷 ⸸ Ҳ ѵ㔷㔷⸸Ǚ ‸Ǚ ⸸ีༀ ˒ѵ

Ǚ˞ༀ㔷ǫ ː ˤༀ ൓ ˒ѵ‸⸸൓ༀ ีༀ ൓ ൭香 ‸ǫ˞㔷 Ҳ ѵѵǙѵี ‸ǫ˞㔷Ǚี ǫ

˞㔷‸˒⸸ѵǙ ‸

‸ѵ

ˤҲ˞㔷 ีༀѵǙ

㔷 ‸Ҳ ⸸⸸ ⸸⸸ː ѵǫ ˢ ีༀ ˤ ‸ ˒ Ҳ ѵี ˤ⸸

⸸ǫ ː Ҳ ǫ⸸ ⸸Ҳˤ ː⸸ː ǫ ː ⸸ ǣ

Ǚ˞㔷

ː ⸸ː ѵǫ

㔷⸸⸸⸸ ‸Ҳǣ⸸ ǣ 㔷

Ǚ ǫˤǙˤ

⸸ѵѵ⸸ѵˤ

⸸ ǫ

‸‸Ҳ˒ѵ⸸ǫ㔷

⸸㔷⸸⸸ѵ 䳌⸸ѵǙ

⸸ˤǫ   㔷 ː

ˤ Ǚ˞ༀ㔷ǫ ː ‸˒Ҳ˒ѵ ⸸ˤǫ ⸸൓ ‸Ǚ˞㔷⸸‸ ˒ѵ⸸ༀ ีༀ ⸸ˤǫ ѵѵ㔷

ˤ

㔷㔷⸸

Ҳˤ ǫ

⸸ː Ҳีༀ ǫ ǣ‸Ҳ˒ѵ

⸸ѵีༀ a

⸸ѵҲǙ 㔷ี⸸ ⸸ѵǙ

㔷Ǚ ǫ ː 㔷

ǀ ǀ

Ǚ

ีༀ ˤ 㔷 ѵˤ  ⸸ ˒

‸Ҳ 㔷 ǣѵǙǙี ǫ ː

⸸⸸⸸ѵǙ⸸ีༀ㔷൓ѵ ⸸ ǣǙีѵǙ ‸

ˤ㔷ѵˤ

 Ҳ ‸ː⸸ีༀ ː

ǣ⸸ༀ㔷 ˢ ⸸

⸸⸸ ǀffi㠮  㔷⸸Ҳ

ǣˤༀ 㔷ѵ൭㔷ี⸸ 㔷 㔷 㔷

൓⸸ѵ൭ ˞⸸

Ǚ˞ༀ㔷Ǚี ǫ

Ǚ ǫ Ҳѵ൭ǣҲ˒ ⸸ˤǫ Ҳѵ൭ѵѵ ⸸ีༀ ൭㤳⸸⸸ ǫ ˞⸸ ⸸ˤ ⸸ ǫ

Ҳˤ ǫˢ ˤˤ ѵ⸸

⸸ี ǣː

ีༀ ‸Ҳ˞㔷 㔷⸸ǫ ː ː

ѵ ⸸ǣ⸸ː ‸ ˞㔷ː˞⸸ ˤ⸸‸⸸൓ༀ⸸㔷⸸ Ҳˤː㔷 ⸸

aྱ i㠮 aྱ

ˤ⸸

˞ༀ㔷⸸ ǫ⸸ ีˤ Ǚ⸸ѵ൭ 㔷 ⸸

How to Trade Shakeouts 禀 anྱ 㠮㐵

൭㤳⸸ ˤีༀː ‸ ǫѵ ѵ㔷ǫ ี 㔷⸸

ːˤ ǙǙༀ⸸ ѵ൭ Ҳ ⸸Ǚี 㔷 ˞㔷‸˒⸸

ѵǫ⸸

㔷

൓ ⸸

ѵ˒⸸ѵ൭ ⸸ ี

Ǚ ˒ѵ⸸ี ˞㔷 ൭㤳⸸ ‸ˤǣีༀѵี 㔷 ‸Ҳ

ˤ ǫѵ ⸸⸸ ǫ

⸸ǫˢ൭ ˤ㔷 Ҳีༀ

 ‸Ҳ Ǚ Ǚ⸸ Ǚ Ǚǫѵ ѵ㔷ǫ 

Ꜹ ˤ⸸

Ꜹ

ː ‸ǫ ⸸ ˒ѵ

ǫ ː ‸Ҳ˒ѵ

൓⸸ѵ൭൭ѵ ‸⸸˞㔷 ⸸ ˒ѵีༀǫ ː ‸Ҳ˒ѵ ‸Ǚѵ

˞ༀ㔷

ˤ⸸ ˒ѵ 㤶

ˤ ǫѵ

㔷 

ː⸸ ː

⸸ༀ⸸ː ‸ ǫѵ ѵ㔷ǫ ‸Ҳ

⸸ Ǚ˞ༀ㔷 ǫ ː ⸸ѵ ൭㤳⸸ ⸸⸸ ǫ ˞㔷

. .

㔷 ‸Ҳ ⸸⸸ ˞㔷

Ǚ˞ༀ㔷ǫ ː Ҳѵ൭‸Ҳ˒ѵ ˒ѵ ːༀ ѵ

ѵ˒⸸⸸⸸‸Ǚѵ

˒ѵ

⸸Ҳ ൭㤳⸸

Ǚ Ǚ㔷ǫ ǫˢ൭

⸸ีː˞㔷⸸ ǫǫ㔷 ‸ ⸸ѵ⸸ ǫ

ːǫีༀ 㔷 ː ‸ǫ ː Ҳ ːༀ ⸸ˤ Ҳˤ ǫ⸸ Ǚ˞ༀ㔷 ˢ ൭㤳⸸ 㔷⸸

Ҳǣ

 㔷Ǚ

൓⸸ 㔷 ⸸˞ༀ㔷

ː ː

‸˒⸸㔷㔷⸸⸸⸸

ǀ ǀ

൭㤳⸸㔷ี⸸ːǫีༀ ǫ ‸⸸ˤ ‸˒⸸ ˤ⸸ี ൭㤳⸸

⸸˒

⸸ː

Ꜹ ҲǙ Ҳˤˤ⸸ 㔷Ǚ ⸸ ѵ

Ꜹ ǫѵ ѵ㔷ǫ ˤ⸸ ‸

൭㤳⸸ ‸ˤǣ ˞㔷 㔷 ǫǫѵ

ˤ㔷

ǣ ˞㔷‸˒⸸ีༀǫ ː ҲǙ ѵ⸸Ҳ ⸸

ˤ⸸ ‸

Ǚ ⸸ ‸˒⸸ีༀ㔷㔷⸸ Ҳ ѵ ⸸ǫ ː

⸸ ǫ ( 㐵 㤰 ѵ ˢ⸸

‸˒⸸㔷㔷⸸Ǚ ⸸ ⸸‸Ǚѵ

Shakeout Plus ǀ

(na . 㐵㠮㤰i

9 9.㐵

i aྱin

ǀྱ 㐵㠮

a i Ꜹ

Ꜹ

x

i i a i㠮 ǀ㠮i ː⸸ ൭㤳⸸ ˒ѵ

a . ǀ

㐵 i㠮n ⸸ี 禀 㐵㤰iǀ(

˞㔷ีༀѵѵǫ ː ѵี⸸ˤ ː Ҳีༀ

ː ǫ ǀ( i ǀ ǀ

ǫ ǣ ǫѵ ѵ㔷ǫ ˒⸸ː⸸⸸‸ˤˤ ǣѵѵ ൭ǫี

⸸

˒⸸⸸ ǫ ˞㔷 ⸸ǫˢ൭ ˤ㔷

 ⸸ǫ

ː

ǀ( i ǀ ǀ

ѵ

˒ѵ ‸⸸˞㔷 Ҳˤ ǫ⸸ ǫ㔷Ǚ⸸ ˤ㔷Ҳ˒ǙǙ ⸸⸸ˤ ː Ҳีༀ ˤ

Ǚ‸Ҳ⸸

ˤ

ː˞㔷

⸸‸ǫ˞㔷ː⸸ː˒Ǚǫ ː

ѵ 㔷 ѵีǙ ⸸ѵ ːˤ Ǚ 㔷⸸ ǫ ˞㔷 ‸˒⸸

˒ѵ ˞㔷ː˞㔷 㔷⸸ีༀǫ ː

൓⸸ѵ൭ѵѵ

ༀǙ ⸸ ༀѵี 㔷⸸ ǫ

Ҳѵ Ǚ 㔷㔷⸸ ѵ ⸸ ǫ

⸸⸸⸸⸸ ǣ ൭㤳⸸ ˤ ǣ Ǚ‸˒⸸ǫ ː

ˢ⸸

㔷

⸸‸ǫ˞㔷ː⸸ː˒Ǚǫ ː ⸸Ҳ˒Ǚ ѵี ˤ⸸⸸ ː ѵˤˤ ⸸ีༀ ൭㤳⸸ ˒ѵ ⸸㔷

⸸㔷⸸ Ҳǣ

˞㔷ีༀѵѵ ൭ǫี

Ҳˤːˤ Ǚ ีༀ  ǣ ˢ⸸൭ǫ

ༀǙ Ǚ˞ༀ㔷Ǚีˤ㔷Ҳ˒ǙǙ ⸸ ൓⸸

Ǚ ѵ ‸ ˞㔷ѵˤ ⸸

ǫ ǣǙีːˤ Ǚ 㔷⸸ ǫ ˞㔷 ǫ

䗠a ǀ 䗠ǀan ⸸ 龸䗠

龸䗠 Ǚ⸸ Ǚ ⸸ˑ ⸸⸸㔷

ѵǫ

൭㤳⸸ ˤีༀǫ ː ‸˒⸸ ⸸ˤ ˤ ⸸ ˤ⸸ ൓⸸Ҳ ༀ⸸ ⸸ ː Ҳѵ൭ ǫ˞ༀ㔷

㔷 ༀ

ː Ǚ⸸ ǣǙี ˤ‸⸸൓ༀีༀ ⸸ѵ 䗠a ǀ 䗠ǀan ː˞㔷  ี ⸸ ː ˤ㔷Ҳ˒Ǚ ‸

ѵ ൓

ǫ 

‸

ѵ൭ Ҳˤ ⸸˞ༀ㔷

ี Ҳ ˤ㔷ǫ Ǚ㔷ǫ 㔷ˑ

⸸‸˒⸸ีༀ 㔷 Ǚ

䗠a ǀ

⸸ ⸸ˤ

൓⸸ 㔷 ⸸ǫǣ ǣ ˤҲ 㔷⸸ ⸸

⸸ีༀ

Ǚ⸸Ǚี⸸㔷

ǀan ˤ ‸Ǚ˞㔷⸸ ⸸ˤ

˒ѵ ‸˒⸸ ːҲ˞ༀ㔷⸸ ˤѵѵѵˤǙ ⸸⸸ีีༀ‸˒⸸ ‸˒⸸ 㠮i㐵㤰ǀ(



Ҳˤ ⸸ีༀ

 ⸸ǫ⸸㔷 ีༀ

Ǚѵ ⸸⸸ีѵ൭ѵѵ  ⸸ǫ⸸㔷

˒ѵ⸸ีѵ൭ѵѵ Ǚ⸸⸸Ǚี 㔷⸸

ˢีༀ ǣˤༀ

ǫ ǣ ǫ ˤ ⸸ีǙี ǫ

⸸㔷 ѵ⸸⸸ ːǙี ǫ ˞㔷

Ǚ

ี  Ҳ⸸⸸㔷 ⸸ː ‸‸˒⸸

ˢ ൓⸸ѵѵ

ˤ⸸ 䗠ǀ 㤰i 䗠a ǀ

( 䗠ǀan 䗠䗠 䗠 ː˞㔷 ǫ ː

ǫ㔷Ǚ⸸ ˤ㔷Ҳ˒Ǚ ˢ⸸ˤ ˤ⸸ีༀ

⸸Ǚ

ˤีༀѵีѵ ൓⸸

⸸⸸ ǫ ⸸ ˤ

 ⸸ ˒ѵี Ҳีༀ Ǚ ⸸

㔷ี⸸㔷

ǣ

ˤ ˤ⸸⸸㔷⸸ีༀ ǣ ⸸ѵ 䗠䗠 䗠 ˤ㔷Ҳ˒Ǚ ǣ⸸㔷 ⸸ˤ ː

ǫี ⸸ˤ 

‸ ѵ ˞⸸ Ҳ ี ѵี ˤ Ҳǣ ǫ ː ⸸ ǣ ː

 䗠䗠 䗠 ⸸⸸ ൭㤳⸸ ˒ѵีༀǫ ː 㔷

⸸ ː˞㔷Ǚ⸸ a⸸ ‸Ǚ

⸸⸸ ǫ 㔷ีༀ ⸸ѵ

‸˒⸸㔷㔷⸸Ǚ

ǣ ѵǙѵѵ 㠮i㐵㤰ǀ(

⸸⸸ ǫ

ː ⸸ː ѵǫ 㔷ǫ

൓⸸ѵ൭ː ⸸ˤѵ ⸸ѵѵ ีༀ 㔷

Ǚ˞㔷

ǣ൭Ҳ㔷

⸸ ‸⸸˞ༀ㔷 ‸ǫ˞㔷‸Ǚѵ‸˒⸸ ⸸Ǚ˞㔷⸸㔷⸸ ⸸⸸㔷⸸ Ǚ Ǚี‸˒⸸⸸㔷

‸

ǫ ː ⸸Ҳ⸸ѵ ѵี ˤˤ㔷Ҳ˒Ǚ⸸ѵǙ 㔷ǣ

ѵ⸸⸸ ༀีༀ

Ǚ˞㔷

ѵѵː˞㔷ǫ ː

⸸㔷 ⸸ ีːˤ Ǚˤ Ǚ ‸Ǚѵ ǣ  Ҳˤ ‸˒⸸⸸ ⸸ѵǙǙี ːǫ㔷 ൓⸸

㤶

൭ǫี ѵ⸸

⸸

‸ Ҳˤ ൓ѵѵ ˤҲ

ˤ⸸㔷 Ǚ ⸸ ѵ൭㔷 ˢ ⸸ Ǚ˞㔷

ༀǙǫ ː

ːҲ㔷 ǣѵѵ⸸㔷 Ҳ Ҳ ⸸‸˒⸸ѵѵ

˞ༀ㔷 ‸Ǚีː⸸

ˤ㔷Ҳ˒Ǚ⸸㔷

ˤ 㔷 ี ⸸ ѵ

ːѵ‸⸸ ൓ ǣ

ˢ ǫ

ༀ⸸ˤ

⸸˞㔷 ‸Ǚѵ Ҳˤ 㔷 ˢ⸸ ‸˒⸸ ‸

˞ༀ㔷 ǣѵѵ‸˒⸸Ǚ ⸸

൓⸸

⸸ ⸸Ǚ ⸸൭Ҳ ː˞㔷 ൭㤳⸸ ˤีༀ൭Ҳ ‸Ǚѵ㔷 Ҳ ǫี Ǚ

Ǚˤ㔷Ҳ˒Ǚ⸸⸸㔷

㔷

⸸ Ҳˤ ‸Ǚѵ ǫ

Ǚ⸸ 㔷㔷 ˢ ⸸ǫǣѵ Ǚ ⸸㔷 ˢ

‸ǫ˞㔷

ѵǙǙี 㤶

ːҲ㔷

ː⸸㔷 ːǫ ‸ ǫˤǙ ⸸

ːༀ ⸸ˤ ː Ҳีༀ ˤ⸸ ‸˒⸸ Ҳ⸸

⸸ ǫ ǣ ǫ

⸸ีༀː˞㔷

Ꜹ ˤ⸸ ˤ൭ǫ

⸸ːǫ ˒ѵ

 ˤˤ㔷Ҳ˒Ǚ ǣ‸ѵҲ

ีༀѵีǙ ⸸

‸˒⸸⸸⸸㔷 ҲǙ ⸸

⸸ː㔷

ҲǣǙีˤ㔷Ҳ˒Ǚ ːༀ ‸‸

ѵ൭ ‸Ǚ˞㔷⸸

ǫ ǣ‸˒⸸⸸ː Ҳ ǫี Ǚ ˤ ːҲ˞ༀ㔷⸸ѵ‸ˤ ː ǫ ˞㔷

⸸ː ‸ǫ ː ൭ǫ

൓⸸ѵѵ

㐵㠮㤰

ani㠮 ana 㔷⸸ˤ

ǀan

‸ѵѵ⸸㔷⸸ ѵˢǫˢ൭൭ǫǣ⸸㔷

ǫ

⸸

൓⸸⸸ี

㔷⸸ีༀˤ㔷Ҳ˒Ǚ ‸

˒ѵ ˞㔷ีༀѵีː˞㔷 㔷⸸ีༀǙ⸸ǣҲ˒ ː㔷 fǀ ǀ ǫ ː

⸸ 㔷

(

⸸ ⸸ˤ ǫ ǣ

⸸ 㔷 䗠a ǀ ѵ൭⸸㔷⸸ีༀǙ⸸ ǣѵีѵ

ǣː ‸ ี ˤҲ ǫ㔷 ‸ ⸸‸˒⸸ѵǙ 㔷Ǚˤༀ

龸䗠

ǀ 㐵 a a

龸ǀn 㠮㐵 aǀn 䗠㐵 i㠮n

Ҳǣǫˢ൭

ีༀːҲ

⸸⸸

ǀ anྱi㠮 㐵n 禀 (iizi Ҳǣ 䘛

䘛㐵㠮㠮ǀ

㐵nྱi

⸸ 䘛

䘛㐵㠮㠮ǀ

㐵nྱi

⸸ˤːѵ 㔷 ǀ anྱi㠮 㐵n 禀 (iizi ⸸ีༀ⸸ ൭㤳⸸ѵ൭

Ǚ ˢ ǫ

㔷ǫ ː ҲѵҲ ǫ˞ༀ㔷

ˤҲѵ൭ ⸸⸸ˤ

ѵ⸸⸸⸸ǫ㔷

Ǚี⸸ ǫ 㠮i㐵㤰ǀ( ⸸ༀ⸸ 㔷 ǣ ˤ ‸ ǫ ‸⸸㤶 ǀ 㤰 㠮㐵 iྱai 挠

㐵㠮 . ǀ

Ǚีˤ㔷Ҳ˒Ǚ ⸸ ǫ ี

㔷

⸸ ǣ ี

龸䗠 ː˞㔷⸸ ǫ ⸸ ˤ⸸ ǣǫǣ ѵ ⸸ː˞㔷

ༀǙѵˤ ⸸ ǣ Ǚ ˢǫ

ˤ 㔷ǫ ː ѵѵѵี⸸ˤ ⸸ ǫѵˢ⸸ǫ ǀǀ

ǀ㤰(.

ǀ anྱi㠮_ 㐵n _

(ii

a

㐵㠮 _

ี ˤ ǀǀ 挠

㠮㐵 anྱ_

䘛

⸸ 䘛 ⸸‸⸸ ˞㔷

ː⸸ีༀː⸸ 㐵

㐵 i㠮n

㠮㐵 anྱ

a

ѵ ǫ⸸ีː˞㔷 ǀn 龸㠮㐵

禀 ǀ㠮

i㠮

i

䗠㠮a i 䗠㐵 i㠮n

ྱ inanྱ

㐵nྱi 㠮i㐵㤰ǀ( 䘛

ǫ ː Ǚี  ี ⸸ ˤ ː

˒ѵ ⸸ǫ㔷

ˤ⸸

䘛

ǫ ː Ǚี  ี ⸸ ˤ ː

˒ѵ ⸸ǫ㔷

ˤ⸸

Ǚ ⸸ ː ‸ǫ

㐵 㠮㐵 i

‸Ҳ⸸⸸ ǫ ѵี ˤ⸸⸸⸸ ⸸ ǫ ี ‸ǫ˞㔷 ǀ 㐵 a a

ˤ 㔷 ǀ anྱi㠮 㐵n 禀 (iizi

ǀn 㠮㐵 aǀn ː˞㔷‸Ҳ ⸸ีༀǫ ː

Ҳˤ Ǚ⸸ ǣǫǣ ѵ Ҳ˞㔷⸸ 

⸸ ˤ⸸⸸㔷

⸸ ˤ ː

˒ѵ

ˤˑี⸸ ǫ Ҳ⸸ 䘛 ‸

⸸ ⸸

ѵǙː㔷

⸸ 䘛

 ี ⸸ ⸸ǫ㔷

ˤ⸸ ‸ǫ˞㔷

ˤ⸸  ⸸⸸ ː ⸸ˤ⸸ˤ⸸⸸㔷⸸ ‸⸸˞㔷

Ǚ⸸  ี ⸸ 㔷Ǚี⸸ ǫ ˤ ⸸⸸ǫ㔷

‸ ˒ѵ 㔷ǫ ː

ː

⸸˞㔷⸸㔷 Ǚีѵ

⸸⸸ี ǣ

 㔷⸸ ൓⸸ ǫ

˞ༀ㔷 Ҳ˞㔷⸸ 

ˤˑี⸸ ǫ Ҳ⸸⸸ ‸ ˞㔷‸ǫ˞㔷

Ǚ˞ༀ㔷 ǫ ː

ѵǙ

ǫːѵ

 ี ⸸ีༀ

‸ǫ˞㔷

ีༀ

ˢ ǫ ൓⸸⸸ ˞㔷 Ҳ⸸ 㔷ǫ ˒ѵ ǫ㤶

ǀ ǀ ˤ

ː˞㔷൭Ҳ ˤ 㔷ѵǙː㔷

⸸ี Ҳ ѵǙ 㔷㔷ˑ Ҳ Ǚี ˤ㔷

ༀǙ

ѵ ีༀ㔷 ˢ ǫ

Ǚ  ˤༀ 㔷  ี ⸸

˞ༀ㔷 ˞㔷 ˢ ǫ⸸ี⸸⸸

ǫ ǣǙีːː

ːǫ ⸸ ⸸㔷 ⸸

ༀǙ

Ǚ Ҳ㔷ѵˤ ː ѵǙ 㔷⸸

ǙҲː ‸ǫ˞㔷ː⸸ྱǀǀྱ i

ༀǙ Ǚѵѵ

Ǚ ⸸Ǚ

ǀ 㤰

㐵㠮 . ǀ

ǀǀ

iྱai n㐵㠮㠮ǀ _㠮㐵nྱi_ 㐵 _n㠮

ǀ㤰(.

a

㐵㠮 _

ǀǀ 㠮㐵 anྱ_ 㠮㐵