‫‪2013‬‬

‫‪Price Actio‬‬

‫‪om‬‬
‫ﺍﻟﺴﻠﻮﻙ ﺍﻟﺴﻌﺮﻯ‬
‫ﺍﻟﺴﻠ ﻮ ﻙ ﺍﻟﺴﻌﺮﻯ ﻫ ﻮ ﻟﻐﻪ ﺍﻟﺴ ﻮ ﻕ ﻓﻬﻰ ﻁﺮﻳﻘﻪ ﺗﺴﺘ ﻄﻴﻊ ﺍ ﻥ ﺗﻌﺮ ﻑ ﻭﺗﻔﻬﻢ ﻣﺎ‬
‫ﻳﺤﺪ ﺙ ﻓﻠﻜﻞ ﺣﺮﻛﻪ ﻣﻌﻨﻰ ﻓﺎﻟﺴ ﻮ ﻕ ﻣﺎ ﻫ ﻮ ﺍﻻ ﻗ ﺼﻪ ﻟﻴ ﺲ ﻟﻬﺎ ﺑﺪﺍﻳﻪ ﻭﻻ ﻳ ﻮﺟﺪ‬

‫‪.c‬‬
‫ﻟﻬﺎ ﻧﻬﺎﻳﻪ‬

‫‪r‬‬ ‫‪ow‬‬
‫‪or‬‬
‫‪-‬‬ ‫‪m‬‬
‫‪ex‬‬
‫‪or‬‬
‫‪.f‬‬
‫‪w‬‬
‫‪w‬‬
‫‪w‬‬

‫‪Firex-Mirriw‬‬
‫‪www.firex-mirriw.cim‬‬
‫‪10/04/2013‬‬
 ‫ﺍﻟﻤﻘﺪﻣﻪ‪:‬‬
‫‪-------------------------‬‬
‫ﺍﻟﺴﻠ ﻮ ﻙ ﺍﻟﺴﻌﺮﻯ ﻫ ﻮ ﻟﻐﻪ ﺍﻟﺴ ﻮ ﻕ ﻓﻬﻰ ﻁﺮﻳﻘﻪ ﺗﺴﺘ ﻄﻴﻊ ﺍ ﻥ ﺗﻌﺮ ﻑ ﻭﺗﻔﻬﻢ ﻣﺎ ﻳﺤﺪ ﺙ‬
‫ﻓﻠﻜﻞ ﺣﺮﻛﻪ ﻣﻌﻨﻰ ﻓﺎﻟﺴ ﻮ ﻕ ﻣﺎ ﻫ ﻮ ﺍ ﻻ ﻗ ﺼﻪ ﻟﻴ ﺲ ﻟﻬﺎ ﺑﺪﺍﻳ ﻪ ﻭﻻ ﻳ ﻮﺟﺪ ﻟﻬﺎ ﻧﻬﺎﻳﻪ‬
‫ﻓﻰ ﻫﺬﺍ ﺍﻟ ﻜﺘﻴﺐ ﺍﻟﻤﺘ ﻮﺍ ﺿﻊ ﺳﻴﺘﻢ ﺷﺮﺡ ﻛﻞ ﺍﻻﺩ ﻭﺍ ﺕ ﺍﻟﻼ ﺯﻣﻪ ﻟﻘﺮﺍءﻩ ﻫﺬﺍ ﺍﻟﺴﻠ ﻮ ﻙ ﺍﻟﺴﻌﺮﻯ‬

‫‪om‬‬
‫ﺣﻴﺚ ﻧﻔﻬﻢ ﻛﻴ ﻒ ﻳﺘﺤﺮ ﻙ ﻫﺬﺍ ﺍﻟﺴ ﻮ ﻕ ﻭﻛﻴ ﻒ ﻳﻌ ﻄﻰ ﻟﻨﺎ ﻣﻦ ﺷﻤﻌﻪ ﺍﻟﻰ ﺍﺧﺮﻩ ﻗ ﺼﻪ ﻳﺘﻠ ﻮ ﻫﺎ‬
‫ﻭﻣﻌﺎﻧﻰ ﻳﺘﺮﺟﻤﻬﺎ ﻓﻰ ﺣﺮﻛﻪ ﺍ ﺳﻌﺎﺭ ﻭﻧﻤﺎﺫﺝ ﺗﺪ ﻭﺭ ﻓﻰ ﺩﻭﺭﺍ ﺕ ﻓﻔﻰ ﻫﺬﺍ ﺍﻟﻜﺘﻴﺐ‬
‫ﺣﻴﺚ ﻧﺘﺤﺪ ﺙ ﻋﻦ ﺍ ﺳﺮﺍﺭ ﺍﻻ ﺳ ﻮﺍ ﻕ ﺍﻟﻤﺎﻟﻴﻪ ﻓﻬ ﻮ ﺍﻟﻤﻜﺎ ﻥ ﺍﻟﺬﻯ ﺳﻴﺘﺤ ﻮ ﻝ ﻓﻴﻪ ﺍﻟﻤﺘﺪﺍ ﻭ ﻝ ﺍﻟﻬﺎ ﻭﻯ ﺍﻟﻰ‬

‫‪.c‬‬
‫ﻣﺤﺘﺮ ﻑ ﺑﻜﻞ ﻣﺎ ﺗﺤﻤﻠﻪ ﺍﻟﻜﻠﻤﻪ ﻣﻦ ﻣﻌﺎﻧﻰ ﻭﻣﻔﺎ ﻫﻴﻢ‬

‫‪w‬‬
‫ﻭﻛﻤﺎ ﻧﻌﻠﻢ ﺍ ﻥ ﻟﻼﺣﺘﺮﺍ ﻓﻴﻪ ﺩﺭﺟﺎ ﺕ ﻭﻣﺴﺘ ﻮﻳﺎ ﺕ ﻭ ﻫﺪ ﻓﻨﺎ ﻫﻨﺎ ﺍﻟ ﻮ ﺻ ﻮ ﻝ ﺍﻟﻰ ﺍ ﻗ ﺼﻰ ﺩﺭﺟﺎ ﺕ ﺍﻻﺣﺘﺮﺍ ﻓﻴﻪ‬
‫)) ﺍﻟﺘﺎﺭﻳﺦ ﻳﻌﻴﺪ ﻧﻔﺴﻪ (( ﻭ ))ﻻ ﺟﺪﻳﺪ ﺗﺤﺖ ﻧ ﻮﺭ ﺍﻟﺸﻤ ﺲ((‪ .....‬ﻭﻛﻤﺎ ﻗﺎ ﻝ ﻣﻠ ﻮ ﻙ ﺍﻟﺴ ﻮ ﻕ ﺍﻟﻘﺪﻣﺎء‬

‫‪ro‬‬
‫ﻭﻣﻦ ﻫﺬﺍ ﺍﻟﻤﻨ ﻄﻠ ﻖ ﺳﻨﻬﺘﻢ ﺑﺪﺭﺍ ﺱ ﻗ ﻮﺍﻋﺪ ﺍﻟﺴ ﻮ ﻕ ﻭﺍﻟﺘﻰ ﺑﺪ ﻭﺭ ﻫﺎ ﺗﺠﺴﺪ ﻫﺬﻩ ﺍﻟﻜﻨ ﻮﺯ ‪ ....‬ﻭﺍﻋﻠﻢ‬
‫ﺧﻠ ﻒ ﺍﻻ ﺳﺮﺍﺭ ﺍﻟﺘﻰ ﺳﻨﻜﺸﻔﻬﺎ ﺳﺮ ﺍﻋ ﻈﻢ ﻣﻨﻪ ﻭﻋﻨﺪ ﺍﻛﺸﺎ ﻓﻚ ﻟﻬﺬﺍ ﺍﻟﺴﺮ ﺳﻴﻘ ﻮﺩ ﻙ ﺍﻟﻰ ﺍﻟﺴﺮ‬
‫‪or‬‬
‫ﺍﻻﻋ ﻈﻢ‬

‫ﻭﺣ ﺼ ﻮﻟﻚ ﻋﻠﻰ ﺍﻟﺴﺮ ﺍﻻﻋ ﻈﻢ ﺍﻟﺨﻔﻰ ﺳﻴﻌﺘﻤﺪ ﻋﻠﻴﻚ ﺍﻧﺖ ﻋﻠﻰ ﻣﺘﺎﺑﻌﺘﻚ ﻭﻋﻠﻰ ﻓﻬﻤﻚ ﻭﺍ ﺳﺘﻴﻌﺎﺑﻚ‬
‫‪-m‬‬
‫ﻟﻤﺎ ﺳ ﻮ ﻑ ﻧﺴﺮﺩ ﻓﻰ ﻫﺬﺍ ﺍﻟﻜﺘﻴﺐ ﻭ ﺳﻨﻘﺪﻡ ﻟﻜﻢ ﺍﺛﺒﺎﺗﺎ ﺕ ﻫﺬﻩ ﺍﻻ ﺳﺮﺍﺭ‬

‫‪Ask, and it shall be given you; seek, and ye shall find‬‬

‫‪ex‬‬

‫‪knock, and it shall be opened unto you‬‬

‫‪or‬‬

‫‪For every one that asketh receiveth; and he that seeketh findeth; and to him that knocketh it shall be‬‬
‫‪opened‬‬
‫‪.f‬‬

‫‪----------------------------------------‬‬
‫‪w‬‬

‫ﺍﻋﺪﺍﺩ ﻭﺗﻘﺪﻳﻢ‬
‫‪w‬‬

‫‪Karim Adel Ayad‬‬ ‫‪Amr Ali ELsayed‬‬

‫‪w‬‬
w
w
w
.f
or
ex
-m
or
r ow
.c
om
 ‫ﺍﻟﻔﻬﺮ ﺱ‬

‫‪-----------------------‬‬
‫ﺍﻟﺒﺎ ﺏ ﺍﻻ ﻭ ﻝ‪ :‬ﻧ ﻈﺮﻳﻪ ﺍﻟﺘﺤﺮ ﻙ ﺍﻟﺴﻌﺮﻯ‬
‫‪((The Price Acton theoryyy‬‬

‫‪om‬‬
‫ﺍﻟﻔ ﺼﻞ ﺍﻻ ﻭ ﻝ‪ :‬ﻗﺮﺍءﻩ ﺍﻟﺤﺮﻛﻪ ﺍﻟﺴﻌﺮﻳﻪ‬
‫‪((Reading the price actonyy‬‬

‫‪.c‬‬
‫ﺍﻟﻔ ﺼﻞ ﺍﻟﺜﺎﻧﻰ‪ :‬ﺗﺤﻠﻴﻞ ﺍﻟﺴﻴ ﻮﻟﻪ‬
‫‪((Volume Analysisyy‬‬

‫‪ow‬‬
‫ﺍﻟﻔ ﺼﻞ ﺍﻟﺜﺎﻟﺚ‪:‬ﺗﺤﻠﻴﻞ ﺍﻟﺸﻤ ﻮﻉ‬
‫))‪((Candle Analysis‬‬

‫‪r‬‬
‫ﺍﻟﻔ ﺼﻞ ﺍﻟﺮﺍﺑﻊ‪ :‬ﺗﻨ ﻈﻴﻢ ﺑﻴﺎﻧﺎ ﺕ ﺍﻟﺴ ﻮ ﻕ‬
‫‪or‬‬
‫‪((Market profileyy‬‬
‫‪m‬‬

‫ﺍﻟﻔ ﺼﻞ ﺍﻟﺨﺎﻣ ﺲ‪ :‬ﺍﻻﺗﺰﺍ ﻥ ﺍﻟﺴﻌﺮﻯ‬

‫‪-‬‬

‫))‪((Ichimoku Kinko Hyo‬‬

‫‪ex‬‬

‫***********************‬
‫ﺍﻟﺒﺎ ﺏ ﺍﻟﺜﺎﻧﻰ‪ :‬ﻧ ﻈﺮﻳﻪ ﺍﻟﺒﻨﻴﻪ ﺍﻟﺴﻌﺮﻳﻪ‬
‫‪or‬‬

‫))‪((Market structure theory‬‬

‫ﺍﻟﻔ ﺼﻞ ﺍﻟﺨﺎﻣ ﺲ ‪ :‬ﻧ ﻈﺮﻳﻪ ﻣ ﻮﺟﺎ ﺕ ﺍﻟﻴ ﻮ ﺕ‬

‫‪.f‬‬

‫‪((E.Wave theoryyy‬‬
‫‪w‬‬

‫ﺍﻟﻔ ﺼﻞ ﺍﻟﺴﺎﺩ ﺱ ‪ :‬ﻧﺤﻠﻴﻞ ﺍﻟﻔﺎﻳﺒ ﻮﻧﺎﺗﺸﻰ ﻭﺍﻟﺘﺤﻠﻴﻞ ﺍﻟﺮ ﻗﻤﻰ‬

‫‪((Fibo Analysis& Numerical Analysisyy‬‬
‫‪w‬‬

‫ﺍﻟﻔ ﺼﻞ ﺍﻟﺴﺎﺑﻊ ‪ :‬ﻧ ﻈﺮﻳﻪ ﻣﻴﻞ ﺍﻟ ﻮ ﺳ ﻂ‬

‫‪w‬‬

‫‪((The Median Line theoryyy‬‬

‫*************************** *********‬
 ‫ﺍﻟﺒﺎ ﺏ ﺍﻻ ﻭ ﻝ‪ :‬ﻧ ﻈﺮ ﻳﻪ ﺍﻟﺘﺤﺮ ﻙ ﺍﻟﺴﻌﺮﻯ‬
‫‪---------------------------------------------------‬‬

‫‪om‬‬
‫‪.c‬‬
‫‪r‬‬ ‫‪ow‬‬
‫‪or‬‬
‫‪------------------------------------‬‬
‫‪m‬‬
‫* ﻫﻰ ﻋﺒﺎﺭﻩ ﻋﻦ ﺍﻟﺤﺮﻛﻪ ﺍﻟﻨﺎﺗﺠﻪ ﻋﻦ ﺍﻟﺘﻐﻴﺮ ﺍﻟﻨﺴﺒﻰ ﺑﻴﻦ ﺍﻟﻌﺮ ﺽ ﻭﺍﻟ ﻄﻠﺐ ﺍﻟﻨﺎﺗﺞ ﻋﻦ ﺍﻟﻤﺰﺍﻳﺪﻩ‬
‫ﺍﻟﻤﻔﺘﻌﻠﻪ‬
‫‪-‬‬
‫‪ex‬‬

‫ﺑﻴﻦ ﺍﻟﻤﺸﺘﺮﺍﻳﻴﻦ ﻭﺍﻟﺒﺎﺋﻌﻴﻦ ﻭﺍﻟﺘﻰ ﻧﺎﺗﺠﻪ ﻋﻦ ﺍﻟﺪ ﻭﺭﺍ ﺕ ﺍﻟﺸﻌ ﻮﺭﻳﻪ ﺍﻟﺘﻰ ﺗﺪﻭﺭ ﺑﻴﻦ ﺍﻟﺘﻔﺎﺋﻞ ﻭﺍﻟﺘﺸﺎﺋﻢ‬
‫ﻭﺍﻟﺘﻰ ﺗ ﻈﻬﺮ ﻭﺍ ﺿﺤﻪ ﻓﻰ ﺍﻟﺘﺤﺮ ﻙ ﺍﻟﺴﻌﺮﻯ‬
‫*ﺣﻴﺚ ﻳﺘﺤﺮ ﻙ ﺍﻟﺴ ﻮ ﻕ ﻓﻰ ﺍﺭﺑﻊ ﻣﺮﺍﺣﻞ ﺳﻌﺮﻳﻪ ﻭﺍﻟﻨﺎﺗﺠﻪ ﻋﻦ ﺍﻟﺘﻔﺎﻋﻞ ﺑﻴﻦ ﺍﻟﻤﺸﺘﺮﻳﻦ ﻭﺍ ﻟﺒﺎﺋﻌﻴﻦ‬
‫‪or‬‬
‫‪.f‬‬
‫‪w‬‬
‫‪w‬‬
‫‪w‬‬
 ‫ﺍﻟﻤﺮﺣﻠﻪ ﺍﻻ ﻭﻟﻰ ‪:‬ﺍﻟﺘﺠﻤﻴﻊ ﺍﻟﺸﺮﺍﺋﻰ‬
‫‪Accumulation‬‬

‫‪om‬‬
‫‪.c‬‬
‫‪r‬‬ ‫‪ow‬‬
‫‪or‬‬
‫‪m‬‬
‫*************************‬
‫‪-‬‬
‫‪ex‬‬

‫‪--------------------------------‬‬
‫ﻫﻰ ﺍﻟﻤﺮﺣﻠﻪ ﺍﻻ ﻭﻟﻰ ﻓﻰ ﺍﻟﺘﺤﺮ ﻙ ﺍﻟﺴﻌﺮﻯ ﺍﻟﺘﻰ ﻳﺘﺪﺧﻞ ﻓﻴﻬﺎ ﺻﻨﺎﻉ ﺍﻟﺴ ﻮ ﻕ ﻭﻳﺒ ﺪﺍء ﺗﺠﻤﻴﻊ ﻋﻘ ﻮﺩ‬
‫ﺍﻟﺸﺮﺍء ﻋﻠﻰ‬
‫‪or‬‬

‫ﻣﺮﺍﺣﻞ ﻣﺘﻌﺪﺩﻩ ﻓﻰ ﻫﺬﻩ ﺍﻟﻤﻨ ﻄﻘﻪ ﺍﻟ ﺴﻌﺮﻳﻪ ﻟﺘﺸﻜﻞ ﻗﺎﻉ ﻟﻠﺤﺮﻛﻪ ﺍﻟﺴﻌﺮﻳﻪ‬
‫ﻭﺗﻜ ﻮ ﻥ ﺗﻠﻚ ﺍﻟﻤﻨ ﻄﻘﻪ ﻣﻨ ﻄﻘﻪ ﺟﺬ ﺏ ﺷﺮﺍﺋﻰ ﺑﻌﺪ ﺗﺮﻧﺢ ﻓﻰ ﺣﺮﻛﻪ ﺍﻻ ﺳﻌﺎﺭ‬
‫‪.f‬‬

‫ﺍﻟﻨﺎﺗﺞ ﻋﻦ ﻋﻤﻠﻴﺎ ﺕ ﺍﻟ ﺼﺮﺍﻉ ﻓﻰ ﺍﻟﻤﺰﺍﻳﺪﻩ ﺑﻴﻦ ﺍﻟﺒﺎﺋﻌﻴﻦ ﻭﺍﻟﻤﺸﺘﺮﻳﻦ‬

‫‪w‬‬

‫ﻭﺍﻟﺘﻰ ﺗ ﻈﻬﺮ ﻓﻰ ﻣﻨﺎ ﻁ ﻖ ﺍﻟﺠﺬ ﺏ ﺍﻟﺴﻌﺮﻳﻪ ﺍﻟﺘﻰ ﺗﺴﻤﻰ ﺍﻟﺪﻋ ﻮﻡ ﺍﻟﺴﻌﺮﻳﻪ‬

‫‪w‬‬

‫‪-----------------------------------‬‬
‫‪w‬‬
 ‫ﺍﻟﻤﺮﺣﻠﻪ ﺍﻟﺜﺎﻧﻴﻪ ‪ :‬ﺍﻻﻧﻔﺠﺎﺭ ﺍﻟﺸﺮﺍﺋﻰ‬
‫‪Advanced Price‬‬

‫*****************************‬

‫‪om‬‬
‫‪.c‬‬
‫‪w‬‬
‫‪ro‬‬
‫‪or‬‬
‫‪-m‬‬
‫‪ex‬‬

‫‪-----------------------------------‬‬
‫ﻭﻫﻰ ﺍﻟﻤﺮﺣﻠﻪ ﺍﻟﺜﺎﻧﻴﻪ ﻓﻰ ﺍﻟﺘﺤﺮ ﻙ ﺍﻟﺴﻌﺮﻯ ﺣﻴﺚ ﻳﺒﺪﺍء ﺍﻟﺴ ﻮ ﻕ ﻓﻰ ﺍﻟ ﺼﻌ ﻮﺩ ﺍﻟ ﻮﺍ ﺿﺢ ﺑﻌﺪ ﺍﻟﺨﺮ ﻭﺝ‬
‫ﻣﻦ ﻣﻨ ﻄﻘﻪ‬
‫‪or‬‬

‫ﺍﻟﺘﺠﻤﻴﻊ ﺍﻟﺸﺮﺍﺋﻰ ﻭﺍﻟﺘﻰ ﺗ ﻈﻬﺮ ﺑﻌﺪ ﺍﻧﺘ ﺼﺎﺭ ﺍﻟﻤﺸﺘﺮﻳﻦ ))ﺍﻟﺜﻴﺮﺍ ﻥ (( ﻋﻠﻰ ﺍﻟﺒﺎﺋﻌﻴﻦ ))ﺍﻟﺪﺑﺒﻪ((‬
‫ﻭﺗﺘﻤﻴﺰ ﻫﺬﻩ ﺍﻟﻤﺮﺣﻠﻪ ﺑﺎﻧﻬﺎ ﺗﺘﺮﻛﺐ ﻣﻦ ﺷﻘﻴﻦ‬
‫‪.f‬‬

‫****************************‬
‫‪w‬‬

‫ﺍﻟﺸ ﻖ ﺍﻻﻭ ﻝ‪ :‬ﺍﻟﺴ ﻮ ﻕ ﺍﻟ ﺼﺎﻋﺪ‬

‫‪w‬‬

‫‪Market up‬‬

‫‪--------------------------------------------------‬‬
‫‪w‬‬

‫ﻭﻫﻰ ﺍﻟ ﺼﻌ ﻮﺩ ﺍﻟﺬﻯ ﻳﻜ ﻮﻥ ﺑﻌﺪ ﻛﺴﺮ ﺍﻋﻠﻰ ﻣﺴﺘ ﻮﻯ ﺳﻌﺮﻯ ﻓﻰ ﻣﺮﺣﻠﻪ ﺍﻟﺘﺠﻤﻴﻊ ﺍﻟﺸﺮﺍﺋﻰ‬
‫ﻭﻫﻰ ﻏﻨﺎﺋﻢ ﺍﻧﺘ ﺼﺎﺭ ﺍﻟﻤﺸﺘﺮﻳﻦ ﻋﻠﻰ ﺍﻟﺒﺎﺋﻌﻴﻦ‬

‫**********************************‬
 ‫ﺍﻟﺸ ﻖ ﺍﻟﺜﺎﻧﻰ ‪ :‬ﺗﺠﻤﻴﻊ ﺍﻻﺣﺘﻜﺎﺭ‬
‫‪Monopoly Accumulation‬‬

‫‪---------------------------------------------‬‬

‫‪om‬‬
‫ﻭﻫﻰ ﻋﻤﻠﻴﻪ ﺣﻴﺚ ﻳﺒﺪﺍء ﺻﻨﺎﻉ ﺍﻟﺴ ﻮ ﻕ ﺑﺠﻌﻞ ﺻﻐﺎﺭ ﺍﻟﻤﺸﺘﺮﻳﻦ ﺑﺎﻟﺘ ﻮ ﻫﻢ ﺍ ﻥ ﺍﻟﺴ ﻮ ﻕ ﻓﻰ ﺣﺎﻟﻪ‬
‫ﺗ ﻮﺯﻳﻊ ﺑﻴﻌﻰ ﻟﻴﺤﺘﻜﺮﻩ ﺍﻟﺸﺮﺍء ﻣﻤﺎ ﻳﺴﺎﻋﺪﻩ ﻋﻠﻰ ﺗﺤﻘﻴ ﻖ ﺍﻟﻤﺰﻳﺪ ﻣﻦ ﺍﻻﺭﺑﺎﺡ ﻭﻳﺒﺪﺍء ﺍﻟﺴ ﻮ ﻕ ﻓﻰ‬
‫ﺍﻟ ﺼﻌ ﻮﺩ ﻣﻦ ﺟﻴﺪ‬

‫‪.c‬‬
‫‪Market up‬‬

‫‪--------------------------------------------------------------------------------------‬‬

‫‪ow‬‬
‫ﺍﻟﻤﺮﺣﻠﻪ ﺍﻟﺜﺎﻟﺜﻪ ‪ :‬ﺍﻟﺘ ﻮﺯﻳﻊ ﺍﻟﺒﻴﻌﻰ‬

‫‪r‬‬
‫‪Distributon‬‬
‫‪or‬‬
‫****************************‬

‫ﻫﻰ ﺍﻟﻤﺮﺣﻠﻪ ﺍﻟﺜﺎﻟﺜﻪ ﻓﻰ ﺍﻟﺘﺤﺮ ﻙ ﺍﻟﺴﻌﺮﻯ ﺍﻟﺘﻰ ﻳﺘﺪﺧﻞ ﻓﻴﻬﺎ ﺻﻨﺎﻉ ﺍﻟﺴ ﻮ ﻕ ﻭﻳﺒﺪﺍء ﺗﻔﺮﻳﻎ ﻋﻘ ﻮﺩ‬
‫‪m‬‬
‫ﺍﻟﺸﺮﺍء ﺍ ﻟﺘﻰ‬
‫ﺣ ﺼﺒﻠﻪ ﻋﻠﻴﻬﺎ ﻣﻦ ﻣﺮﺍﻛﺰ ﻫﻢ ﻓﻰ ﻣﺮﺣﻠﻪ ﺍﻟﺘﺠﻤﻴﻊ ﺍﻟﺸﺮﺍﺋﻰ ﻭﻳﺒﺪﺍء ﺍﻟﺒﻴﻊ ﻓﻰ ﻣﺮﺍﺣﻞ ﻣﺘﻌﺪﺩﻩ ﻓﻰ‬
‫‪-‬‬

‫ﺍﻟﻤﻨ ﻄﻘﻪ‬
‫‪ex‬‬

‫ﺍﻟﺴﻌﺮﻳﻪ ﺍﻟﺘﻰ ﺗﺸﻜﻞ ﺍﻟﻘﻤﻪ ﺍﻟﺴﻌﺮﻳﻪ‬

‫ﻭﺗﻜ ﻮ ﻥ ﺗﻠﻚ ﺍﻟﻤﻨ ﻄﻘﻪ ﻣﻨﺘ ﻄﻘﻪ ﺟﺬ ﺏ ﺑﻴﻌﻰ ﺑﻌﺪ ﺗﺮﻧﺢ ﻓﻰ ﺣﺮﻛﻪ ﺍﻻ ﺳﻌﺎﺭ‬
‫‪or‬‬

‫ﺍﻟﻨﺎﺗﺞ ﻋﻦ ﻋﻤﻠﻴﺎ ﺕ ﺍﻟ ﺼﺮﺍﻉ ﻓﻰ ﺍﻟﻤﺰﺍﻳﺪﻩ ﺑﻴﻦ ﺍﻟﺒﺎﺋﻌﻴﻦ ﻭﺍﻟﻤﺸﺘﺮﻳﻦ‬

‫ﻭﺍﻟﺘﻰ ﺗ ﻈﻬﺮ ﻓﻰ ﻣﻨﺎ ﻁ ﻖ ﺍﻟﺠﺬ ﺏ ﺍﻟﺴﻌﺮﻳﻪ ﺍﻟﺘﻰ ﺗﺴﻤﻰ ﺍﻟﻤﻘ ﻮﻣﺎ ﺕ ﺍﻟﺴﻌﺮﻳﻪ‬
‫‪.f‬‬
‫‪w‬‬
‫‪w‬‬
‫‪w‬‬
 ‫ﺍﻟﻤﺮﺣﻠﻪ ﺍﻟﺮﺍﺑﻌﻪ ‪ :‬ﺍﻻﻧﺤﺪﺍﺭ ﺍﻟﺒﻴﻌﻰ‬
‫‪Decline Price‬‬

‫*****************************‬

‫‪om‬‬
‫‪.c‬‬
‫‪r‬‬ ‫‪ow‬‬
‫‪or‬‬
‫‪-‬‬ ‫‪m‬‬
‫‪ex‬‬

‫‪--------------------‬‬
‫ﻭﻫﻰ ﺍﻟﻤﺮﺣﻠﻪ ﺍﻟﺮﺍﺑﻌﻪ ﻓﻰ ﺍﻟﺘﺤﺮ ﻙ ﺍﻟﺴﻌﺮﻯ ﺣﻴﺚ ﻳﺒﺪﺍء ﺍﻟﺴ ﻮ ﻕ ﻓﻰ ﺍﻟﻬﺒ ﻮ ﻁ ﺍﻟ ﻮﺍ ﺿﺢ ﺑﻌﺪ ﺍﻟﺨﺮ ﻭﺝ‬
‫ﻣﻦ ﻣﻨ ﻄﻘﻪ ﺍﻟﺘ ﻮﺯﻳﻊ ﺍﻟﺒﻴﻌﻰ ﻟﺘﺒﺪﺍء ﺍ ﻟﺪﻭﺭﻩ ﻣﻦ ﺟﺪﻳﺪ ﺑﻤﺮﺣﻠﻪ ﺗﺠﻤﻴﻊ ﺍﺧﺮﻯ‬
‫‪or‬‬

‫ﻭﺗﺘﻤﻴﺰ ﻫﺬﻩ ﺍﻟﻤﺮﺣﻠﻪ ﺑﺎﻧﻬﺎ ﺗﺘﺮﻛﺐ ﻣﻦ ﺷﻘﻴﻦ‬

‫‪.f‬‬

‫‪-------------------------------------------------------‬‬
‫‪w‬‬

‫ﺍﻟﺸ ﻖ ﺍﻻﻭ ﻝ‪ :‬ﻫﺒ ﻮ ﻁ ﺍﻟﺴ ﻮ ﻕ‬

‫‪w‬‬

‫‪Market Down‬‬

‫‪--------------------------------------------------‬‬
‫‪w‬‬

‫ﻭﻫﻰ ﺍﻟﻬﺒ ﻮ ﻁ ﺍﻟﺬﻯ ﻳﻜ ﻮﻥ ﺑﻌﺪ ﻛﺴﺮ ﺍ ﻗﻞ ﻣﺴﺘ ﻮﻯ ﺳﻌﺮﻯ ﻓﻰ ﻣﺮﺣﻠﻪ ﺍﻟﺘ ﻮﺯﻳﻊ ﺍﻟﺒﻴﻌﻰ‬
‫ﻭﻫﻰ ﻏﻨﺎﺋﻢ ﺍﻧﺘ ﺼﺎﺭ ﺍﻟﺒﺎﺋﻌﻴﻦ ﻋﻠﻰ ﺍﻟﻤﺸﺘﺮﻳﻴﻦ‬
 ‫‪---------------------------------‬‬

‫ﺍﻟﺸ ﻖ ﺍﻟﺜﺎﻧﻰ ‪ :‬ﺍﻟﺴﻌﺮ ﺍﻟﻌﺎﺋﻢ‬

‫‪Floatng Price‬‬

‫‪---------------------------------------------‬‬

‫‪om‬‬
‫ﻭﻫﻰ ﻋﻤﻠﻴﻪ ﺣﻴﺚ ﻳﺒﺪﺍء ﺻﻨﺎﻉ ﺍﻟﺴ ﻮ ﻕ ﺑﺠﻌﻞ ﺻﻐﺎﺭ ﺍﻟﻤﺸﺘﺮﻳﻦ ﺑﺎﻟﺘ ﻮ ﻫﻢ ﺍ ﻥ ﺍﻟﺴ ﻮ ﻕ ﻓﻰ ﺣﺎﻟﻪ‬
‫ﺗﺠﻤﻴﻊ ﺷﺮﺍﺋﻰ ﺣﺘﻰ ﻳﺘﻢ ﺗﻔﺮﻳﻎ ﻣﺸﺘﺮﺍﻳﺘﻬﻢ ﺍﻟﺒﺎ ﻗﻴﻪ ﺑﺴﻌﺮ ﺍﻛﺒﺮ ﻭﺗﻜ ﻮ ﻥ ﺍﻋﺒﺎء ﺍﻟﺨﺴﺎﺋﺮ ﻋﻠﻰ ﺻﻐﺎﺭ‬
‫ﺍﻟﻤ ﻀﺎﺭﺑﻴﻦ‬

‫‪.c‬‬
‫************* *******************************‬

‫‪ow‬‬
‫**ﺗﺘﻤﻴﺰ ﻛﻼ ﻣﻦ ﻣﺮﺣﻠﻪ ﺍﻟﺘﺠﻤﻴﻊ ﻭ ﻣﺮﺣﻠ ﻪ ﺍﻟﺘ ﻮﺯﻳﻊ ﺑﺎﻟﻌﺪﻳﺪ ﻣﻦ ﺍﻟﻤﻤﻴﺰﺍ ﺕ**‬
‫ﺍ ﻭﻻ‪ :‬ﻅﺎ ﻫﺮﻩ ﺍﻻﻧﺤﺒﺎ ﺱ ﺍﻟﺴﻌﺮﻯ‬

‫‪r‬‬
‫‪Lock In price‬‬
‫‪or‬‬
‫‪-‬‬ ‫‪m‬‬
‫‪ex‬‬
‫‪or‬‬
‫‪.f‬‬
‫‪w‬‬
‫‪w‬‬

‫‪---------------------------‬‬
‫‪w‬‬

‫‪-------------------------------‬‬
‫ﻭﻫﻰ ﺍﻭ ﻝ ﻣﺮﺣﻠﻪ ﺗﺒﺪﺍء ﻓﻰ ﻋﻤﻠﻴﻪ ﺍﻟﺘ ﻮﺯﻳﻊ ﺍ ﻭ ﺍﻟﺘﺠﻤﻴﻊ‬
‫ﺣﻴﺚ ﻳﺒﺪﺍء ﺍﻟﺴ ﻮ ﻕ ﻓﻰ ﺍﻟﺘﺤﺮ ﻙ ﺑﺎﺗﺠﺎﻩ ﺟﺎﻧﻴﻰ ﺍ ﻭ ﺍﻧﺤﺪﺍﺭﻯ ﻋﻜ ﺲ ﺍﻻﺗﺠﺎﻩ ﺍﻟﺴﺎﺑ ﻖ ﺑ ﺼ ﻮﺭﻩ ﺑ ﻄﺊ‬
 ‫ﺛﺎﻧﻴﺎ‪ :‬ﺍﻻﺧﺘﺒﺎﺭ ﺍﻟﺴﻌﺮﻯ‬
‫‪The Test Price‬‬

‫‪om‬‬
‫‪------------------------------‬‬

‫‪.c‬‬
‫‪r‬‬ ‫‪ow‬‬
‫‪or‬‬
‫‪-‬‬ ‫‪m‬‬
‫‪ex‬‬

‫‪---------------‬‬
‫‪or‬‬

‫ﻫﻰ ﻅﺎﻫﺮﻩ ﺍﻋﺎﺩﻩ ﺍﺧﺘﺒﺎﺭ ﻣﺴﺘ ﻮﻳﺎ ﺕ ﺳﺎﺑﻘﻪ ﻟﻠﺘﺎﻛﺪ ﻣﻦ ﻗ ﻮﻩ ﺍﻟﺪﻋﻢ ﺍ ﻭ ﺍﻟﻤﻘﺎ ﻭﻣﻪ ﺍﻟﻤﺮﺗﺪ ﻣﻨﻬﺎ‬
‫ﺍ ﻭ ﻣﺨﺘﺮ ﻗﻬﺎ ﻟﻠﺘﺎﻛﺪ ﻣﻦ ﻗ ﻮﺗﻬﺎ ﻓﻰ ﺑﻨﻴﻪ ﺍﻟﺤﺮﻛﻪ ﺍﻟﺴ ﻮ ﻗﻴﻪ‬
‫‪.f‬‬
‫‪w‬‬
‫‪w‬‬
‫‪w‬‬
 ‫ﺛﺎﻟﺜﺎ‪ :‬ﺍﻟﻜﺴﺮ ﺍﻟﻜﺎﺫ ﺏ‬
‫‪False Break‬‬

‫‪om‬‬
‫‪------------------------------‬‬

‫‪.c‬‬
‫‪w‬‬
‫‪ro‬‬
‫‪or‬‬
‫‪-m‬‬
‫‪ex‬‬

‫‪--------------------------‬‬
‫‪or‬‬

‫ﻫﻰ ﻅﺎﻫﺮ ﺗﺤﺪ ﺙ ﻋﻨﺪﻣﺎ ﻳﺨﺘﺮ ﻑ ﺍﻟﺴﻌﺮ ﻣﺴﺘ ﻮﻯ ﺩﻋﻢ ﺍ ﻭ ﻣﻘﺎﻭﻣﻪ ﻭﻟﻜﻦ ﻻ ﻳﻜﻤﻞ ﻓﻰ ﺍﻻﺗﺠﺎﻩ ﺍﻟﺠﺪﻳﺪ‬
‫ﻟﻴﻌ ﻮﺩ ﺍﻟﻰ ﺍﻻﺗﺠﺎﻩ ﺍﻟﺴﺎﺑ ﻖ ﻣﺮﻩ ﺍﺧﺮﻯ ﻭﻳﻜ ﻮ ﻥ ﻫﺬﺍ ﺑﺴﺒﺐ ﺭﻏﺒﻪ ﺻﻨﺎﻉ ﺍﻟﺴ ﻮ ﻕ ﻣﻦ ﺍﻟﺸﺮﺍء ﺍ ﻭ ﺍﻟﺒﻴﻊ‬
‫ﻣﻦ‬
‫‪.f‬‬

‫ﻣﺴﺘ ﻮﻳﺎ ﺕ ﺍﻛﺜﺮ ﺟ ﻮﺩﻩ ﺑﺎﻟﻨﺴﺒﻪ ﻟﻬﻢ ﻭ ﺻﻨﻊ ﻫﺎﻟﻪ ﻣﻦ ﺍﻟﺘﺨ ﻮﻳ ﻒ ﻟﻠﻤﺘﺎﺟﺮﻳﻦ ﺍﻻﺧﺮﻳﻦ ﻭﺗﺸﻜﻴﻜﻬﻢ ﻣﻦ‬
‫‪w‬‬

‫ﺍﻻﺗﺠﺎﻩ‬
‫ﻭﻫ ﻮ ﻣﺎ ﻳﺴﻤﻰ ‪Shake out‬‬
‫‪w‬‬

‫*****************************************‬
‫‪w‬‬

‫ﻭﺍﻻ ﻥ ﺑﻌﺪ ﺍ ﻥ ﺗﻌﺮ ﻓﻨﺎ ﻋﻦ ﻧ ﻈﺮﻳﻪ ﺍﻟﺴﻠ ﻮ ﻙ ﺍﻟﺴﻌﺮﻯ ﺳﻨﺘﻌﻠﻢ ﺧﻼ ﻝ ﺍﻟﻔ ﺼ ﻮ ﻝ ﺍﻟﻤﻘﺒﻠﻪ‬
‫ﻛﻴﻔﻴﻪ ﻗﺮﺍءﻩ ﺍﻟﺴ ﻮ ﻕ ﻭﺗﺤﻠﻴﻞ ﺍﻟﻨﻔﺴﻴﻪ ﻟﻠﻤ ﻀﺎﺭﺑﻴﻦ ﻟﺘﻤﻴﺰ ﻭﺍﻟﺘﻌﺮ ﻑ ﻋﻠﻰ ﺣﺎﻻ ﺕ ﺍﻟﺴ ﻮ ﻕ ﺍﻻﺭﺑﻌﻪ‬
‫ﺍﻟﺤﺮﻛﻴﻪ‬
‫ﻭﺗﻤﻴﺰ ﻣﺘﻰ ﺑﺰﺩﺍﺩ ﺍﻟﺴ ﻮ ﻕ ﺿﻌﻔﺎ ﻭﻣﺘﻰ ﻳﺰﺩﺍﺩ ﺍﻟﺴ ﻮ ﻕ ﻗ ﻮﻯ‬
 ‫ﻭ ﺳﻴﺘﻢ ﺷﺮﺡ ﻧ ﻈﺮﻳﻪ ﺍﻟﺘﻼﻋﺐ ﺍﻟﺴ ﻮ ﻗﻴﻪ ﻭﻋﻼ ﻗﺘﻬﺎ ﺑﻤ ﻮﺟﺎ ﺕ ﺍﻟﻴ ﻮ ﺕ ﺑﺠﻤﻴﻊ ﺍ ﺳﺮﺍﺭﺍ ﻫﺎ ﻓﻰ ﻣﻨﺘﺪﺑﺎ ﺕ‬
‫ﻓ ﻮﺭﻛ ﺲ ﺍﻟﻐﺪ‬
‫******************************‬

‫‪om‬‬
‫ﺍﻟﻔ ﺼﻞ ﺍﻻ ﻭ ﻝ ‪ :‬ﻗﺮﺍءﻩ ﺍﻟﺤﺮﻛﻪ ﺍﻟﺴﻌﺮﻳﻪ‬
‫‪---------------------------------------------------‬‬

‫‪.c‬‬
‫ﺗﻌﺘﻤﺪ ﻗﺮﺍءﻩ ﺍﻟﺤﺮﻛﻪ ﺍﻟﺴﻌﺮﻳﻪ ﻋﻠﻰ ﺗﺤﻠﻴﻞ ﺍﻟﺴﻠ ﻮ ﻙ ﺍﻟﻨﻔﺴﻰ ﻟﻘﺮﺍﺭﺍ ﺕ ﺍﻟﻤ ﻀﺎﺭﺑﻴﻦ‬

‫‪ow‬‬
‫ﻭﺗﺤﻠﻴﻞ ﺳﻴﻜ ﻮﻟ ﻮﺟﻴﻪ ﻫﺬﺍ ﺍﻟﺤﺮﻛﻪ ﻭﺍﻟﺴﻴ ﻮﻟﻪ ﺍﻟﻤﺤﺮﻛﻪ ﻟﻬﺎ ﻣﻤﺎ ﻳﺴﺎﻋﺪﻧﺎ ﻋﻠﻰ ﺗﺤﺪﻳﺪ ﻛﻤﻴﻪ ﺍﻟﻌﺮ ﺽ‬
‫ﻭﺍﻟ ﻄﻠﺐ ﻓﻰ‬
‫ﻫﺬﻩ ﺍﻻ ﻭ ﻗﺎ ﺕ ﻭﻋﻦ ﻁﺮﻳﻘﻪ ﺗﺤﺪﻳﺪ ﻫﺎ ﻧﺘﺴ ﻄﻴﻊ ﺗﺤﺪﻳﺪ ﺍﻻﺗﺠﺎﻩ ﺍﻟﻤﺴﺘﻘﺒﻞ ﺍﻟﻤﺤﺮ ﻙ ﻣﻦ ﻗﺒﻞ ﺍﻟﻌﺮ ﺽ ﺍ ﻭ‬
‫ﺍﻟ ﻄﻠﺐ ﻭ ﻫﻞ‬

‫‪r‬‬
‫‪or‬‬
‫ﺍﻟﺴ ﻮ ﻕ ﻳﻜﺘﺴﺐ ﻗ ﻮﻩ ﺍﻡ ﻳﻜﺘﺴﺐ ﺿﻌ ﻒ ﻭﺍﻟﺬﻯ ﻳﺴﺎﻋﺪﻧﺎ ﻋﻠﻰ ﺗﺤﺪﻳﺪ ﺧ ﻄﻪ ﻋﻤﻠﻨﺎ ﻟﻠﻤﺘﺎﺟﺮﻩ ﻣﻊ ﻫﺬﺍ‬
‫ﺍﻻﺗﺠﺎﻩ‬
‫ﻭﺍﻟﺴﺒﻞ ﺍﻻﻣﺜﻞ ﻟﺘ ﻄﺒﻴ ﻖ ﻫﺬﻩ ﺍﻟﺨ ﻄﻪ ﻋﻦ ﻁﺮﻳ ﻖ ﺍﺗﺨﺎﺫ ﺍﻟﻘﺮﺍﺭﺍ ﺕ ﺍﻟﻤﻨﺎ ﺳﺒﻪ‬
‫‪m‬‬
‫ﻛﻴﻔﻴﻪ ﺗﺤﺪﻳﺪ ﺍﺗﺠﺎﻩ ﺍﻟﺴﻠ ﻮ ﻙ ﺍﻟﺴﻌﺮﻯ‬
‫‪-‬‬

‫‪-----------------------------------------------‬‬
‫‪ex‬‬

‫ﻳﻌﺘﻤﺪ ﺗﺤﻠﻴﻞ ﺍﺗﺠﺎﻩ ﺍﻟﺴﻠ ﻮ ﻙ ﺍﻟﺴﻌﺮﻯ ﻋﻠﻰ ﺛﻼ ﺙ ﻋﻨﺎ ﺻﺮ ﻣﻬﻤﻪ‬

‫‪ -1‬ﻋﻼ ﻗﻪ ﺍﻟﻤﺪﻯ ﺍﻟﺤﺮﻛﻰ ﺍﻟﺴﺎﺑ ﻖ ﺑﺎﻟﻤﺪﻯ ﺍﻟﺤﺮﻛﻰ ﺍﻟﺤﺎﻟﻰ‬
‫‪or‬‬

‫‪ -2‬ﻗ ﻮﻩ ﺍﻟﻤﺪﻯ ﺍﻟﺤﺮﻛﻰ ﻟﻠﺴ ﻮ ﻕ‬

‫‪ -3‬ﻋﻼ ﻗﻪ ﺍﻻ ﻏﻼ ﻕ ﺑﺎﻟﻤﺪﻯ ﺍﻟﺤﺮﻛﻰ ﺍﻟﺤﺎﻟﻰ‬
‫‪.f‬‬

‫‪ -4‬ﻋﻼ ﻗﻪ ﺍﻻﻏﻼ ﻕ ﺍﻟﺤﺎﻟﻰ ﺑﺎﻏﻼ ﻕ ﺍﻟ ﻮﺣﺪﻩ ﺍﻟﺴﻌﺮﻳﻪ ﺍﻟﺴﺎﺑﻘﻪ‬

‫‪w‬‬

‫‪---------------------------------------‬‬
‫‪w‬‬

‫‪ -1‬ﻋﻼ ﻗﻪ ﺍﻟﻤﺪﻯ ﺍﻟﺤﺮﻛﻰ ﺍﻟﺴﺎﺑ ﻖ ﺑﺎﻟﻤﺪﻯ ﺍﻟﺤﺮﻛﻰ ﺍﻟﺤﺎﻟﻰ‬

‫‪w‬‬

‫‪------------------------------------------------------------‬‬
‫ﻭﻫﻰ ﻣﻘﺎﺭﻧﻪ ﺍﻋﻠﻰ ﻭﺍﺩﻧﻰ ﺳﻌﺮ ﻓﻰ ﺍﻟ ﻮﺣﺪﻩ ﺍﻟﺴﻌﺮﻳﻪ ﺍﻟﺤﺎﻟﻴﻪ‬
‫ﻭﺍﻟ ﻮﺣﺪﻩ ﺍﻟﺴﻌﺮﻳﻪ ﺍﻟﺴﺎﺑﻘﻪ ﻣﻤﺎ ﺑﺴﺎﻋﺪﻧﺎ ﻋﻠﻰ ﺗﺤﺪﻳﺪ ﻧ ﻮﻋﻴﻪ ﺍﻻﺗﺠﺎﻩ‬
 ‫ﻭﻫﻰ ﻣﻦ ﺍﻫﻢ ﺍﺩ ﻭﺍ ﺕ ﺩﺭﺍ ﺳﻪ ﺍﻟﺒﺮﺍﻳ ﺲ ﺍﻛﺸﻦ ﺑﻞ ﻭ ﻫﻰ ﺍﻟﺮﻛﻦ ﺍﻟﺜﺎﻧﻰ ﻓﻰ ﺩﺭﺍ ﺳﻪ ﺍﻟﺸﻤ ﻮﻉ‬
‫ﺍﻟﻴﺎﺑﺎﻧﻴﻪ‬
‫ﻭﻧﺪﺭ ﺱ ﻓﻴﻬﺎ ﻋﺪﻩ ﻋﻨﺎ ﺻﺮ ﻫﺎﻣﻪ ﺗﺴﺎﻋﺪﻧﺎ ﻋﻠﻰ ﺗﺤﺪﻱ ﻧ ﻮﻉ ﺍﻻﺗﺠﺎﻩ ﻭﺩﺭﺟﻪ ﻗ ﻮﺗﻪ‬

‫**************************************‬

‫‪om‬‬
‫ﺃ‪ -‬ﺍﺗﺠﺎﻩ ﺻﺎﻋﺪ‪:‬‬
‫‪------------------------‬‬

‫‪.c‬‬
‫‪w‬‬
‫‪ro‬‬
‫‪or‬‬
‫‪------‬‬ ‫‪-----------------------‬‬
‫‪-m‬‬

‫ﻭﺗﻜ ﻮ ﻥ ﺍﻋﻠﻰ ﺳﻌﺮ ﻓﻰ ﺍﻟﺒﺎﺭ ﺍﻟﺤﺎﻟﻰ ﺍﻋﻠﻰ ﻣﻦ ﺍﻋﻠﻰ ﺳﻌﺮ ﻓﻰ ﺍﻟﺒﺎﺭ ﺍﻟﺴﺎﺑ ﻖ‬
‫ﻭﺍ ﻗﻞ ﺳﻌﺮ ﻓﻰ ﺍﻟﺒﺎﺭ ﺍﻟﺤﺎﻟﻰ ﺍﻋﻠﻰ ﻣﻦ ﺍ ﻗﻞ ﺳﻌﺮ ﻓﻰ ﺍﻟﺒﺎﺭ ﺍﻟﺴﺎﺑ ﻖ‬
‫‪ex‬‬

‫****************‬
‫‪or‬‬

‫ﺏ‪ -‬ﺍﺗﺠﺎﻩ ﻫﺎﺑ ﻂ‪:‬‬

‫‪------------------------‬‬
‫‪.f‬‬
‫‪w‬‬
‫‪w‬‬
‫‪w‬‬

‫‪------------------------‬‬
‫ﻭﺗﻜ ﻮ ﻥ ﺍﻋﻠﻰ ﺳﻌﺮ ﻓﻰ ﺍﻟﺒﺎﺭ ﺍﻟﺤﺎﻟﻰ ﺍ ﻗﻞ ﻣﻦ ﺍﻋﻠﻰ ﺳﻌﺮ ﻓﻰ ﺍﻟﺒﺎﺭ ﺍﻟﺴﺎﺑ ﻖ‬
 ‫ﻭﺍ ﻗﻞ ﺳﻌﺮ ﻓﻰ ﺍﻟﺒﺎﺭ ﺍﻟﺤﺎﻟﻰ ﺍ ﻗﻞ ﻣﻦ ﺍ ﻗﻞ ﺳﻌﺮ ﻓﻰ ﺍﻟﺒﺎﺭ ﺍﻟﺴﺎﺑ ﻖ‬

‫***************‬
‫ﺝ‪ -‬ﺍﺗﺠﺎﻩ ﺗﺬﺑﺬﺑﻰ‪:‬‬
‫‪----------------------‬‬

‫‪om‬‬
‫ﺍﻟﻨ ﻮﻉ ﺍﻻ ﻭ ﻝ ‪ :‬ﺍﻻﺗﺠﺎﻩ ﺍﻟﺪﺍﺧﻠﻰ‬
‫‪---------------------------------------‬‬

‫‪.c‬‬
‫‪r‬‬ ‫‪ow‬‬
‫‪or‬‬
‫‪-------------------------------‬‬
‫‪m‬‬

‫ﻭﺗﻜ ﻮ ﻥ ﺍﻋﻠﻰ ﺳﻌﺮ ﻓﻰ ﺍﻟﺒﺎﺭ ﺍﻟﺤﺎﻟﻰ ﺍ ﻗﻞ ﺍ ﻭ ﻳﺴﺎﻭﻯ ﻣﻦ ﺍﻋﻠﻰ ﺳﻌﺮ ﻓﻰ ﺍﻟﺒﺎﺭ ﺍﻟﺴﺎﺑ ﻖ‬
‫‪-‬‬

‫ﻭﺍ ﻗﻞ ﺳﻌﺮ ﻓﻰ ﺍﻟﺒﺎﺭ ﺍﻟﺤﺎﻟﻰ ﺍﻋﻠﻰ ﺍ ﻭ ﻳﺴﺎ ﻭﻯ ﻣﻦ ﺍ ﻗﻞ ﺳﻌﺮ ﻓﻰ ﺍﻟﺒﺎﺭ ﺍﻟﺴﺎﺑ ﻖ‬

‫‪ex‬‬

‫‪-----------------------------------------‬‬
‫ﺍﻟﻨ ﻮﻉ ﺍﻟﺜﺎﻧﻰ ‪ :‬ﺍﻻﺗﺠﺎﻩ ﺍﻟﺨﺎﺭﺟﻰ‬
‫‪or‬‬

‫‪---------------------------------------‬‬
‫‪.f‬‬
‫‪w‬‬
‫‪w‬‬
‫‪w‬‬
 ‫‪----------------------------------‬‬
‫ﻭﺗﻜ ﻮ ﻥ ﺍﻋﻠﻰ ﺳﻌﺮ ﻓﻰ ﺍﻟﺒﺎﺭ ﺍﻟﺤﺎﻟﻰ ﺍ ﻗﻞ ﺍ ﻭ ﻳﺴﺎﻭﻯ ﻣﻦ ﺍﻋﻠﻰ ﺳﻌﺮ ﻓﻰ ﺍﻟﺒﺎﺭ ﺍﻟﺴﺎﺑ ﻖ‬
‫ﻭﺍ ﻗﻞ ﺳﻌﺮ ﻓﻰ ﺍﻟﺒﺎﺭ ﺍﻟﺤﺎﻟﻰ ﺍﻋﻠﻰ ﺍ ﻭ ﻳﺴﺎ ﻭﻯ ﻣﻦ ﺍ ﻗﻞ ﺳﻌﺮ ﻓﻰ ﺍﻟﺒﺎﺭ ﺍﻟﺴﺎﺑ ﻖ‬

‫‪om‬‬
‫ﺩ‪ -‬ﺍﻻﺭﺗﻜﺎﺯ ﺍﻟﺴﻌﺮﻯ‬
‫‪---------------------------‬‬
‫ﻫ ﻮ ﺍﻟﺒﺎﺭ ﺍﻟﺬﻯ ﻳﺘﺤ ﻮ ﻝ ﻓﻴﻪ ﺍﻻﺗﺠﺎﻩ ﺍﻟ ﺼﺎﻋﺪ ﺍﻟﻰ ﺍﺗﺠﺎﻩ ﻫﺎﺑ ﻂ ﺍ ﻭ ﺍﻟﻌﻜ ﺲ‬

‫‪.c‬‬
‫‪w‬‬
‫ﻭﻫﻨﺎ ﻙ ﻧ ﻮﻋﻴﻦ ﻣﻦ ﺑﺎﺭﺍ ﺕ ﺍﻻﺭﺗﻜﺎﺯ‬

‫‪ro‬‬
‫‪ -1‬ﺍﺭﺗﻜﺎﺯ ﺑﺴﻴ ﻂ‬
‫‪or‬‬ ‫‪(Simple Pivoty‬‬
‫‪-m‬‬
‫‪ex‬‬
‫‪or‬‬

‫‪----------------------------‬‬
‫*********************‬
‫‪.f‬‬
‫‪w‬‬

‫‪ -2‬ﺍﺭﺗﻜﺎﺯ ﻣﻌﻘﺪ‬
‫‪(Complex Pivoty‬‬
‫‪w‬‬

‫‪---------------------------------------‬‬
‫‪w‬‬
 ‫‪------------------------------------‬‬
‫ﻭﻳﺘﻜ ﻮ ﻥ ﻋﻨﺪﻣﺎ ﻧﻜ ﻮ ﻥ ﺍﻟﻘﻤﻪ ﻋﺒﺎﺭﻩ ﻋﻦ ﺑﺎﺭ ﺧﺎﺭﺟﻰ ﻭ ﻓﻰ ﺩﺍﺧﻠﻪ ﺍﻟﻌﺪﻳﺪ ﻣﻦ ﺍﻟﺒﺎﺭﺍ ﺕ ﺍﻟﺪﺍﺧﻠﻴﻪ‬

‫‪om‬‬
‫‪ -2‬ﻗ ﻮﻩ ﺍﻟﻤﺪﻯ ﺍﻟﺤﺮﻛﻰ ﻟﻠﺴ ﻮ ﻕ‬
‫)ﺍﻟﻤﺪﻯ ﺍﻟﺤﺮﻛﻰ(‬

‫‪.c‬‬
‫‪r‬‬ ‫‪ow‬‬
‫‪or‬‬
‫‪-‬‬ ‫‪m‬‬
‫‪ex‬‬
‫‪or‬‬

‫‪----------------------------------------------‬‬
‫‪-----------------------------------‬‬
‫‪.f‬‬

‫ﻭﻫﻰ ﻣﻦ ﺍﻫﻢ ﺍﻟﻌﻼ ﻗﺎ ﺕ ﺍﻟﺘﻰ ﺗ ﻮ ﺿﺢ ﻗ ﻮﻩ ﺍﻻﺗﺠﺎﻩ ﻓﻬﻰ ﺗ ﻮ ﺿﺢ ﻣﺪﻯ ﻗ ﻮﻩ ﺿﻐ ﻂ ﺍﻟﺴﻴ ﻮﻟﻪ ﺍﻟﻤﺤﺮﻛﻪ‬
‫ﻟﻠﺴ ﻮ ﻕ ﻓﻰ ﻫﺬﻩ ﺍﻟﻔﺘﺮﻩ ﺍﻟﺰﻣﺎﻧﻴﻪ ﻭﺍﻟﺘﻰ ﺗ ﻈﻬﺮ ﺑﻤ ﻮ ﺿ ﻮﺡ ﻓﻰ ﻣﺪﻯ ﺗﻐﻴﺮ ﺍﻟﻤﺪﻯ ﺍﻟﺤﺮﻛﻰ ﻟﻠ ﻮﺣﺪﻩ‬
‫‪w‬‬

‫ﺍﻟﺴﻌﺮﻳﻪ ﻭﺍﻟﺘﻰ ﺗﻌﺮ ﻑ ﺏ‬

‫‪Spread Analysis‬‬
‫‪w‬‬

‫ﻭﻳﻜ ﻮ ﻥ ﺫﻟﻚ ﻋﻦ ﻁﺮﻳ ﻖ ﺗﺤﺪﻳﺪ ﻣﺘ ﻮ ﺳ ﻂ ﺣﺮﻛﻪ ﺍﻟﺸﻤ ﻮﻉ ﺍﻟﻴﺎﺑﺎﻧﻴﻪ ﻓﻰ ﺍﻟﻔﺘﺮﻩ ﺍﻟﺰﻣﺎﻧﻴﻪ ﺍﻟﻤﺴﺘﺨﺪﻣﻪ‬
‫‪w‬‬

‫ﻓﻼﻧﺴﻨﻰ ﺍ ﻥ ﻟﻜﻦ ﺳ ﻮ ﻕ ﺑﻞ ﻭﻟﻜﻞ ﻓﺘﺮﻩ ﺯﻣﺎﻧﻴﻪ ﺍﻻﻫﺘﺰﺍﺯ ﺍﻟﺨﺎ ﺹ ﺑﻬﺎ ﺣﺎﻟﻬﺎ ﻛﺤﺎ ﻝ ﺍﻯ ﺷﺊ ﻓﻰ‬
‫ﺍﻟ ﻄﺒﻴﻌﻪ‬
‫ﻓﻴﺠﺐ ﺍ ﻥ ﻧ ﻀﻊ ﺫﻟﻚ ﻓﻰ ﺍﻻﻋﺘﺒﺎﺭ ﻋﻨﺪ ﺩﺭﺍ ﺳﻪ ﺍﻫﺘﺰﺍﺯ ﺍﻟ ﻮﺣﺪﻩ ﺍﻟﺴﻌﺮﻳﻪ ﺑﻤﻌﻨﻰ ﺍﺧﺮ ﺍﻟﻤﺪﻯ ﺍﻟﺴﻌﺮﻯ‬
‫ﺍﻟﺬﻯ ﺗﻤﺜﻠﻪ ﺍﻋﻠﻰ ﺳﻌﺮ ﻭﺍ ﻗﻞ ﺳﻌﺮ ﻓﻰ ﺍﻟ ﻮﺣﺪﻩ ﺍﻟﺰﻣﺎﻧﻴﻪ‬
 ‫ﺣﻴﺚ ﺍ ﻥ ﻫﻨﺎ ﻙ ‪ 5‬ﺣﺎﻻ ﺕ ﻋﻨﺪ ﺩﺭﺍ ﺳﻪ ﺍﻟﺸﻤ ﻮﻉ ﻋﻦ ﻁﺮﻳ ﻖ ﺍﻟﻤﺪﻯ ﺍﻟﺤﺮﻛﻰ‬
‫ﻭﻟﺤﺴﻦ ﺍﻟﺤ ﻆ ﻟﻦ ﻧﺤﺘﺎﺝ ﺍﻟﻰ ﻗﻴﺎ ﺱ ﺍﻟﺒﺎﺭﺍ ﺕ ﻭﺣﺴﺎ ﺏ ﻋﺪﺩ ﺍﻟﻨﻘﺎ ﻁ ﺑﻬﺎ ﻓﻬﻨﺎ ﻙ ﻣ ﻮﺍ ﺷﺮ ﻳﺴﻤﻰ‬
‫‪Volume Spread‬‬

‫ﻳﻘﻴ ﺲ ﻣﻘﺪﺍﺭ ﺍﻟﺘﺤﺮ ﻙ ﻭﻳﻌ ﻄﻴﻚ ﺍﻟﺒﻴﺎﻧﺎ ﺕ ﻋﻠﻰ ﺷﻜﻞ ﻫﻴﺴﺘ ﻮ ﺟﺮﺍﻡ ﻟﺘﺴ ﻄﻴﻊ ﺩﺭﺍ ﺳﺘﻬﺎ ﻭﺗﺤﻠﻴﻞ‬
‫ﺑﻴﺎﻧﺎﺗﻬﺎ‬

‫‪om‬‬
‫ﻭ ﺳﻴﺘﻢ ﺷﺮﺡ ﺗﺤﻠﻴﻞ ﺍﻟﺴ ﻴ ﻮﻟﻪ ﻛﺎﻣﻼ ﺑﺨﻔﺎﻳﻪ ﻭﺍ ﺳﺮﺍﺭﻩ ﻓﻰ‬
‫‪Forex-morrow.com‬‬

‫‪.c‬‬
‫ﺍﻟﺤﺎﻟﻪ ﺍﻻ ﻭﻟﻰ ‪ :‬ﺍﻟﺴﻜ ﻮ ﻥ ﺍﻟﺤﺮﻛﻰ‬
‫‪-------------------------------------‬‬

‫‪w‬‬
‫ﻭﻳﻜ ﻮ ﻥ ﺍﻟﺴ ﻮ ﻕ ﻓﻰ ﻫﺬﺍ ﺍﻟ ﻮ ﺿﻊ ﻋﻨﺪ ﻣﺴﺘ ﻮﻳﺎ ﺕ ﺻﻐﻴﺮﻩ ﺟﺪﺍ ﺑﺎﻟﻤﻘﺎﺭﻧﻪ ﻣﻊ ﻭ ﺿﻊ ﺍﻻﺗﺰﺍ ﻥ‬

‫‪ro‬‬
‫ﻭﺗﺘﻤﻴﺰ ﺑﺎﻟﻠ ﻮ ﻥ ﺍﻻ ﺻﻔﺮ‬

‫‪or‬‬
‫ﺍﻟﺤﺎﻟﻪ ﺍﻟﺜﺎﻧﻴﻪ ‪ :‬ﺍﻻ ﻫﺘﺰﺍﺯ ﺍﻟ ﻀﻌﻴ ﻒ‬
‫‪-m‬‬

‫‪-------------------------------------‬‬
‫ﻭﻳﻜ ﻮ ﻥ ﺍﻟﺴ ﻮ ﻕ ﻓﻰ ﻫﺬﺍ ﺍﻟ ﻮ ﺿﻊ ﻋﻨﺪ ﻣﺴﺘ ﻮﻳﺎ ﺕ ﺍ ﺿﻌ ﻒ ﻣﻦ ﻭ ﺿﻊ ﺍﻻﺗﺰﺍ ﻥ ﻭ ﻭ ﺿﻊ ﺍﻟﺴﻜ ﻮ ﻥ ﺍﻟﺤﺮﻛﻰ‬
‫‪ex‬‬

‫ﻭﻳﺘﻤﻴﺰ ﺑﺎﻟﻠ ﻮ ﻥ ﺍﻟﺒﻨﻰ‬

‫‪or‬‬

‫ﺍﻟﺤﺎﻟﻪ ﺍﻟﺜﺎﻟﺜﻪ‪ :‬ﺍﻟﺘ ﻮﺍﺯ ﻥ ﺍﻟﺴﻌﺮﻯ‬

‫‪.f‬‬

‫‪----------------------------------‬‬
‫‪w‬‬

‫ﻭﻫ ﻮ ﺍﻟﻤﻼﻣﺴﻪ ﻟﻤﺘ ﻮ ﺳ ﻂ ‪ 20‬ﻣﺪﻯ ﺣﺮﻛﻰ ﺳﺎﺑ ﻖ‬

‫ﻭﻳﻜ ﻮ ﻥ ﺑﺎﻟﻠ ﻮ ﻥ ﺍﻟﻘﺮﻣﺰﻯ‬
‫‪w‬‬
‫‪w‬‬

‫ﺍﻟﺤﺎﻟﻪ ﺍﻟﺮﺍﺑﻌﻪ ‪ :‬ﺍﻻ ﻫﺘﺰﺍﺯ ﺍﻟﻘ ﻮﻯ‬

‫‪-------------------------------‬‬
 ‫ﻭﻳﻜ ﻮ ﻥ ﺍﻟﺴ ﻮ ﻕ ﻓﻰ ﻫﺬﺍ ﺍﻟ ﻮ ﺿﻊ ﻋﻨﺪ ﻣﺴﺘ ﻮﻳﺎ ﺕ ﺍﻋﻠﻰ ﻣﻦ ﺍﻟﺘ ﻮﺍﺯ ﻥ ﺍﻟﺴﻌﺮﻯ‬
‫ﻭﻳﻜ ﻮ ﻥ ﺑﺎﻟﻠ ﻮ ﻥ ﺍﻻﺯﺭ ﻕ‬

‫ﺍﻟﺤﺎﻟﻪ ﺍﻟﺨﺎﻣﺴﻪ‪ :‬ﺍﻻﻧﻔﺠﺎﺭ ﺍﻟﺴﻌﺮﻯ‬

‫‪----------------------------------------‬‬

‫‪om‬‬
‫ﻭﻳﻜ ﻮ ﻥ ﺍﻟﺴ ﻮ ﻕ ﻓﻰ ﻫﺬﺍ ﺍﻟ ﻮ ﺿ ﻊ ﻋﻨﺪ ﻣﺴﺘ ﻮﻳﺎ ﺕ ﺍﻋﻠﻰ ﻣﻦ ﺍﻻ ﻫﺘﺰﺍﺯ ﺍﻟﻘ ﻮﻯ ﻭﺍﻟﺘ ﻮﺍﺯ ﻥ ﺍﻟﺴﻌﺮﻯ‬
‫ﻭﻳ ﻈﻬﺮ ﻫﺬﻩ ﺍﻟﺤﺎﻟﻪ ﻓﻰ ﺣﺎﻟﻪ ﺍﻻﺧﺒﺎﺭ ﺍﻟﻬﺎﻣﻪ ﺍ ﻭ ﺿﺦ ﺳﻴ ﻮﻟﻪ ﻣﻦ ﻗﺒﻞ ﺍﻟﺒﻨ ﻮ ﻙ ﺍﻭ ﺻﻨﺎﻉ ﺍﻟﺴ ﻮ ﻕ‬
‫ﻭﻳﻜ ﻮ ﻥ ﺑﺎﻟﻠ ﻮﺍ ﻥ ﺍﻟﺒﻨﻔﺴﺠﻰ‬

‫‪.c‬‬
‫‪ow‬‬
‫‪-----------------------------------------------‬‬
‫*ﻛﻠﻤﺎ ﺯﺍﺩ ﺍﻟﻤﺪﻯ ﺍﻟﺤﺮﻛﻰ ﻟﻠ ﻮﺣﺪﺍ ﺕ ﺍﻟﺤﺎﻟﻴﻪ ﻋﻦ ﺍﻟﺴﺎﺑﻘﻪ ﻛﻠﻤﺎ ﻛﺎﻧﺖ ﺍﻻ ﺷﺎﺭﻩ ﻓﻰ ﻗ ﻮﻩ ﺍﻻﺗﺠﺎﻩ‬
‫ﺍ ﻗ ﻮﻯ‬

‫‪r‬‬
‫ﻭ ﻫ ﻮ ﻣﺎ ﻳﺴﻤﻰ ﻗ ﻮﻩ ﺣﺮﻛﻪ ﺍﻟﺴﻌﺮ ﺍﻳﺠﺎﺑﻴﻪ ﻭﻳ ﻈﻬﺮ ﻓﻰ ﺍﻻﺗﺠﺎﻩ ﺍﻟﺮﺋﻴﺴﻰ ﻟﻠﺤﺮﻛﻪ ﺍﻟﺴﻌﺮﻳﻪ‬
‫‪or‬‬
‫*ﻛﻠﻤﺎ ﻗﻞ ﺍﻟﻤﺪﻯ ﺍﻟﺤﺮﻛﻰ ﻟﻠ ﻮﺣﺪﺍ ﺕ ﺍﻟﺤﺎﻟﻴﻪ ﻋﻦ ﺍﻟﺴﺎﺑﻘﻪ ﻛﻠﻤﺎ ﻛﺎﻧﺖ ﺍﻻ ﺷﺎﺭﻩ ﻓﻰ ﻗ ﻮﻩ ﺍﻻﺗﺠﺎﻩ‬
‫‪m‬‬
‫ﺿﻌ ﻒ‬
‫ﻭ ﻫ ﻮ ﻣﺎ ﻳﺴﻤﻰ ﻗ ﻮﻩ ﺣﺮﻛﻪ ﺍﻟﺴﻌﺮ ﺳﻠﺒﻴﻪ ﻭﻳ ﻈﻬﺮ ﻓﻰ ﺑﺪﺍﻳﻪ ﺍﻟﺘ ﺼﺤﻴﺢ ﻭﺑﺪﺍﻳﻪ ﺍﻧﻌﻜﺎ ﺱ ﺍﻻﺗﺠﺎﻩ‬
‫‪-‬‬
‫‪ex‬‬

‫*******************************‬
‫‪ -3‬ﻋﻼ ﻗﻪ ﺍﻻﻏﻼ ﻕ ﺑﺎﻟﻤﺪﻯ ﺍﻟﺤﺮﻛﻰ‬
‫‪or‬‬

‫‪----------------------------------‬‬
‫ﻭﻫﻰ ﻣﻦ ﺍﻫﻢ ﺍﻟﺪﺭﺍ ﺳﺎ ﺕ ﺍﻟﺘﻰ ﺗﺤﺪﺩ ﻗ ﻮﻩ ﺍﻻﺗﺠﺎﻩ ﻓﻜﻤﺎ ﻧﻌﻠﻢ ﺍ ﻥ ﺍﻟﺴ ﻮ ﻕ ﻣﻠﺊ ﺑﺎﻟ ﺼﺮﺍﻉ ﺑﻴﻦ ﺟﺒﻬﺘﻴﻦ‬
‫‪.f‬‬

‫ﺟﺒﻬﻪ ﺍﻟﺒﺎﺋﻌﻴﻦ ﻭﺍﻟﺘﻰ ﺗﺸﺘﻬﺮ ﺑﺎﻟﺪﺑﺒﻪ ﻭﺟﺒﻪ ﺍﻟﻤﺸﺘﺮﻳﻦ ﺍﻟﺬﻯ ﻳﺴﻤﻰ ﺍﻟﺜﻴﺮﺍﻥ‬
‫‪w‬‬

‫ﻭ ﻫﺬﻩ ﺍﻻﺩﺍﻩ ﻣﻦ ﺍﺩ ﻭﺍ ﺕ ﺗﺤﻠﻴﻞ ﺍﻟ ﻮﺣﺪﻩ ﺍﻟﺴﻌﺮﻳﻪ ﺣﻴﺚ ﺗﻌ ﻄﻴﻨﺎ ﺍﻟﻘﺪﺭﻩ ﻋﻠﻰ ﺗﺤﺪﻳﺪ ﺍﻯ ﺍﻟﻘ ﻮﻩ‬
‫ﺍﻟﻤﺴﻴ ﻄﺮﻩ ﻋﻠﻰ‬
‫‪w‬‬

‫ﺍﻟﺴ ﻮ ﻕ‬
‫‪w‬‬

‫ﻫﻨﺎ ﻙ ﺛﻼ ﺙ ﺣﺎﻻ ﺕ‬

‫ﺍﻟﺤﺎﻟﻪ ﺍﻻ ﻭﻟﻰ ‪ :‬ﺳﻴ ﻄﺮﻩ ﺍﻟﺪﺑﺒﻪ‬

 ‫‪----------------------------------‬‬
‫ﻭﺗﻜ ﻮ ﻥ ﻋﻨﺪﻣﺎ ﻳﻜ ﻮ ﻥ ﺍﻻﻏﻼ ﻕ ﻓﻰ ﺍﻟﺜﻠﺚ ﺍﻻ ﺳﻔﻞ ﻣﻦ ﺍﻟﻤﺪﻯ ﺍﻟﺤﺮﻛﻰ‬
‫ﻭﻫﻰ ﺗ ﻮ ﺿﺢ ﺣﺎﻟﻪ ﺍﻟ ﺼﺮﺍﻉ ﺑﻴﻦ ﺍﻟﺪﺑﺒﻪ ﻭﺍﻟﺜﻴﺮﺍ ﻥ ﺍﻻ ﺍ ﻥ ﺗﻜ ﻮ ﻥ ﺍﻟﻐﻠﺒﻪ ﻟﻠﺪﺑﻪ ﻭﺗﻐﻠ ﻖ ﺍﻟﺸﻤﻌﻪ ﻫﺎﺑ ﻄﻪ‬
‫‪----------------------------------------------------‬‬
‫ﺍﻟﺤﺎﻟﻪ ﺍﻟﺜﺎﻧﻴﻪ ‪ :‬ﺳﻴ ﻄﺮﻩ ﺍﻟﺜﻴﺮﺍﻥ‬

‫‪om‬‬
‫‪---------------------------------‬‬
‫ﻭﺗﻜ ﻮ ﻥ ﻋﻨﺪﻣﺎ ﻳﻜ ﻮ ﻥ ﺍﻻﻏﻼ ﻕ ﻓﻰ ﺍﻟﺜﻠﺚ ﺍﻻﻋﻠﻰ ﻣﻦ ﺍﻟﻤﺪﻯ ﺍﻟﺤﺮﻛﻰ‬
‫ﻭﻫﻰ ﺗ ﻮ ﺿﺢ ﺣﺎﻟﻪ ﺍﻟ ﺼﺮﺍﻉ ﺑﻴﻦ ﺍﻟﺪﺑﺒﻪ ﻭﺍﻟﺜﻴﺮﺍ ﻥ ﺍﻻ ﺍ ﻥ ﺗﻜ ﻮ ﻥ ﺍﻟﻐﻠﺒﻪ ﻟﻠﺜﻴﺮﺍ ﻥ ﻭﺗﻐﻠ ﻖ ﺍﻟﺸﻤﻌﻪ ﺻﺎﻋﺪﻩ‬

‫‪.c‬‬
‫‪ow‬‬
‫‪--------------------------------------‬‬
‫ﺍﻟﺤﺎﻟﻪ ﺍﻟﺜﺎﻟﺜﻪ ‪ :‬ﺍﻟﺘ ﻮﺍﺯ ﻥ ﺑﻴﻦ ﺍﻟﺪﺑﺒﻪ ﻭﺍ ﻟﺜﻴﺮﺍ ﻥ‬
‫‪--------------------------------------------------‬‬

‫‪r‬‬
‫‪or‬‬
‫ﻭﺗﻜ ﻮ ﻥ ﻋﻨﺪﻣﺎ ﻳﻜ ﻮ ﻥ ﺍﻻﻏﻼ ﻕ ﻓﻰ ﺍﻟﺜﻠﺚ ﺍﻻ ﻭ ﺳ ﻂ ﻣﻦ ﺍﻟﻤﺪﻯ ﺍﻟﺤﺮﻛﻰ‬
‫ﻭﻫﻰ ﺗ ﻮ ﺿﺢ ﺣﺎﻟﻪ ﺍﻟ ﺼﺮﺍﻉ ﺑﻴﻦ ﺍﻟﺪﺑﺒﻪ ﻭﺍﻟﺜﻴﺮﺍ ﻥ ﺍﻻ ﺍ ﻥ ﻻ ﺍﺣﺪ ﻣﻨﻬﻢ ﺗﻜ ﻮ ﻥ ﻟﻪ ﺍﻟﻐﻠﺒﻪ‬
‫‪m‬‬

‫ﻭﻟﻜﻦ ﺗﻌﺘﻤﺪ ﺣﺎﻟﻪ ﺍﻟﺘ ﻮﺍﺯﻥ ﻋﻠﻰ ﺗﺤﺪﻳﺪ ﺍﻟﻌﻼ ﻗﻪ ﺑﻴﻦ ﺳﻌﺮ ﺍﻻ ﻓﺘﺘﺎﺡ ﻭ ﺳﻌﺮ ﺍﻻﻏﻼ ﻕ‬
‫‪-‬‬

‫‪ -1‬ﺍﺫﺍ ﻛﺎ ﻥ ﺳﻌﺮ ﺍﻻ ﻓﺘﺘﺎﺡ ﺍﻋﻠﻰ ﻣﻦ ﺳﻌﺮ ﺍﻻﻏﻼ ﻕ ﻛﺎ ﻥ ﺗ ﻮﺍﺯ ﻥ ﻫﺎﺑ ﻂ‬

‫‪ex‬‬

‫‪ -2‬ﺍﺫﺍ ﻛﺎ ﻥ ﺳﻌﺮ ﺍﻻﻏﻼ ﻕ ﺍﻋﻠﻰ ﻣﻦ ﺳﻌﺮ ﺍﻻ ﻓﺘﺘﺎﺡ ﻛﺎ ﻥ ﺗ ﻮﺍﺯ ﻥ ﺻﺎﻋﺪ‬

‫‪ -3‬ﺍﺫﺍ ﻛﺎ ﻥ ﺳﻌﺮ ﺍﻻﻏﻼ ﻕ ﻣﺴﺎ ﻭﻯ ﺍ ﻭ ﻗﺮﻳﺐ ﺟﺪﺍ ﺟﺪﺍ ﻣﻦ ﺳﻌﺮ ﺍﻻ ﻓﺘﺘﺎﺡ ﻛﺎ ﻥ ﺍﻟﺘ ﻮﺍﺯ ﻥ ﺳﻜ ﻮﻧﻰ‬
‫‪or‬‬

‫))ﺗﺬﺑﺬﺑﻰ((‬
‫ﻭ ﻫ ﻮ ﻣﺎ ﻳﺴﻤﻰ ﻧﻤ ﻮﺫﺝ ﺍﻟﺪ ﻭﺟﻰ‬
‫‪.f‬‬

‫‪Dojii‬‬
‫‪w‬‬

‫‪------------------------------ ---‬‬
‫‪ -4‬ﻋﻼ ﻗﻪ ﺍﻻﻏﻼ ﻕ ﺍﻟﺤﺎﻟﻰ ﺑﺎﻏﻼ ﻕ ﺍﻟ ﻮﺣﺪﻩ ﺍﻟﺴﻌﺮﻳﻪ ﺍﻟﺴﺎﺑﻘﻪ‬
‫‪w‬‬

‫‪---------------------------------------------------------------‬‬
‫ﻭﻫﻨﺎ ﻙ ﺣﺎﻟﺘﻴﻦ ﺭﺋﻴﺴﻴﻦ‬
‫‪w‬‬

‫ﺍﻻﻏﻼ ﻕ ﺍﻟ ﻮﺣﺪﻩ ﺍﻟﺤﺎﻟﻰ ﺍﻋﻠﻰ ﻣﻦ ﺍﻏﻼ ﻕ ﺍﻟ ﻮﺣﺪﻩ ﺍﻟﺴﺎﺑ ﻖ‬

‫ﻭ ﻫ ﻮ ﻳﺴﻤﻰ ﺍﻏﻼ ﻕ ﺻﺎﻋﺪ‬
 ‫ﺍ ﻭ ﺍ ﻥ ﺍﻻﻏﻼ ﻕ ﺍﻟ ﻮﺣﺪﻩ ﺍﻟﺤﺎﻟﻰ ﺍ ﻗﻞ ﻣﻦ ﺍﻏﻼ ﻕ ﺍﻟ ﻮﺣﺪﻩ ﺍﻟﺴﺎﺑﻘﻪ‬
‫ﻭ ﻫ ﻮ ﻳﺴﻤﻰ ﺍﻏﻼ ﻕ ﻫﺎﺑ ﻂ‬
‫************************** **************************‬
‫ﺍﻟﻔ ﺼﻞ ﺍﻟﺜﺎﻧﻰ‪ :‬ﺗﺤﻠﻴﻞ ﺍﻟﺴﻴ ﻮﻟﻪ‬
‫‪((Volume Analysisyy‬‬

‫‪om‬‬
‫‪--------------------------------------------------‬‬
‫ﻫﻰ ﻣﻦ ﺍ ﻫﻢ ﺍﻻﺩ ﻭﺍ ﺕ ﺍﻟﻤﺴﺘﺨﺪﻣﻪ ﻓﻰ ﺗﺤﻠﻴﻞ ﺍﻟﺴﻠ ﻮ ﻙ ﺍﻟﺴﻌﺮﻯ ﺣﻴﺚ ﺍﻧﻬﺎ ﺗﻨﻔﺮﺩ ﺑﺘ ﻮ ﺿﻴﺢ ﺍﻟﻜﺜﻴﺮ‬
‫ﻣﻦ ﺍﻻﻣ ﻮﺭ‬

‫‪.c‬‬
‫ﺍﻟﻐﺎﻣ ﻀﻪ ﺍﻟﺘﻰ ﺍﺣﻴﺎﻧﺎ ﺗﻌﺠﺰ ﻋﻨﻬﺎ ﺍﻧ ﻮﺍﻉ ﺍﻟﺘﺤﻠﻴﻞ ﺍﻻﺧﺮﻯ ﻣﻦ ﺗﻔﺴﻴﺮ ﻫﺎ ﺣﻴﺚ ﺍﻧﻬﺎ ﺗ ﻮ ﺿﺢ ﻛﻤﻴﻪ‬
‫ﺍﻟﻌﺮ ﺽ ﻭﺍﻟ ﻄﻠﺐ‬

‫‪ow‬‬
‫ﻓﻬﻰ ﺍﻟﻤﻘﻴﺎ ﺱ ﺍﻟﺬﻯ ﻳ ﻮ ﺿﺢ ﻟﻚ ﻫﻞ ﻛﺎ ﻥ ﻫﻨﺎ ﻙ ﻋﺮ ﺽ ﻓﻰ ﻫﺬﻩ ﺍﻟﻔﺘﺮﻩ ﺍﻡ ﻛﺎﻧﺖ ﻓﺘﺮﻩ ﻁﻠﺐ‬
‫ﻭ ﻫ ﻮ ﺍﻟﺸ ﻖ ﺍﻟﺜﺎﻧﻰ ﻣﻦ ﺗﻔﺴﻴﺮ ﺍﻟﺤﺮﻛﻪ ﺍﻟﺴﻌﺮﻳﻪ ﺑﻞ ﻫ ﻮ ﻣﺎ ﻳ ﻮ ﺿﺢ ﻟﻚ ﺳﺒﺐ ﻫﺬﻩ ﺍﻟﺤﺮﻛﻪ ﺍﻟﺴﻌﺮﻳﻪ‬
‫ﻭﻣﻌﻨﺎ ﻫﺎ‬

‫‪r‬‬
‫ﺍﻟﺨﻔﻰ‬
‫‪or‬‬
‫‪----------------------------------------------------------‬‬

‫**ﺗﻌﺮﻳ ﻒ ﺍﻟﻔ ﻮﻟﻴ ﻮﻡ**‬

‫‪m‬‬
‫‪Volume Analysis‬‬
‫‪-‬‬

‫‪------------------------------------‬‬
‫‪ex‬‬

‫ﻫﻰ ﻣﺠﻤ ﻮﻋﻪ ﺍﻻﻧﺸ ﻄﻪ ﺍﻟﺘﻰ ﺣﺪﺛﺖ ﺧﻼ ﻝ ﻓﺘﺮﻩ ﺯﻣﺎﻧﻴﻪ ﻣﻌﻴﻨﻪ ﻭﺍﻟﺘﻰ ﺗﻤﺜﻞ ﻛﻤﻴﻪ ﺍﻟﻌﺮ ﺽ ﻭﺍﻟ ﻄﻠﺐ‬
‫ﺧﻼ ﻝ ﺗﻠﻚ‬
‫‪or‬‬

‫ﺍﻟﻔﺘﺮﻩ ﻭﻋﻨﺪ ﻣﻘﺎﺭﻧﺘﻬﺎ ﺑﺎﻟﺒﻴﺎﻧﺎ ﺕ ﺍﻻﺧﺮﻯ ﻧﺴﺘ ﻄﻴﻊ ﺗﺤﺪﻳﺪ ﻫﻞ ﺍﻟﺴ ﻮ ﻕ ﻓﻰ ﺣﺎﻟﻪ ﻁﻠﺐ ﺍﻡ ﺣﺎﻟﻪ‬
‫ﻋﺮ ﺽ ﻣﻤﺎ‬
‫ﻳﺴﺎﻋﺪﻧﺎ ﻋﻠﻰ ﻣﻌﺮ ﻓﻪ ﻫﻠﻰ ﺍﻟﺴ ﻮ ﻕ ﻳﺰﺩﺍﺩ ﻗ ﻮﻩ ﺍ ﻭ ﺍﻟﺴ ﻮ ﻕ ﻳﺰﺩﺍﺩ ﺿﻌ ﻒ ﻭﺍﻟﺬﻯ ﺑﺪ ﻭﺭﻩ ﻳﺴﺎﻋﺪﻧﺎ ﻋﻠﻰ‬
‫‪.f‬‬

‫ﻗﺮﺍءﻩ ﺍﻟﺴ ﻮ ﻕ ﺑﻔﺎﻋﻠﻴﻪ ﺍﻛﺜﺮ ﻭﺑﺎﻟﺘﺎﻟﻰ ﺍﺗﺨﺎﺫ ﺍﻟﻘﺮﺍﺭﺍ ﺕ ﺑ ﺼ ﻮﺭﻩ ﺍﻛﺜﺮ ﻓﺎﻋﻠﻴﻪ ﺣﻴﺚ ﺍ ﻥ ﺍﻟﺴ ﻮ ﻕ ﻳﺘﻜ ﻮ ﻥ‬
‫‪w‬‬

‫ﻣﻦ ﻧ ﻮﻋﻴﻦ‬
‫‪w‬‬

‫‪1-Smart Money‬‬
‫‪w‬‬

‫ﻭﻫﻢ ﺍﻟﻤﺤﺮﻛﻴﻦ ﺍﻟﺮﺋﻴﺴﻴﻦ ﻟﻠﺴ ﻮ ﻕ ﻭﺍﻟﺬﻳﻦ ﻳﺘﺤﻜﻤ ﻮﺍ ﺑﺎﻟﺴ ﻮ ﻕ ﻟﺘﺤﻘﻴ ﻖ ﻣ ﺼﻠﺤﺘﻬﻢ ﻓﻰ ﺍﻟﻤﺰﻳﺪ ﻛﻢ‬
‫ﺍﻟﺮﺑﺢ ﻭﻳﺠﻌﻠ ﻮﺍ‬
‫ﺍﻟﻤﺘﺪﺍ ﻭﻟﻴﻦ ﺍﻻﺧﺮﻳﻦ ﻳﺘﺤﻤﻠ ﻮﺍ ﺍﻟﺨﺴﺎﺋﺮ ﻧﺘﻴﺠﻪ ﺍﻟ ﻄﻤ ﻊ ﺍﻟﺬﻯ ﻳﺨﻴﻢ ﻋﻠﻴﻬﻢ‬
 ‫‪2-The Herd people‬‬

‫ﻭﻫﻢ ﺍﻟﺴ ﻄﺤﻴﻴﻦ ﻭﺍﻟﺬﻳﻦ ﻳﻤﺜﻠ ﻮﺍ ﺍﻟﻐﺎﻟﺒﻴﻪ ﺍﻟﻌ ﻈﻤﻪ ﻣﻦ ﺍﻟﻤﺘﺪﺍ ﻭﻟﻴﻦ ﻭﺍﻟﺬﻳﻦ ﻳﻘﻌ ﻮﺍ ﻓﻰ ﺍﻟﻔﺨ ﻮﺥ ﺍﻟﺘﻰ‬
‫ﻳﻨ ﺼﺒﻬﺎ ﺻﻨﺎﻉ‬
‫ﺍﻟﺴ ﻮ ﻕ ﻭﺍﻟﺬﻳﻦ ﻳﺘﺤﻤﻠ ﻮﺍ ﺍﻟﺨﺴﺎﺋﺮ ﺩﺍﺋﻤﺎ ﻭﻻ ﻳﺮﺑﺢ ﻣﻨﻬﻢ ﺍﻻ ﺍﻟﻘﻠﻴﻠﻴﻦ ﺟﺪﺍ‬

‫‪om‬‬
‫********************************‬
‫**ﺗﺘﻤﺤ ﻮﺭ ﺩﺭﺍ ﺳﻪ ﺍﻟﻔ ﻮﻟﻴ ﻮﻡ ﻋﻠﻰ ﺗﺤﺪﻳﺪ ﺍﻣﺎﻛﻦ ﺍﻟ ﻀﻌ ﻒ ﻭﺍﻣﺎﻛﻦ ﺍﻟﻘ ﻮﻩ **‬
‫ﺑﻤﻌﻨﻰ ﺍﺧﺮ ﻫﻞ ﺍﻟﺴ ﻮ ﻕ ﻳﺰﺩﺍﺩ ﻗ ﻮﻩ ﺍﻯ ﺗﺰﺍﺩﺍﺩ ﻛﻤﻴﻪ ﺍﻟ ﻄﻠﺐ ﻋﻠﻴﻪ ﻭﺑﺎﻟﺘﺎﻟﻰ ﺗﺰﺩﺍﺩ ﺍﻻ ﺳﻌﺎﺭ‬

‫‪.c‬‬
‫ﺍﻡ ﺍﻟﺴ ﻮ ﻕ ﻓﻰ ﺣﺎﻟﻪ ﺿﻌ ﻒ ﺗﺰﺩﺍﺩ ﻛﻤﻴﻪ ﺍﻟﻌﺮ ﺽ ﻓﻴﻪ ﻭﺑﺎﻟﺘﺎﻟﻰ ﺗﻘﻞ ﺍﻻ ﺳﻌﺎﺭ ﻭﺫﻟﻚ ﺑﻨﺎء ﻋﻠﻰ‬
‫ﺍﻟﺨﻠﻔﻴﻪ ﺍﻟﺘﻰ‬

‫‪ow‬‬
‫ﻭ ﺿﻌﻨﺎ ﻫﺎ ﻋﻠﻰ ﺍ ﺳﺎ ﺱ ﺣﺮﻛﻪ ﺍﻟﺴ ﻮ ﻕ‬
‫‪-------------------------- ----------‬‬
‫** ﻗ ﻮﺍﻋﺪ ﻋﺎﻣﻪ**‬

‫‪r‬‬
‫‪or‬‬
‫‪..........................‬‬
‫‪ -1‬ﻣ ﻈﺎ ﻫﺮ ﺍﻟ ﻀﻌ ﻒ ﺗ ﻈﻬﺮ ﻓﻰ ﺍﻟ ﺼﻌ ﻮﺩ ﻭﻣ ﻈﺎﻫﺮ ﺍﻟﻘ ﻮﻩ ﺗ ﻈﻬﺮ ﻓﻰ ﺍﻟﻬﺒ ﻮ ﻁ‬
‫‪m‬‬
‫‪ -2‬ﺩﺭﺍ ﺳﻪ ﻣ ﻈﺎﻫﺮ ﺍﻟ ﻀﻌ ﻒ ﺍ ﻭ ﺍﻟﻘ ﻮﻩ ﻳﺠﺐ ﺍ ﻥ ﺗﺎﺗﻰ ﻋﻠﻰ ﺷﻜﻞ ﺗﺴﻠﺴﻠﻰ‬
‫‪ -3‬ﻣﻌﺎﻧﻰ ﻣ ﻈﺎ ﻫﺮ ﺍﻟ ﻀﻌ ﻒ ﻭﺍﻟﻘ ﻮﻩ ﺗﺨﺘﻠ ﻒ ﺑﺎﺧﺘﻼ ﻑ ﺧﻠﻔﻴﺘﻬﺎ ﻭﺍﻟﺴﻠ ﻮ ﻙ ﺍﻟﻤﺤﻴ ﻂ ﺑﻬﺎ‬
‫‪-‬‬
‫‪ex‬‬

‫‪ -4‬ﻣﻨﺎ ﻁ ﻖ ﻋﺎﻟﻴﻪ ﺍﻟﻔﻠﻴ ﻮﻡ ﻣﻦ ﺍﻟﻤﻬﻢ ﺩﺭﺍ ﺳﻪ ﺍﻟﺴﻌﺮ ﻋﻨﺪ ﺍﻟﻌ ﻮﺩﻩ ﺍﻟﻴﻬﺎ ﻭﺗﺤﺪﻳﺪ ﻫﻞ ﻫﻨﺎ ﻙ ﻣ ﻈﺎﻫﺮ‬
‫ﺿﻌ ﻒ ﺍﻡ ﻗ ﻮﻩ‬
‫‪ -5‬ﻳﺠﺐ ﺍ ﻥ ﻧﺘﺴﺨﺪﻡ ﺍﻛﺜﺮ ﻣﻦ ﻓﺘﺮﻩ ﺯﻣﺎﻧﻴﻪ ﺣﺘﻰ ﺗﻜ ﻮ ﻥ ﺍﻟﻘﺮﺍءﻩ ﺩ ﻗﻴﻘﻪ‬
‫‪or‬‬

‫‪ -6‬ﻣ ﻈﺎ ﻫﺮ ﺍﻟ ﻀﻌ ﻒ ﻭﺍﻟﻘ ﻮﻩ ﻳﺠﺐ ﺍﻋﺎﺩﻩ ﺍﺧﺘﺒﺎﺭ ﻫﺎ ﻗﺒﻞ ﺍﻟﺪﺧ ﻮ ﻝ ﺣﺘﻰ ﻳﻜ ﻮ ﻥ ﺩﺧ ﻮ ﻝ ﺍﻣﺎ ﻥ‬

‫‪---------------‬‬ ‫‪-----------------------------‬‬
‫‪.f‬‬

‫**ﺗﻌﺮﻳ ﻒ ﺍﻟﺨﻠﻔﻴﻪ**‬
‫‪w‬‬

‫‪The Background study‬‬

‫‪-----------------------------‬‬
‫‪w‬‬

‫ﻫ ﻮ ﻋﺒﺎﺭﻩ ﻋﻦ ﺩﺭﺍ ﺳﻪ ﻣﺠﻤ ﻮﻋﻪ ﺍﻟﻨﺸﺎ ﻁﺎ ﺕ ﺍﻟﺴﺎﺑﻘﻪ‬

‫‪w‬‬

‫ﻟﻤ ﻈﻬﺮ ﺍﻟ ﻀﻌ ﻒ ﺍ ﻭ ﺍﻟﻘ ﻮﻩ ﺍﻟﺤﺪﻳﺚ ﻟﺘﺤﺪﻳﺪ ﺣﺎﻟﻪ ﺗﻤﺎ ﺳﻚ ﺍﻟﺴ ﻮ ﻕ‬

‫ﺣﻴﺚ ﻛﻤﺎ ﺫﻛﺮﻧﺎ ﻓﻰ ﺍﻟﻘ ﻮﺍﻧﻴﻦ ﺍ ﻥ ﻣ ﻈﺎ ﻫﺮ ﺍﻟ ﻀﻌ ﻒ ﻭﺍﻟﻘ ﻮﻩ ﺗﺎﺗﻰ ﻋﻠﻰ ﺷﻜﻞ ﺗﺴﻠﺴﻞ‬
‫ﻓﺒﺎﺧﺘﻼ ﻑ ﻧ ﻮﻉ ﺍﻟﺨﻠﻔﻴﻪ ﻣﻦ ﺣﻴﺚ ﺍﻧﻬﺎ ﺿﻌﻴﻔﻪ ﺍ ﻭ ﻗ ﻮﻳﻪ ﺗﺎﺛﺮ ﻋﻠﻰ ﺍﻟﻘﺮﺍءﻩ ﺍﻟﺤﺎﻟﻴﻪ ﻭﺍﻟﺘ ﻮ ﻗﻊ‬
‫ﺍﻟﻤﺴﺘﻘﺒﻠﻰ‬
 ‫ﻟﺤﺮﻛﻪ ﺍﻟﺴﻴ ﻮﻟﻪ ﺍﻟﺴﻌﺮﻳ ﻪ ﺍﻟﺘﻰ ﺗ ﻈﻬﺮ ﻓﻰ ﻣ ﻈﺎ ﻫﺮ ﺿﻌ ﻒ ﺍ ﻭ ﻗ ﻮﻩ‬

‫*************************‬

‫**ﻧﻤﺎﺫﺝ ﺩﺭﺍ ﺳﻪ ﺍﻟﺴﻴ ﻮﻟﻪ**‬

‫‪om‬‬
‫‪Volume Spread analysis‬‬

‫‪-------------------------------------------------‬‬

‫‪.c‬‬
‫‪1-NO D/S Test‬‬

‫‪r‬‬ ‫‪ow‬‬
‫‪or‬‬
‫‪-‬‬ ‫‪m‬‬
‫‪ex‬‬
‫‪or‬‬

‫‪------------------------------‬‬
‫‪.f‬‬

‫‪-----------------------‬‬
‫‪w‬‬

‫ﻫ ﻮ ﻋﺒﺎﺭﻩ ﻋﻦ ﺑﺎﺭ ﺿﻌﻴ ﻒ ﺍﻟﻤﺪﻯ ﺫ ﻭ ﻓ ﻮﻟﻴ ﻮﻡ ﻣﻨﺨﻔ ﺾ ﻭﻳﻜ ﻮ ﻥ ﺫ ﻭ ﺍﻏﻼ ﻕ ﻗﺮﻳﺐ ﻣﻦ ﺍﻟﻤﻨﺘ ﺼ ﻒ‬
‫ﻳﺎﺗﻰ ﺑﻌﺪ ﻣ ﻈﻬﺮ ﺿﻌ ﻒ ﺍ ﻭ ﻗ ﻮﻩ ﻟﺘﺎﻛﻴﺪ ﻫﺬﺍ ﺍﻟﻤ ﻈﻬﺮ‬
‫‪w‬‬

‫**ﻣﻼﺣ ﻈﻪ‪ :‬ﻏﺎﻟﺒﺎ ﻳﻜ ﻮ ﻥ ﺍﻟﻔ ﻮﻟﻴ ﻮﻡ ﻟﺪﻳﻪ ﺍ ﻗﻞ ﻣﻦ ﺍﺛﻨﻴﻦ ﻓ ﻮﻟﻴ ﻮﻡ ﺳﺎﺑﻘﻴﻦ**‬

‫ﻛﻴ ﻒ ﻧﺘﺎﻛﺪ ﺍﻧﻪ‬
‫‪w‬‬

‫? ‪NO D/S Test‬‬

‫‪----------------------------‬‬

‫‪ -1‬ﻳﻜ ﻮ ﻥ ﻗﺒﻠﻪ ﻣ ﻈﻬﺮ ﻗ ﻮﻩ ﺍ ﻭ ﺿﻌ ﻒ ﻗ ﻮﻯ‬

 ‫ﺍﺫﺍ ﻛﺎ ﻥ ﻣ ﻈﻬﺮ ﻗ ﻮﻩ ﻳﻜ ﻮ ﻥ‬
‫‪No Demand test‬‬

‫ﺍﻣﺎ ﺍﺫﺍ ﻛﺎ ﻥ ﻣ ﻈﻬﺮ ﺿﻌ ﻒ ﻳﻜ ﻮ ﻥ‬

‫‪No Supply test‬‬

‫‪ -2‬ﻳﻜ ﻮ ﻥ ﻗﺮﻳﺐ ﻣﻦ ﻣﺴﺘ ﻮﻳﺎ ﺕ ﻋﺎﻟﻴﻪ ﺍﻟﻔ ﻮﻟﻴ ﻮ ﻡ‬

‫‪om‬‬
‫‪ -3‬ﺍﻟﺒﺎﺭ ﺍﻟﻤﺴﺘﻘﺒﻠﻰ ﻳﺠﺐ ﺍ ﻥ ﻳﻜ ﻮ ﻥ ﻋﺎﻟﻰ ﺍﻟﻔ ﻮﻟﻴ ﻮﻡ ﻣﻘﺎﺭﻧﻪ ﻣﻌﻪ ﻭ ﻳﻜ ﻮ ﻥ ﻓﻰ ﺍﺗﺠﺎﻩ ﺍﻟ ﻀﻌ ﻒ ﺍ ﻭ‬
‫ﺍﻟﻘ ﻮﻩ ﺍﻟﺴﺎﺑ ﻖ ﻟﻪ‬

‫‪.c‬‬
‫**********************‬

‫‪ow‬‬
‫‪2-Lack of S/D‬‬

‫‪----------------------------------------‬‬

‫‪r‬‬
‫‪or‬‬
‫‪-‬‬ ‫‪m‬‬
‫‪ex‬‬
‫‪or‬‬
‫‪.f‬‬
‫‪w‬‬

‫‪-----------------------------‬‬
‫* ﻫ ﻮ ﻋﺒﺎﺭﻩ ﻋﻦ ﺑﺎﺭ ﺿﻌﻴ ﻒ ﺍﻟﻤﺪﻯ ﺫﻭ ﻓ ﻮﻟﻴ ﻮﻡ ﻣﻨﺨﻔ ﺾ ﻭﺍﻏﻼ ﻕ ﺍ ﻗﺮ ﺏ ﺍﻟﻰ ﺍﻟﻤﻨﺘ ﺼ ﻒ ﻏﺎﻟﺒﺎ ﻳﺎﺗﻰ‬
‫‪w‬‬

‫ﻓﻰ ﺑﺪﺍﻳﻪ ﺍﻻﺗﺠﺎﻩ ﺍﻟ ﺼﺎﻋﺪ ﻭﻳﺴﻤﻰ‬

‫‪w‬‬

‫‪Lack of Supply‬‬

‫ﻭ ﻓﻰ ﺍﺗﺠﺎﻩ ﻫﺎﺑ ﻂ ﻳﺴﻤﻰ‬

‫‪Lack of Demand‬‬

‫* ﻭ ﻫ ﻮ ﻳﺎﺗﻰ ﻓﻰ ﺑﺪﺍﻳﻪ ﺍﻟﻬﺒ ﻮ ﻁ ﺍﻭ ﺑﺪﺍﻳﻪ ﺍﻟ ﺼﻌ ﻮﺩ‬

 ‫‪-----------------------‬‬

‫ﻛﻴ ﻒ ﻧﺘﺎﻛﺪ ﺍﻧﻪ‬

‫?‪Lack of S/D‬‬

‫‪---------------------‬‬

‫‪om‬‬
‫‪ -1‬ﻓﻰ ﺍﻻﺗﺠﺎﻩ ﺍﻟ ﺼﺎﻋﺪ ﻳﻜ ﻮ ﻥ ﻫﻨﺎ ﻙ ﺻﻌ ﻮﺩ ﻣﻨﺎ ﺳﺐ‬
‫ﺛﻢ ﻳﺎﺗﻰ ﻓﻰ ﺑﺪﺍﻳﻪ ﺍﻟﺘﺮﻧﺢ ﻟﻬﺬﺍ ﺍﻻﺗﺠﺎﻩ ﺣﻴﺚ ﻳﻜ ﻮ ﻥ ﻫﻨﺎ ﻙ ﺿﻐ ﻒ ﻓﻰ ﺿﻐ ﻂ ﺍﻟﺸﺮء‬

‫‪.c‬‬
‫‪Lack of Buying pressure‬‬

‫ﻭ ﻫ ﻮ ﻋﻼﻣﻪ ﺿﻌ ﻒ ﻓﻰ ﺍﻻﺗﺠﺎﻩ ﺍﻟ ﺼﺎﻋﺪ‬

‫‪ow‬‬
‫ﻭ ﻓﻰ ﺍﻻﺗﺠﺎﻩ ﺍﻟﻬﺎﺑ ﻂ ﻳﻜ ﻮ ﻥ ﻫﻨﺎ ﻙ ﻫﺒ ﻮ ﻁ ﻣﻨﺎ ﺳﺐ‬
‫ﺛﻢ ﻳﺎﺗﻰ ﻓﻰ ﺑﺪﺍﻳﻪ ﺍﻟﺘﺮﻧﺢ ﻟﻬﺬﺍ ﺍﻻﺗﺠﺎﻩ ﺣﻴﺚ ﻳﻜ ﻮ ﻥ ﻫﻨﺎ ﻙ ﺿﻌ ﻒ ﻓﻰ ﺿﻐ ﻂ ﺍﻟﺒﻴﻊ‬
‫‪Lack of Selling pressure‬‬

‫‪r‬‬
‫ﻭ ﻫ ﻮ ﻋﻼﻣﻪ ﺿﻌ ﻒ ﻓﻰ ﺍﻻﺗﺠﺎﻩ ﺍﻟﻬﺎﺑ ﻂ‬
‫‪or‬‬
‫‪m‬‬
‫‪ -2‬ﺍﻟﺒﺎﺭ ﺍﻟﻘﺎﺩﻡ ﻟﻪ ﻳﻜ ﻮ ﻥ ﻏﺎﻟﺒﺎ ﻓﻰ ﻋﻜ ﺲ ﺍﻻﺗﺠﺎﻩ ﺍﻭ ﻭﻣ ﻈﻬﺮ ﻣﻦ ﻣ ﻈﺎﻫﺮ ﺍﻟﻘ ﻮﻩ ﺍ ﻭ ﺍﻟ ﻀﻌ ﻒ )ﺣﺴﺐ‬
‫ﺍﻻﺗﺠﺎﻩ (‬
‫‪-‬‬
‫‪ex‬‬

‫*********************‬
‫‪or‬‬

‫‪3-Climax Buy / sell‬‬

‫‪---------------------------------‬‬
‫‪.f‬‬
‫‪w‬‬
‫‪w‬‬
‫‪w‬‬

‫‪--------------------------‬‬
‫ﻫ ﻮ ﻋﺒﺎﺭﻩ ﻋﻦ ﺑﺎﺭ ﺫﻭ ﺳﺒﺮﻳﺪ ﻋﺎﻟﻰ ﻭﻟﻜﻨﻪ ﺍ ﻗﻞ ﻣﻦ ﺍﻟﺒﺎﺭ ﺍﻟﺴﺎﺑ ﻖ ﻭﺍﻟﻔ ﻮﻟﻴ ﻮﻡ ﻟﺪﻳﻪ ﺍﻛﺒﺮ ﻣﻦ ﺍﻟﻔ ﻮﻟﻴ ﻮﻡ‬
‫ﺍﻟﺴﺎﺑ ﻖ‬
‫ﻭﺍﻏﻼ ﻗﻪ ﻓﻰ ﺍﻟﻤﻨﺘ ﺼ ﻒ‬
‫ﻓﺎﺫﺍ ﺟﺎء ﻓﻰ ﺍﺗﺠﺎﻩ ﺻﺎﻋﺪ ﻛﺎ ﻥ‬
‫‪Climax Buy‬‬

‫‪om‬‬
‫ﻭ ﻫ ﻮ ﺑﺪﺍﻳﻪ ﺿﻌ ﻒ ﻓﻰ ﺍﻻﺗﺠﺎﻩ ﺍﻟ ﺼﺎﻋﺪ‬

‫ﻭﺍﺫﺍ ﻛﺎء ﻓﻰ ﺍﻻﺗﺠﺎﻩ ﺍﻟﻬﺎﺑ ﻂ ﻛﺎ ﻥ‬

‫‪.c‬‬
‫‪Climax sell‬‬

‫ﻭ ﻫ ﻮ ﺑﺪﺍﻳﻪ ﺿﻌ ﻒ ﻓﻰ ﺍﻻﺗﺠﺎﻩ ﺍﻟﻬﺎﺑ ﻂ‬

‫‪ow‬‬
‫ﻛﻴ ﻒ ﻧﺘﺎﻛﺪ ﺍﻧﻪ‬

‫‪r‬‬
‫?‪Climax Buy /sell‬‬
‫‪or‬‬
‫‪----------------------------------‬‬

‫ﻏﺎﻟﺒﺎ ﻳﺎﺗﻰ ﺍﻟﺒﺎﺭ ﺍﻟﻘﺎﺩﻡ ﺍﻣﺎ ﻣﻦ ﻧ ﻮﻉ‬

‫‪m‬‬
‫‪Lack of D/S‬‬

‫ﺍ ﻭ ﻋﻼﻣﻪ ﻣﻦ ﻋﻼﻣﺎ ﺕ ﺍﻟ ﻀﻌ ﻒ ﺍ ﻭ ﺍﻟﻘ ﻮﻩ ﺍﻻﺧﺮﻯ‬

‫‪-‬‬
‫‪ex‬‬

‫ﻭﻏﺎﻟﺒﺎ ﺑﻌﺪ ﺫﻟﻚ ﻳﺎﺗﻰ ﻧﻤ ﻮﺫﺝ‬

‫‪No D/S test‬‬

‫ﻟﺘﺎﻛﻴﺪ ﺍﻟﺮ ﺅﻳﻪ‬

‫‪or‬‬

‫**ﻣﻼﺣ ﻈﻪ ﻫﺎﻣﻪ**‬
‫‪Climax Buy /sell‬‬
‫‪.f‬‬

‫ﻻﻳﺎﺗﻰ ﻋﻨﺪ ﻣﺴﺘ ﻮﻯ ﻗﻤﻪ ﺍ ﻭ ﻗﺎﻉ ﻧﺘﻴﺠﻪ ﺗﺬﺑﺬ ﺏ ﺳﺎﺑ ﻖ ﻗﺮﻳﺒﻪ ﻣﻨﻪ‬
‫‪w‬‬

‫ﻭﺍ ﻥ ﺣ ﺼﻞ ﺗﺴﻤﻰ ﻫﺬﻩ ﺍﻟﺤﺎﻟﻪ‬

‫‪w‬‬

‫‪D/S Coming in‬‬

‫ﺍﻯ ﺩﺧ ﻮ ﻝ ﻋﺮ ﺽ ﺍ ﻭ ﻁﻠﺐ ﺍﻟﺴ ﻮ ﻕ ﻓﻰ ﻣﺴﺘ ﻮﻳﺎ ﺕ ﻛﺎ ﻥ ﺍﻟﺴ ﻮ ﻕ ﺣﺴﺎ ﺱ ﻓﻴﻬﺎ ﻣﻦ ﻗﺒﻞ‬

‫‪w‬‬

‫**************‬
 ‫‪4-Push thru D/S Effort‬‬

‫‪--------------------------------‬‬

‫‪om‬‬
‫‪.c‬‬
‫‪r‬‬ ‫‪ow‬‬
‫‪-----------------------------‬‬
‫‪or‬‬
‫ﻫ ﻮ ﺑﺎﺭ ﺫ ﻭ ﺳﺒﺮﻳﺪ ﻭﺍ ﺳﻊ ﻭ ﻓ ﻮﻟﻴ ﻮﻡ ﺍﻋﻠﻰ ﻣﻦ ﺍﻟﺴﺎﺑ ﻖ ﻭﻟﻜﻦ ﻟﻴ ﺲ ﻋﺎﻟﻰ ﺟﺪﺍ‬
‫ﻭﻳ ﻈﻬﺮ ﻏﺎﻟﺒﺎ ﻋﻨﺪ ﻛﺴﺮ ﻣﺴﺘ ﻮﻳﺎ ﺕ ﻁﻠﺐ ﺍ ﻭ ﻋﺮ ﺽ ﺍ ﻭ ﺑﻌﺪ ﺍﺧﺘﺒﺎﺭ ﻟﻤﺴﺘ ﻮﻳﺎ ﺕ ﺳﺎﺑﻘﻪ‬
‫‪-‬‬ ‫‪m‬‬

‫ﻛﻴ ﻒ ﻧﺘﺎﻛﺪ ﺍﻧﻪ‬

‫‪ex‬‬

‫?‪Push thru D/S Effort‬‬

‫‪----------------------------‬‬
‫‪or‬‬

‫ﻫﻨﺎ ﻙ ﺣﺎﻟﺘﻴﻦ ‪:‬‬

‫‪.f‬‬

‫‪ -1‬ﺍﻟﺒﺎﺭ ﺍﻟﻘﺎﺩﻡ ﻟﻪ ﻳﻜ ﻮ ﻥ‬
‫‪w‬‬

‫‪NO D/S test‬‬

‫‪ -2‬ﺍﻟﺒﺎﺭ ﺍﻟﻘﺎﺩﻡ ﻓﻰ ﻧﻔ ﺲ ﺍﺗﺠﺎﻩ ﻟﻪ ﺫﻳﻞ ﺳﻔﻠﻰ ﻭﺍﻏﻼ ﻗﻪ ﻓ ﻮ ﻕ ﺍﻟﺒﺎﺭ ﺍﻟﺴﺎﺑ ﻖ ﺍﺫﺍ ﻛﺎ ﻥ ﺍﻻﺗﺠﺎﻩ ﺻﺎﻋﺪ‬
‫‪w‬‬

‫ﺍ ﻭ ﻫﺎﺑ ﻂ ﺗﺤﺖ ﺍﻟﺒﺎﺭ ﺍﻟﺴﺎﺑ ﻖ ﺍﺫﺍ ﻛﺎ ﻥ ﺍﻻﺗﺠﺎﻩ ﻫﺎﺑ ﻂ‬

‫‪w‬‬

‫‪----------------------‬‬ ‫‪-----------------‬‬
 ‫‪5-Stoping Volume‬‬

‫‪-----------------------------------‬‬

‫‪om‬‬
‫‪.c‬‬
‫‪w‬‬
‫‪ro‬‬
‫‪or‬‬ ‫‪-----------------------------‬‬
‫ﻫ ﻮ ﻋﺒﺎﺭﻩ ﻋﻦ ﺑﺎﺭ ﻭﺍ ﺳﻊ ﺍﻟﻤﺪﻯ ﺍﻏﻼ ﻗﻪ ﻓﻰ ﺍﻟﺜﻠﺚ ﺍﻻ ﺳﻔﻞ ﻭﺍﻟﻔ ﻮﻟﻴﻢ ﺍﻋﻠﻰ ﻣﻦ ﺍﺛﻨﻴﻦ ﺳﺎﺑﻘﻴﻦ‬
‫‪-m‬‬

‫ﻭﻳﺎﺗﻰ ﺑﻌﺪﻩ ﺑﺎﺭ ﻣﻌﺎﻛ ﺲ ﻟﻪ ﻓﻰ ﺍﻻﺗﺠﺎﻩ ﺫ ﻭ ﺍﻏﻼ ﻕ ﻣﺮﺗﻔﻊ ﻭ ﻓ ﻮﻟﻴ ﻮﻡ ﻋﺎﻟﻰ‬

‫‪ex‬‬

‫ﻛﻴ ﻒ ﻧﺘﺎﻛﺪ ﺍﻧﻪ‬

‫‪or‬‬

‫‪Stoping Volume‬‬

‫‪----------------------------‬‬
‫‪.f‬‬

‫ﺍﻟﺒﺎﺭ ﺍﻟﺜﺎﻟﺚ ﻳﻜ ﻮ ﻥ ﺍﻏﻼ ﻗﻪ ﺍﻋﻠﻰ ﻣﻦ ﺍﻏﻼ ﻕ ﺍﻟﺒﺎﺭ ﺍﻟﺜﺎﻧﻰ ﻟﺘﺎﻛﻴﺪ ﺑﺪﺍﻳﻪ ﺍﻟ ﺼﻌ ﻮﺩ‬
‫ﻭ ﻫ ﻮ ﺑﺎﺭ ﺗﻔﺮﻳﻎ‬
‫‪w‬‬

‫‪absorption volume‬‬
‫‪w‬‬

‫ﻭ ﻫﺬﻩ ﺍﻟﺤﺎﻟﻪ ﺗﺴﻤﻰ‬

‫‪The Panic of selling‬‬
‫‪w‬‬

‫** ﻣﻼﺣ ﻈﻪ ﻳﺎﺗﻰ ﻓﻰ ﺍﻻﺗﺠﺎﻩ ﺍﻟﻬﺎﺑ ﻂ ﻓﻜ ﻮ ﻥ ﺑﺪﺍﻳﻪ ﻟﻌﻤﻠﻴﻪ ﺗﺠﻤﻴﻊ ﺷﺮﺍﺋﻰ ﻭﺑﺪﺍﻳﻪ ﺍﻟ ﺼﻌ ﻮﺩ**‬
‫**************************‬
 ‫‪6-Upthrust /DownThrust‬‬

‫‪Trap‬‬

‫‪om‬‬
‫‪------------------------------------‬‬

‫‪.c‬‬
‫‪w‬‬
‫‪ro‬‬
‫‪or‬‬
‫‪-m‬‬
‫‪ex‬‬

‫‪----------------------‬‬
‫‪or‬‬

‫ﻫ ﻮ ﻋﺒﺎﺭﻩ ﻋﻦ ﺑﺎﺭ ﻭﺍ ﺳﻊ ﺍﻟﻤﺪﻯ ﻭﻳﻜ ﻮ ﻥ ﻣﺒﺘﻠﻊ ﻟﺒﺎﺭ ﺳﺎﺑ ﻖ ﻏﺎﻟﺒﺎ‬

‫ﺍﻏﻼ ﻗﻪ ﻗ ﻮﻯ ﻭﻳﻜ ﻮ ﻥ ﻋﻜ ﺲ ﺍﻻﺗﺠﺎﻩ ﻟﻠﺒﺎﺭ ﺍﻟﺴﺎﺑ ﻖ ﻟﻪ ﻭﺫ ﻭ ﻓ ﻮﻟﻴ ﻮﻡ ﻋﺎﻟﻰ ﺟﺪﺍ‬
‫‪.f‬‬
‫‪w‬‬

‫ﻛﻴ ﻒ ﻧﺘﺎﻛﺪ ﺍﻧﻪ‬

‫‪Upthrust /DownThrust‬‬
‫‪w‬‬

‫‪Trap‬‬

‫‪---------------------‬‬
‫‪w‬‬

‫ﺍﻏﻼ ﻕ ﺑﺎﺭ ﺑﻌﺪ ﺑﻤﺪﻯ ﻭﺍ ﺳﻊ ﻭ ﻓ ﻮﻟﻴ ﻮﻡ ﻗ ﻮﻯ‬

‫ﻭﺍﺣﻴﺎﻧﺎ ﻳﻜ ﻮ ﻥ ﺑﻌﺪ ﺑﺎﺭ ﻣﻦ ﻧ ﻮﻉ ﻋﺪﻳﻢ ﺍﻟ ﻄﻠﺐ ﺍ ﻭ ﺍﻟﻌﺮ ﺽ‬
‫***************************‬
 ‫‪7-Squat Bar‬‬

‫‪om‬‬
‫‪.c‬‬
‫‪r‬‬ ‫‪ow‬‬
‫‪or‬‬
‫‪m‬‬
‫‪---------------------‬‬
‫‪-‬‬
‫‪ex‬‬

‫‪--------------------------‬‬
‫ﻭ ﻫ ﻮ ﻋﺒﺎﺭﻩ ﻋﻦ ﺑﺎﺭ ﺿﻴ ﻖ ﺍﻟﻤﺪﻯ ﺫ ﻭ ﻓ ﻮﻟﻴ ﻮﻡ ﻋﺎﻟﻰ ﺟﺪﺍ ﺍﻏﻼ ﻗﻪ ﺍﻋﻠﻰ ﻣﻦ ﺍﻟﻤﻨﺘ ﺼ ﻒ ﻏﺎﻟﺒﺎ‬
‫‪or‬‬

‫ﻭﻳﻜ ﻮ ﻥ ﻓﻰ ﻧﻔ ﺲ ﺍﻻﺗﺠﺎﻩ ﺍﻟﺴﺎﺑ ﻖ ﻟﻪ‬

‫‪.f‬‬
‫‪w‬‬

‫ﻛﻴ ﻒ ﻧﺘﺎﻛﺪ ﺍ ﻥ‬
‫‪Squat Bar‬‬
‫‪w‬‬

‫‪---------------------‬‬

‫ﻳﺎﺗﻰ ﺩﺍﺋﻤﺎ ﺑﻌﺪ ﻧﻤﺎﺫﺝ‬

‫‪w‬‬

‫‪Lack of S/D‬‬

‫ﻭﻳﻜ ﻮ ﻥ ﺍﻟﺒﺎﺭ ﺍﻟﻘﺎﺩﻡ ﺫ ﻭ ﺍﻏﻼ ﻕ ﺍﻋﻠﻰ ﻓﻰ ﺣﺎﻟﻪ ﺍﻻﺗﺠﺎﻩ ﺍﻟ ﺼﺎﻋﺪ ﺍ ﻭ ﻫﺎﺑ ﻂ ﻓﻰ ﺣﺎﻟﻪ ﺍﻻﺗﺠﺎﻩ ﺍﻟﻬﺎﺑ ﻂ‬
‫ﻭﻳﻜ ﻮ ﻥ ﺍﻟﻔ ﻮﻟﻴ ﻮﻡ ﻣﻨﺎ ﺳﺐ ﻭﻏﺎﻟﺒﺎ ﻳﺎﺗﻰ ﺑﻌﺪﻩ ﺑﺎﺭ ﺻﻐﻴﺮ ﺍﻟﻤﺪﻯ ﻭ ﺿﻌﻴ ﻒ ﺍﻟﻔ ﻮﻟﻴ ﻮﻡ ﻟﺘﺎﻛﻴﺪ ﺍﺧﺘﺒﺎﺭ‬
 ‫**************************‬

‫‪om‬‬
‫‪Climax Acton /Climatc Acton -8‬‬

‫‪.c‬‬
‫‪r‬‬ ‫‪ow‬‬
‫‪or‬‬
‫‪m‬‬

‫‪-------------------------------------------‬‬
‫‪-‬‬
‫‪ex‬‬

‫‪------------------------‬‬
‫‪or‬‬

‫ﻭ ﻫ ﻮ ﻋﺒﺎﺭﻩ ﻭﺍ ﺳﻊ ﺍﻟﻤﺪﻯ ﺟﺪﺍ ﻭﺫ ﻭ ﻓ ﻮﻟﻴ ﻮﻡ ﻋﺎﻟﻰ ﺟﺪﺍ ﺟﺪﺍ‬

‫‪Ultra Volume‬‬
‫‪.f‬‬

‫ﻭﺍﻻﻋﻼ ﻕ ﻳﻜ ﻮ ﻥ ﻗﺮﻳﺐ ﻣﻦ ﺍﻟﻤﻨﺘ ﺼ ﻒ‬

‫‪w‬‬

‫ﻭﺍﻟﺒﺎﺭ ﺍﻟﻘﺎﺩﻡ ﻳﻜ ﻮ ﻥ ﻋﻜﺴﻪ ﻓﻰ ﺍﻻﺗﺠﺎﻩ ﺫ ﻭ ﻓ ﻮﻟﻴ ﻮﻡ ﺟﻴﺪ‬

‫ﻭﻳﺮﺟﻊ ﺫﻟﻚ ﻟﺪﺧ ﻮ ﻝ ﻋﺮ ﺽ ﺍ ﻭ ﻁﻠﺐ ﻣﻦ ﻗﺒﻞ ﺍﻟﻤﺤﺘﺮﺍ ﻓﻴﻴﻦ ﻳ ﻈﻬﺮ ﺑﻌﺪ ﺍﺗﺠﺎﻩ ﻋﻨﻴ ﻒ ﻭﻳ ﻈﻬﺮ ﻁﻠﺒﻬﻢ ﺍ ﻭ‬
‫‪w‬‬

‫ﻋﺮ ﺿﻬﻢ‬
‫))ﺣﺴﺐ ﻧ ﻮﻉ ﺍﻻﺗﺠﺎﻩ(( ﻭﻳ ﻈﻬﺮ ﺫﻟﻚ ﺑﻌﺪ ﺍﻏﻼ ﻕ ﺍﻟﺒﺎﺭ ﺍﻟﻘﺎﺩﻡ ﻟﻪ‬
‫‪w‬‬

‫***********************‬
 ‫‪om‬‬
‫‪Reversal volume -9‬‬

‫‪.c‬‬
‫‪---------------------‬‬

‫‪r‬‬ ‫‪ow‬‬
‫‪or‬‬
‫‪-‬‬ ‫‪m‬‬
‫‪ex‬‬

‫‪--------------------------------‬‬
‫‪or‬‬

‫ﻭ ﻫ ﻮ ﻋﺒﺎﺭﻩ ﻋﻦ ﺑﺎﺭ ﻭﺍ ﺳﻊ ﺍﻟﻤﺪﻯ ﺫ ﻭ ﻓ ﻮﻟﻴ ﻮﻡ ﻋﺎﻟﻰ ﺛﻢ ﻳﺎﺗﻰ ﺑﻌﺪ ﺑﺎﺭ ﻋﻜﺴﻪ ﻓﻰ ﺍﻻﺗﺠﺎﻩ‬
‫ﻭﻳﻜ ﻮ ﻥ ﺍﻟﻔ ﻮﻟﻴ ﻮﻡ ﺍﻋﻠﻰ ﻣﻦ ﺍﻟﺴﺎﺑ ﻖ ﻭﺍﻏﻼ ﻗﻪ ﻓﻰ ﻣﺴﺘ ﻮﻯ ﻋﺎﻟﻰ ﺣﺴﺐ ﻧ ﻮﻉ ﺍﻻﺗﺠﺎﻩ‬
‫‪.f‬‬
‫‪w‬‬

‫ﻛﻴ ﻒ ﻧﺘﺎﻛﺪ ﺍ ﻥ‬
‫‪Reversal volume‬‬
‫‪w‬‬

‫‪--------------------------------‬‬

‫ﻳﺎﺗﻰ ﺑﻌﺪ ﻏﺎﻟﺒﺎ ﻣﻦ ﻧﻤ ﻮﺫﺝ‬

‫‪w‬‬

‫‪Lack of S/D‬‬

‫ﺣﺴﺐ ﺍﻻﺗﺠﺎﻩ ﻭﺍﻟﺒﺎﺭ ﺍﻟﻘﺎﺩﻡ ﻏﺎﻟﺒﺎ ﻳﻜ ﻮ ﻥ ﺍﺧﺘﺒﺎﺭ ﺫ ﻭ ﻓ ﻮﻟﻴ ﻮﻡ ﻣﻨﺨﻔ ﺾ‬

‫‪NO D/S test‬‬
 ‫ﺛﻢ ﻳ ﻈﻬﺮ ﺑﺎﺭ ﻣﻦ ﻧﻤ ﻮﺫﺝ‬
‫‪Push thru D/S Effort‬‬

‫ﻟﺒﺪﺍﻳﻪ ﺗﻐﻴﺮ ﺍﻻﺗﺠﺎﻩ‬

‫***********************‬

‫‪om‬‬
‫‪10-Shake out Volume‬‬

‫‪.c‬‬
‫‪--------------------------------------‬‬

‫‪w‬‬
‫‪ro‬‬
‫‪or‬‬
‫‪-m‬‬
‫‪ex‬‬
‫‪or‬‬

‫‪--------------------‬‬
‫‪.f‬‬

‫ﻫ ﻮ ﻋﺒﺎﺭﻩ ﻋﻦ ﺑﺎﺭ ﺫﻭ ﻣﺪﻯ ﻭﺍ ﺳﻊ ﺟﺪﺍ ﺍﻏﻼ ﻗﻪ ﻓﻰ ﻋﻜ ﺲ ﺍﻻﺗﺠﺎﻩ ﺍﻟﺴﺎﺑ ﻖ‬

‫‪w‬‬

‫ﺫ ﻭ ﻓ ﻮﻟﻴ ﻮﻡ ﻋﺎﻟﻰ ﻭﺍﻟﺒﺎﺭ ﺍﻟﻘﺎﺩﻡ ﻟﻪ ﻳﻜ ﻮ ﻥ ﻓﻰ ﺍﺗﺠﺎﻩ ﺍﻏﻼ ﻗﻪ ﺫ ﻭ ﻣﺪﻯ ﻭﺍ ﺳﻊ ﻭ ﻓ ﻮﻟﻴ ﻮﻡ ﻋﺎﻟﻰ ﻭﻟﻜﻦ ﻗﺪ‬
‫ﻳﻜ ﻮ ﻥ ﺍ ﻗﻞ ﻣﻦ‬
‫‪w‬‬

‫ﻓ ﻮﻟﻴﻢ ﺍﻟﺒﺎﺭ ﺍﻟﺴﺎﺑ ﻖ‬

‫‪w‬‬

‫ﻛﻴ ﻒ ﻧﺘﺎﻛﺪ ﺍ ﻥ‬
‫‪Shake out Volume‬‬
 ‫‪-----------------------‬‬
‫ﻏﺎﻟﺒﺎ ﻗﺪ ﻳﺎﺗﻰ ﺑﻌﺪ ﺍﻟﺒﺎﺭ ﺍﻟﺜﺎﻧﻰ ﻣﻦ ﻫﺬﺍ ﺍﻟﻨﻤ ﻮﺫﺝ‬
‫‪No D/S test‬‬

‫ﻟﺘﺎﻛﻴﺪ ﺑﺪﺍﻳﻪ ﺗﻐﻴﺮ ﺍﻟ ﺼﻌ ﻮﺩ ﺛﻢ ﺑﺎﺭ ﻣﻦ ﻧ ﻮﻉ‬

‫‪Push thru D/S Effort‬‬

‫‪om‬‬
‫**ﻣﻼﺣ ﻈﻪ ﻫﺎﻣﻪ ﺟﺪﺍ ﺟﺪﺍ**‬

‫‪.c‬‬
‫ﻗﺮﺍءﻩ ﺍﻟﺴ ﻮ ﻕ ﺗﻜ ﻮ ﻥ ﺑ ﻄﺮﻳﻘﻪ ﻣﺘﺘﺎﺑﻌﻪ ﻭﻟﻴ ﺲ ﺗﺠﺰﺋﺘﻬﺎ ﺍﻟﻰ ﻧﻤﺎﺫﺝ‬
‫ﺣﻴﺚ ﺍ ﻥ ﺍﻟﻤ ﻮ ﺿ ﻮﻉ ﻳﻬﺘﻢ ﺑﺘﺤﺪﻳﺪ ﻣ ﻈﺎ ﻫﺮ ﺍﻟﻘ ﻮﻩ ﺍﻟﻤﺘﺘﺎﺑﻌﻪ ﻟﺘﺤﺪﻳﺪ ﻧﻘ ﻄﻪ ﺟﻴﺪﻩ ﻟﻠﺸﺮﺍء ﻋﻠﻰ ﺧﻠﻔﻴﻪ‬
‫ﻭﺍ ﺿﺤﻪ ﻣﻦ‬

‫‪ow‬‬
‫ﺍﻻﻧﺸ ﻄﻪ ﺍﻟﻤﺘﺘﺎﺑﻌﻪ ﺍ ﻭ ﺗﺤﺪﺩ ﻣ ﻈﺎﻫﺮ ﺿﻌ ﻒ ﻣﺘﺘﺎﺑﻌﻪ ﻟﺘﺤﺪﻳﺪ ﻧﻘ ﻄﻪ ﻟﻠﺒﻴﻊ ﻋﻠﻰ ﺧﻠﻔﻴﻘﻪ‬
‫ﻭﺍ ﺿﺤﻪ ﻣﻦ ﺍﻻﻧﺸ ﻄﻪ ﺍﻟﻤﺘﺘﺎﺑﻌﻪ‬

‫‪r‬‬
‫ﻓﻤﺎﺯﺍ ﻝ ﻫﻨﺎ ﺍﻟﻤﺰﻳﺪ ﻣﻦ ﺍﻻ ﺳﺮﺍﺭ ﻓﻰ ﺗﺤﻠﻴﻞ ﺍ ﻝ‪VSA‬‬
‫‪or‬‬
‫ﺳﺘ ﻄﺮﺡ ﺟﻤﻴﻌﺎ ﻓﻰ ﻣﻨﺘﺪﻯ ﻓ ﻮﺭﻛ ﺲ ﺍﻟﻐﺪ‬
‫‪m‬‬

‫**ﻛﻴﻔﻴﻪ ﻗﺮﺍءﻩ ﺍﻟﺴ ﻮ ﻕ ﺑﺎ ﺳﺘﺨﺪﺍﻡ ﺗﺤﻠﻴﻞ ﺍﻟﺴﻴ ﻮﻟﻪ**‬

‫‪-‬‬
‫‪ex‬‬

‫‪Reading the Market by Volume spread analysis‬‬

‫*******************************************‬
‫‪or‬‬

‫***********************************‬
‫‪.f‬‬
‫‪w‬‬
‫‪w‬‬
‫‪w‬‬
 ‫‪om‬‬
‫ﺍﻟﻔ ﺼﻞ ﺍﻟﺜﺎﻟﺚ ‪ -:‬ﺗﺤﻠﻴﻞ ﺍﻟﺸﻤ ﻮﻉ‬
‫‪-----------‬‬ ‫‪--------------------------‬‬

‫‪.c‬‬
‫* ﻫ ﻮ ﺍﺣﺪ ﻭﺍﻫﻢ ﻁﺮ ﻕ ﺍﻟﺘﺤﻠﻴﻞ ﻟﻠﺴﻠ ﻮ ﻙ ﺍﻟﻨﻔﺴﻰ ﻭﺍﻟﺴﻌﺮﻯ ﻟﺤﺮﻛﻪ ﺍﻻ ﺳﻌﺎﺭ‬
‫ﻭﻣﻦ ﺍﻫﻢ ﺍﻻﺩ ﻭﺍ ﺕ ﻟﺘﺤﺪﻳﺪ ﺍﻣﺎﻛﻦ ﺍﻟﺪﺧ ﻮ ﻝ ﻭﺍﻣﺎﻛﻦ ﺍﻟﺨﺮ ﻭﺝ ﻭﻋﻦ ﻁﺮﻳ ﻖ ﺗﺤﻠﻴﻠﻬﺎ ﻭﺩﺭﺍ ﺳﺘﻬﺎ ﻣﻊ‬
‫ﺍﻻﺩ ﻭﺍ ﺕ ﺍﻻﺧﺮﻯ‬

‫‪ow‬‬
‫ﺗﺴ ﻄﻴﻊ ﻣﻌﺮ ﻓﻪ ﺍﻟﻰ ﺍﻳﻦ ﺗﺘ ﻮﺟﻪ ﺍﻟﺴﻴ ﻮﻟﻪ ﺍﻟﺴﻌﺮﻳﻪ ﻭﺍﻟﺘﻰ ﺑﺪ ﻭﺭ ﻫﺎ ﺍﻟﻤﺤﺮ ﻙ ﺍ ﻟﺮﺋﻴﺴﻰ ﻟﻼﺗﺠﺎﻩ‬
‫ﻭﻋﻦ ﻁﺮﻳ ﻖ ﺗﺤﻠﻴﻞ ﺍﻟﺸﻤ ﻮﻉ ﺗﺴﺘ ﻄﻴﻊ ﻗﻴﺎ ﺱ ﺗﺎﺛﻴﺮ ﺍﻟﻤ ﻮﺍ ﺷﺮﺍ ﺕ ﺍﻻ ﻗﺘ ﺼﺎﺩﻳﻪ ﻭﺗﺤﻠﻴﻼﺗﻬﺎ‬

‫‪r‬‬
‫ﻭﺍﻻﺧﺒﺎﺭ ﺍﻟﻤ ﻮﺍﺛﺮﻩ ﻭﺭﺑ ﻂ ﺫﻟﻚ ﻣﻊ ﻗﺮﺍﺭﺍ ﺕ ﻭ ﺷﻌ ﻮﺭ ﺍﻟﻤ ﻀﺎﺭﺑﻴﻦ ﻭﺍﻟﻤﺘﺪﺍ ﻭﻟﻴﻦ ﻭﻫﻰ ﺍﻟ ﻮﺣﺪﻩ‬
‫‪or‬‬
‫ﺍﻟﺮﺋﻴﺴﻴﻪ ﻟﺘﻜ ﻮﻳﻦ ﺍﻻﺗﺠﺎﻩ ﻭﺍ ﺷﻜﺎ ﻝ ﺍﻟﻨﻤﺎﺫﺝ ﻓﻜﻤﺎ ﻓﻰ ﺍﻟﻔﻴﺰﻳﺎء ﺍﻟﺬﺭﺍ ﺕ ﻫﻰ ﻭﺣﺪﻩ ﺑﻨﺎء ﺍﻟﺠﺰﺉ‬
‫ﻓﺎﻟﺸﻤ ﻮﻉ ﺍﻟﻴﺎﺑﺎﻧﻴﻪ ﻫﻰ ﻭﺣﺪﻩ ﺗﺮﻛﻴﺐ ﺍﻟﻨﻤﺎﺫﺝ ﻣﻦ ﺩ ﻭﺭﺍ ﺕ ﺻﺎﻋﺪﻩ ﻭﺩﻭﺭﺍ ﺕ ﻫﺎﺑ ﻄﻪ‬
‫‪m‬‬
‫* ﺗﻌﺘﻤﺪ ﺩﺭﺍ ﺳﻪ ﻭﺗﺤﻠﻴﻞ ﺍﻟﺸﻤ ﻮﻉ ﻋﻠﻰ ﺩﺭﺍ ﺳﻪ ﺍ ﻝ ‪ 4‬ﻋﻨﺎ ﺻﺮ ﺍﻟﺴﻌﺮﻳﻪ ﺍﻟﻤﻜ ﻮﻧﻴﻦ ﻟﻠ ﻮﺣﺪﻩ*‬
‫ﻭﻫﻢ‬
‫‪-‬‬
‫‪ex‬‬

‫ﺍﻋﻠﻰ ﺳﻌﺮ – ﺍﺩﻧﻰ ﺳﻌﺮ – ﺳﻌﺮ ﺍﻻ ﻓﺘﺘﺎﺡ‪ -‬ﺳﻌﺮ ﺍﻻﻏﻼ ﻕ‬

‫ﻭ ﻫ ﻮ ﻣﺎ ﻳﺴﻤﻰ ﻧ ﻈﺎﻡ‬
‫‪or‬‬

‫‪OHLC‬‬

‫ﻭﻋﻦ ﻁﺮﻳ ﻖ ﺗﺤﺪﻳﺪ ﺍﻟﻌﻼ ﻗﻪ ﺑﻴﻨﻬﻢ ﻧﺴﺘ ﻄﻴﻊ ﻣﻌﺮ ﻓﻪ ﺩﺭﺟﻪ ﺍﻟﺘﻔﺎﻋﻞ ﺑﻴﻦ ﺍﻟﺪﺑﺒﻪ ﻭﺍﻟﺜﻴﺮﺍ ﻥ ﺧﻼ ﻝ ﺗﻠﻚ‬
‫ﺍﻟﻔﺘﺮﻩ‬
‫‪.f‬‬

‫ﻭﻣﻦ ﻫﻨﺎ ﻧﺴﺘ ﻄﻴﻊ ﺗﺤﺪﻳﺪ ﻗ ﻮﻩ ﺍﻟﺴ ﻮ ﻕ ﻭﺍﺗﺠﺎﻩ ﺑﻨﺎء ﻋﻠﻰ ﺍﻟﺒﻴﺎﻧﺎ ﺕ ﺍﻟﻤﺴﺘﺨﺮﺟﻪ‬
‫‪w‬‬
‫‪w‬‬

‫*****************************************************‬
‫‪w‬‬

‫ﺍﻟﻨﻤﺎﺫﺝ ﻟﻠﺸﻤ ﻮﻉ ﺍﻟﻴﺎﺑﺎﻧﻴﻪ‬

‫‪-------------------------------------‬‬
‫ﻭﺍﻻ ﻥ ﻧﺸﺎﻫﺪ ﻣﺠﻤ ﻮﻋﻪ ﻣﻦ ﺍ ﺷﻬﺮ ﻧﻤﺎﺫﺝ ﺍﻟﺸﻤ ﻮﻉ ﺍﻟﻴﺎﺑﺎﻧﻴﻪ ﻭﺗﺤﻠﻴﻞ ﺳﻠ ﻮﻛﻬﺎ‬
‫ﺣﺘﻰ ﺗﻜ ﻮ ﻥ ﺍﺭ ﺷﺎﺩ ﻟﻜﻢ ﻟﻜﻴﻔﻴﻪ ﺗ ﻄﺒﻴ ﻖ ﺍﻟﻘ ﻮﺍﻋﺪ ﻭﺍﻟﻘ ﻮﺍﻧﻴﻦ ﺍﻟﺴﺎﺑ ﻖ ﺫﻛﺮ ﻫﺎ‬
 ‫ﻭﻛﻴﻔﻴﻪ ﺍ ﺳﺘﺨﺪﺍﻣﻬﺎ ﻓﻰ ﻗﺮﺍءﻩ ﺍﻟﺴﻠ ﻮ ﻙ ﺍﻟﺴﻌﺮﻯ‬

‫************************‬
‫‪1-Hammer patern‬‬

‫‪------------------------------‬‬

‫‪om‬‬
‫‪.c‬‬
‫‪r‬‬ ‫‪ow‬‬
‫‪or‬‬
‫‪m‬‬

‫* ﺗﻌﺮﻳ ﻒ ﺍﻟﻨﻤ ﻮﺫﺝ ‪ :‬ﻫ ﻮ ﻧﻤ ﻮﺫﺝ ﺍﻧﻌﻜﺎ ﺳﻰ ﺣﻴﺚ ﻳﻌﻜ ﺲ ﺍﻻﺗﺠﺎﻩ ﻣﻦ ﻫﺎﺑ ﻂ ﺍﻟﻰ ﺻﺎﻋﺪ ﻭﻳﻜ ﻮ ﻥ ﺍﻏﻼ ﻗﻪ‬
‫‪-‬‬
‫‪ex‬‬

‫ﻓﻰ ﺍﻟﺜﻠﺚ ﺍﻻﻋﻠﻰ ﻣﻦ ﺍﻟﻤﺪﻯ ﺍﻟﺤﺮﻛﻰ ﻟﻠﺸﻤﻌﻪ ﺣﻴﺚ ﻳﻜ ﻮ ﻥ ﺍﻟﻤﺪﻯ ﺍﻟﺤﺮﻛﻰ ﻟﻪ ﻛﺒﻴﺮ ﻭ ﻓﻰ ﺍﻟﺜﻠﺚ‬
‫ﺍﻻﻋﻠﻰ ﻟﻤﺪﻯ ﺍﻟﺸﻤﻌﻪ ﺍﻟﺴﺎﺑ ﻖ ﻳﺘﻤﻴﺰ ﺑﺎﻟﺬﻳﻞ ﺍﻟﺴﻔﻠﻰ ﺍﻟ ﻄ ﻮﻳﻞ ﻭﺍﻟﻔ ﻮﻟﻴ ﻮﻡ ﺍﻟﻌﺎﻟﻰ‬
‫*ﺗﻔﺴﻴﺮ ﺣﺮﻛﻪ ﺍﻟﻨﻤ ﻮﺫﺝ‪ :‬ﻳﺒﺪﺍء ﺍﻟﻨ ﻤ ﻮﺫﺝ ﻣﻦ ﺳﻌﺮ ﺍﻻ ﻓﺘﺘﺎﺡ ﺍﻟﻰ ﺍﻟﻬﺒ ﻮ ﻁ ﻭﻳﻜ ﻮﻥ ﺍﻟﻬﺒ ﻮ ﻁ ﻋﻨﻴ ﻒ‬
‫‪or‬‬

‫ﻭ ﻭﺍ ﺿﺢ‬
‫ﺛﻢ ﺗﺪﺧﻞ ﻗ ﻮﻩ ﺷﺮﺍﺋﻴﻪ ﻛﺒﻴﺮﻩ ﻣﻦ ﻗﺎﻉ ﺍﻟﺸﻤﻌﻪ ﻓﺘﺪ ﻓﻊ ﺍﻟﺴﻌﺮ ﺍﻟﻰ ﺍﻟ ﺼﻌ ﻮﺩ ﻭﺗﺒﺘﻠﻊ ﻛﻞ ﻋﻘ ﻮﺩ ﺍﻟﺒﻴﻊ‬
‫‪.f‬‬

‫ﺍﻟﺴﺎﺑﻘﻪ‬
‫ﻭﺗﻐﻠ ﻖ ﺻﺎﻋﺪﻩ‬
‫‪w‬‬
‫‪w‬‬

‫**********************************‬
‫‪2-inverted Hammer patern‬‬
‫‪w‬‬
 ‫‪--------------------------------------------‬‬

‫*ﺗﻌﺮﻳ ﻒ ﺍﻟﻨﻤ ﻮﺫﺝ ‪ :‬ﻫ ﻮ ﻧﻤ ﻮﺫﺝ ﺍﻧﻌﻜﺎ ﺳﻰ ﺣﻴﺚ ﻳﻌﻜ ﺲ ﺍﻻﺗﺠﺎﻩ ﻣﻦ ﺍﻟ ﺼﺎﻋﺪ ﺍﻟﻰ ﺍﻟﻬﺎﺑ ﻂ ﻭﻳﻜ ﻮ ﻥ‬
‫ﺍﻏﻼ ﻗﻪ‬
‫ﻓﻰ ﺍﻟﺜﻠﺚ ﺍﻻ ﺳﻔﻞ ﻣﻦ ﺍﻟﻤﺪﻯ ﺍﻟﺤﺮﻛﻰ ﻟﻠﺸﻤﻌﻪ ﺣﻴﺚ ﻳﻜ ﻮ ﻥ ﺍﻟﻤﺪﻯ ﺍﻟﺤﺮﻛﻰ ﻟﻪ ﻛﺒﻴﺮ ﻭ ﻓﻰ ﺍﻟﺜﻠﺚ‬

‫‪om‬‬
‫ﺍﻻ ﺳﻔﻞ‬
‫ﻟﻤﺪﻯ ﺍﻟﺸﻤﻌﻪ ﺍﻟﺴﺎﺑ ﻒ ﻳﺘﻤﻴﺰ ﺑﺎﻟﺬﻳﻞ ﺍﻟﻌﻠ ﻮﻯ ﺍﻟ ﻄ ﻮﻳﻞ ﻭﺍﻟﻔ ﻮﻟﻴ ﻮﻡ ﺍﻟﻌﺎﻟﻰ‬
‫*ﺗﻔﺴﻴﺮ ﺣﺮﻛﻪ ﺍﻟﻨﻤ ﻮﺫﺝ‪ :‬ﻳﺒﺪﺍء ﺍﻟﻨﻤ ﻮﺫﺝ ﻣﻦ ﺳﻌﺮ ﺍﻻ ﻓﺘﺘﺎﺡ ﺍﻟﻰ ﺍﻟ ﺼﻌ ﻮﺩ ﻭﻳﻜ ﻮ ﻥ ﺍﻟ ﺼﻌ ﻮﺩ ﻋﻨﻴ ﻒ‬
‫ﻭ ﻭﺍ ﺿﺢ‬

‫‪.c‬‬
‫ﺛﻢ ﺗﺪﺧﻞ ﻗ ﻮﻩ ﺑﻴﻊ ﻛﺒﻴﺮﻩ ﻣﻦ ﻗﻤﻪ ﺍﻟﺸﻤﻌﻪ ﻓﺘﺪ ﻓﻊ ﺍﻟﺴﻌﺮ ﺍﻟﻰ ﺍﻟﻬﺒ ﻮ ﻁ ﻭﺗﺒﺘﻠﻊ ﻛﻞ ﻋﻘ ﻮﺩ ﺍﻟﺸﺮﺍء‬
‫ﺍﻟﺴﺎﺑﻘﻪ‬

‫‪ow‬‬
‫ﻭﺗﻐﻠ ﻖ ﻫﺎﺑ ﻄﻪ‬
‫‪-------------------- --------- --------‬‬

‫‪r‬‬
‫‪or‬‬
‫‪3-Shootng Star‬‬

‫‪-----------------------------‬‬
‫‪-‬‬ ‫‪m‬‬
‫‪ex‬‬
‫‪or‬‬
‫‪.f‬‬

‫*ﺗﻌﺮﻳ ﻒ ﺍﻟﻨﻤ ﻮﺫﺝ ‪ :‬ﻫ ﻮ ﻧﻤ ﻮﺫﺝ ﺍﻧﻌﻜﺎ ﺳﻰ ﻗ ﻮﻯ ﺣﻴﺚ ﻳﻌﻜ ﺲ ﺍﻻﺗﺠﺎﻩ ﻣﻦ ﻫﺎﺑ ﻂ ﺍﻟﻰ ﺻﺎﻋﺪ ﻭﺍﻟﻌﻜ ﺲ‬
‫‪w‬‬

‫ﺻﺤﻴﺢ‬
‫ﻭﻳﻜ ﻮ ﻥ ﺍﻏﻼ ﻗﻪ ﻣﺴﺎ ﻭﻯ ﺍﻟﻰ ﺍ ﻗﻞ ﺳﻌﺮ ﻓﻰ ﺍﻻﺗﺤﺎﻩ ﺍﻟ ﺼﺎﻋﺪ ﻭﺍﻋﻠﻰ ﺳﻌﺮ ﻓﻰ ﺍﻻﺗﺠﺎﻩ ﺍﻟﻬﺎﺑ ﻂ‬
‫‪w‬‬

‫ﺣﻴﺚ ﻳﻜ ﻮ ﻥ ﺍﻟﻤﺪﻯ ﺍﻟﺤﺮﻛﻰ ﻟﻪ ﻛﺒﻴﺮ ﻳﺘﻤﻴﺰ ﺑﺎﻟﺬﻳﻞ ﺍﻟﺴﻔﻠﻰ ﺍﻟ ﻄ ﻮﻳﻞ ﻭﺍﻟﻔ ﻮﻟﻴ ﻮﻡ ﺍﻟﻌﺎﻟﻰ ﺟﺪﺍ‬
‫‪w‬‬

‫*ﺗﻔﺴﻴﺮ ﺣﺮﻛﻪ ﺍﻟﻨﻤ ﻮﺫﺝ‪ :‬ﻳﺒﺪﺍء ﺍﻟﻨﻤ ﻮﺫﺝ ﻣﻦ ﺳﻌﺮ ﺍﻻ ﻓﺘﺘﺎﺡ ﺍﻟﻰ ﺍﻟﺘﺤﺮ ﻙ ﻣﻊ ﺍﻻﺗﺠﺎﻩ ﺍﻟﺴﺎﺑ ﻖ ﻟﻴ ﺼﻨﻊ‬
‫ﺷﻤﻌﻪ ﺫﺍ ﺕ‬
‫ﻣﺪﻯ ﺣﺮﻛﻪ ﻭﺍ ﺳﻊ ﺛﻢ ﻳﺤﺪ ﺙ ﺍﻧﻬﻴﺎﺭ ﻓﺠﺎﺋﻰ ﻓﻰ ﺍﻟﺴ ﻮ ﻕ ﻣﻤﺎ ﻳ ﻮﺍﺩﻯ ﺍﻟﻰ ﺑﻠﻊ ﻫﺬﻩ ﺍﻟﺤﺮﻛﻪ ﻛﻠﻬﺎ‬
 ‫‪---------------------------------------------‬‬

‫‪4-Hanging man‬‬

‫‪----------------------------‬‬

‫‪om‬‬
‫‪.c‬‬
‫‪ow‬‬
‫*ﺗﻌﺮﻳ ﻒ ﺍﻟﻨﻤ ﻮﺫﺝ ‪ :‬ﻳﺘﻜ ﻮﻥ ﻫﺬﺍ ﺍﻟﻨﻤ ﻮﺫﺝ ﻣﻦ ﺷﻤﻌﺘﻴﻦ‬

‫‪r‬‬
‫‪or‬‬
‫ﺍﻟﺸﻤﻌﻪ ﺍﻻ ﻭﻟﻰ ‪ :‬ﻫﻰ ﺷﻤﻌﻪ ﺫﺍ ﺕ ﻣﺪﻯ ﺣﺮﻛﻰ ﻭﺍ ﺳﻊ ﺍﻻﻏﻼ ﻕ ﺍﻟﻰ ﺍﻟﻤﻨﺘ ﺼ ﻒ ﻭﺍ ﻗﺮ ﺏ ﺍﻟﻰ ﺍﻟﺠﺰء‬
‫ﺍﻟﺴﻔﻠﻰ‬
‫ﻭﺍﺣﻴﺎﻧﺎ ﻳﻜ ﻮ ﻥ ﻗﺮﻳﺐ ﻣﻦ ﺳﻌﺮ ﺍﻻ ﻓﺘﺘﺎﺡ ﻭﻟﻜﻦ ﻏﺎﻟﺒﺎ ﺍﻋﻠﻰ ﻣﻨﻪ ﺫﺍ ﺕ ﺫﻳﻞ ﻋﻠ ﻮﻯ ﻭ ﻓ ﻮﻟﻴ ﻮﻡ ﻋﺎﻟﻰ‬
‫‪m‬‬
‫ﺍﻟﺸﻤﻌﻪ ﺍﻟﺜﺎﻧﻴﻪ ‪ :‬ﻫﻰ ﺷﻤﻌﻪ ﺫﺍ ﺕ ﻣﺪﻯ ﺻﻐﻴﺮ ﺑﺎﻟﻤﻘﺎﺭﻧﻪ ﻣﻦ ﺍﻟﺸﻤﻌﻪ ﺍﻻ ﻭﻟﻰ ﻭﺗﻜ ﻮ ﻥ ﺍﻏﻼ ﻗﻬﺎ ﺍ ﻗﻞ‬
‫ﻣﻦ ﻗﺎﻉ‬
‫‪-‬‬
‫‪ex‬‬

‫ﺍﻟﺸﻤﻌﻪ ﺍﻻ ﻭﻟﻰ ﻭﻻ ﺗﺤﺘ ﻮﻯ ﻋﻠﻰ ﺍﻯ ﺫﻳ ﻮ ﻝ ﻭﺍﻟﻔ ﻮﻟﻴ ﻮﻡ ﻳﻜ ﻮ ﻥ ﻋﺎﻟﻰ‬

‫*ﺗﻔﺴﻴﺮ ﺣﺮﻛﻪ ﺍﻟﻨﻤ ﻮﺫﺝ‪ :‬ﻳﺒ ﺪﺍء ﺍﻟﺴ ﻮ ﻕ ﻗﻰ ﺍﻟﺸﻤﻌﻪ ﺍﻻ ﻭﻟﻰ ﻓﻰ ﺍﻟ ﺼﻌ ﻮﺩ ﻟﻴ ﻮﺍﺟﻪ ﻓﻰ ﻗﻤﺘﻪ ﺿﻐ ﻂ‬
‫‪or‬‬

‫ﺑﻴﻌﻰ ﻣﻤﺎ‬
‫ﻳﺠﻌﻞ ﺍﻏﻼ ﻕ ﺍﻟﺸﻤﻌﻪ ﻳﻜ ﻮ ﻥ ﻓﻰ ﺍﻟﻤﻨﺘ ﺼ ﻒ ﻭﺍﺣﻴﺎﻧﺎ ﺍ ﻗﺮ ﺏ ﺍﻟﻰ ﺍﻟﺜﻠﺚ ﺍﻻ ﺳﻔﻞ ﻟﻬﺎ ﺛﻢ ﻳﺴﺘﻜﻤﻞ ﻫﺬﺍ‬
‫‪.f‬‬

‫ﺍﻟ ﻀﻐ ﻂ‬
‫‪w‬‬

‫ﻓﻰ ﺍﻟﺸﻤﻌﻪ ﺍﻟﺜﺎﻧﻴﻪ ﻣﻤﺎ ﻳﺠﻌﻞ ﻓﻴﻬﺎ ﺍﻟﻔ ﻮﻟﻴ ﻮﻡ ﻋﺎﻟﻰ ﻭﻳﻜ ﻮ ﻥ ﻓﻴﻬﺎ ﺍﻳ ﻀﺎ ﺍﻟﺤﺮﻛﻪ ﻗ ﻮﻳﻪ ﻟﻴﻐﻠ ﻖ ﺍ ﺳﻔﻞ‬
‫ﺍﻟﺸﻤﻌﻪ ﺍﻻ ﻭﻟﻰ‬
‫‪w‬‬
‫‪w‬‬

‫‪----------------------------------------------‬‬
 ‫‪5-Mother Candle‬‬

‫‪---------------------------‬‬

‫‪om‬‬
‫‪.c‬‬
‫*ﺗﻌﺮﻳ ﻒ ﺍﻟﻨﻤ ﻮﺫﺝ ‪ :‬ﻳﺘﻜ ﻮﻥ ﻫﺬﺍ ﺍﻟﻨﻤ ﻮﺫﺝ ﻣﻦ ﺷﻤﻌﺘﻴﻦ‬

‫‪ow‬‬
‫ﺍﻟﺸﻤﻌﻪ ﺍﻻ ﻭﻟﻰ ‪:‬ﺗﻜ ﻮ ﻥ ﺫﺍ ﺕ ﻣﺪﻯ ﺳﻌﺮﻯ ﻭﺍ ﺳﻊ ﺍﻏﻼ ﻗﻬﺎ ﻓﻰ ﺍﻟﺜﻠﺚ ﺍﻟﻌﻠ ﻮﻯ ﻣﻨﻬﺎ‬
‫ﺍﻟﺸﻤﻌﻪ ﺍﻟﺜﺎﻧﻴﻪ ‪ :‬ﺗﻜ ﻮ ﻥ ﺩﺍﺧﻞ ﺍﻟﻤﺪﻯ ﺍﻟﺤﺮﻛﻰ ﻟﻠﺸﻤﻌﻪ ﺍﻻ ﻭﻟﻰ ﺑﺎﻟﻜﺎﻣﻞ ﺫﺍ ﺕ ﻣﺪﻯ ﺣﺮﻛﻰ ﺿﻌﻴ ﻒ‬
‫ﻭﻟﻜﻦ‬

‫‪r‬‬
‫ﺍﻟﻔ ﻮﻟﻴ ﻮﻡ ﻟﺪﻳﻬﺎ ﺍﻛﺒﺮ ﻣﻦ ﺍﻟﺸﻤﻌﻪ ﺍﻻ ﻭﻟﻰ‬
‫‪or‬‬
‫*ﺗﻔﺴﻴﺮ ﺣﺮﻛﻪ ﺍﻟﻨﻤ ﻮﺫﺝ‪ :‬ﻓﻰ ﺍﻟﺸﻤﻌﻪ ﺍﻻ ﻭﻟﻰ ﻳﻜ ﻮ ﻥ ﻣﺴﺎﺭ ﺍﻟﺴ ﻮ ﻕ ﻁﺒﻴﻌﻰ ﺍﻻ ﺍ ﻥ ﺍﻟﺴﻴ ﻮﻟﻪ‬
‫‪m‬‬
‫ﺍﻟﻤﺤﺮﻛﻪ ﻟﻪ ﺗﻘﻞ‬
‫ﺍ ﻗﻞ ﻣﻦ ﺍﻟﺤﺮﻛﻪ ﺍﻟﺴﺎﺑﻘﻪ‬
‫‪-‬‬
‫‪ex‬‬

‫ﺛﻢ ﺗﺎﺗﻰ ﻓﻰ ﺍﻟﺸﻤﻌ ﻪ ﺍﻟﺜﺎﻧﻴﻪ ﺳﻴ ﻮﻟﻪ ﻋﻜ ﺲ ﺍﻟﺤﺮﻛﻪ ﺍﻟﺴﺎﺑﻘﻪ ﻭﻟﻜﻨﻬﺎ ﺗﻜ ﻮ ﻥ ﺫﺍ ﺕ ﺳﻴ ﻮﻟﻪ ﺧﻔﻴﻪ‬
‫ﺗ ﻈﻬﺮ ﻋﻠﻰ‬
‫ﺷﻜﻞ ﺷﻌﻪ ﻣ ﻀﻐ ﻮ ﻁﻪ ﻟﻴﺒﺪﺍء ﺍﻧﻌﻜﺎ ﺱ ﺍﻟﺴ ﻮ ﻕ‬
‫‪or‬‬

‫‪6-Doji candle‬‬
‫‪.f‬‬
‫‪w‬‬
‫‪w‬‬
‫‪w‬‬
 ‫‪om‬‬
‫‪-----------------------------‬‬

‫‪.c‬‬
‫‪ow‬‬
‫*ﺗﻌﺮﻳ ﻒ ﺍﻟﻨﻤ ﻮﺫﺝ‪ :‬ﻫ ﻮ ﻧﻤ ﻮﺫﺝ ﺿﻌ ﻒ ﻟﻠﺴ ﻮ ﻑ ﺣﻴﺚ ﻳﻜ ﻮ ﻥ ﺍﻻﻏﻼ ﻕ ﻣﺴﺎ ﻭﻯ ﻟﻼ ﻓﺘﺘﺎﺡ ﻭﺍﺣﻴﺎﻧﺎ ﻗﺮﻳﺒﺎ‬
‫ﺟﺪﺍ ﻣﻨﻪ‬

‫‪r‬‬
‫‪or‬‬
‫‪--------------------------------------------------‬‬
‫‪m‬‬
‫‪7-the Engulfing Patren‬‬

‫‪------------------------------------‬‬
‫‪-‬‬
‫‪ex‬‬
‫‪or‬‬
‫‪.f‬‬
‫‪w‬‬
‫‪w‬‬
‫‪w‬‬

‫*ﺗﻌﺮﻳ ﻒ ﺍﻟﻨﻤ ﻮﺫﺝ ‪ :‬ﻳﺘﻜ ﻮﻥ ﺍﻟﻨﻤ ﻮﺫﺝ ﻏﺎﻟﺒﺎ ﻣﻦ ‪ 3‬ﺷﻤﻌﺎ ﺕ‬

‫ﺑﺤﻴﺚ ﺗﻜ ﻮ ﻥ ﺍﻻ ﻭﻟﻰ ﻭﺍﻟﺜﺎﻧﻴﻪ ﻓﻰ ﺍﺗﺠﺎﻩ ﻭﺍﺣﺪ ﻭﻟﻜﻦ ﺍﻟﺸﻤﻌﻪ ﺍﻟﺜﺎﻧﻴﻪ ﺗﻜ ﻮ ﻥ ﺍ ﺿﻌ ﻒ ﻣﻦ ﺍﻻ ﻭﻟﻰ ﺩﺍﺋﻤﺎ‬
‫ﻭﻟﻜﻨﻬﺎ ﺍﻋﻠﻰ ﻣﻨﻬﺎ ﻓﻰ ﺍﻟﻔ ﻮﻟﻴ ﻮﻡ‬
‫ﺍﻟﺸﻤﻌﻪ ﺍﻟﺜﺎﻟﺜﻪ ﺗﻜ ﻮ ﻥ ﻋﺒﺎﺭﻩ ﻋﻦ ﻧﻤ ﻮﺫﺝ ﺑﺤﻴﺚ ﻳﺒﺘﻠﻊ ﺍﻟﺸﻤﻌﺘﻴﻦ ﺍﻻﺧﺮﺗﻴﻦ ﻭﻟﻜﻦ ﺍﻟﻔ ﻮﻟﻴ ﻮﻡ ﺍ ﻗﻞ ﻣﻦ‬
‫ﺍﻟﺸﻤﻌﻪ ﺍﻟﺜﺎﻧﻴﻪ‬

‫*ﺗﻔﺴﻴﺮ ﺣﺮﻛﻪ ﺍﻟﻨﻤ ﻮﺫﺝ ‪ :‬ﻳﺒﺪﺍء ﺍﻟﺴ ﻮ ﻕ ﻓﻰ ﺍﻣﺎ ﻓﻰ ﺣﺎﻟﻪ ﺿﻌ ﻒ ﻓﻰ ﺍﻟ ﻄﻠﺐ ﺍ ﻭ ﺩﺧ ﻮ ﻝ ﻋﺮ ﺽ ﺧﻔﻰ‬
‫ﻓﻰ ﺍﻟﺴ ﻮ ﻕ‬

‫‪om‬‬
‫ﺣﻴﺚ ﻳ ﻈﻬﺮ ﺫﻟﻚ ﺍﻟﻌﺮ ﺽ ﺍﻟﺨﻔﻰ ﻓﻰ ﺍﻟﺸﻤﻌﻪ ﺍﻟﺜﺎﻧﻴﻪ ﻟﻴﻨﻬﺎﺭ ﺍﻟﺴ ﻮ ﻕ ﻓﻰ ﺍﻟﻬﺒ ﻮ ﻁ ﻋﻨﻴ ﻒ‬
‫‪------------------------------------------------‬‬

‫‪.c‬‬
‫‪8-Chakemate patern‬‬

‫‪---------------------------------‬‬

‫‪ow‬‬
‫*ﺗﻌﺮﻳ ﻒ ﺍﻟﻨﻤ ﻮﺫﺝ ‪ :‬ﻳﺘﻜ ﻮﻥ ﻣﻦ ﺷﻤﻌﺘﻴﻦ ﺣﻴﺚ ﺗﻜ ﻮ ﻥ ﻋﻜ ﺲ ﺑﻌ ﻀﻬﻢ ﻓﻰ ﺍﻻﺗﺠﺎﻩ ﻭﺍﻟﺜﺎﻧﻴﻪ ﺗﻜ ﻮ ﻥ ﻏﺎﻟﺒﺎ‬
‫ﺍﻋﻠﻰ ﻣﻦ ﺍﻻ ﻭﻟﻰ ﻓﻰ ﺍﻟﻔ ﻮﻟﻴ ﻮﻡ‬
‫*ﺗﻔﺴﻴﺮ ﺣﺮﻛﻪ ﺍﻟﻨﻤ ﻮﺫﺝ ‪ :‬ﻳﺒﺪﺍء ﺩﺧ ﻮ ﻝ ﻋﺮ ﺽ ﺍ ﻭ ﻁﻠﺐ ﺧﻔﻰ )ﺣﺴﺐ ﺍﻻﺗﺠﺎﻩ( ﻓﻰ ﺍﻟﺸﻤﻌﻪ ﺍﻻ ﻭﻟﻰ‬

‫‪r‬‬
‫ﻭﻟﻜﻦ ﺗﻜ ﻮﻥ‬
‫‪or‬‬
‫ﻫﺬﻩ ﺍﻟﻘ ﻮﻩ ﺗﻜ ﻮ ﻥ ﺍ ﻗ ﻮﻩ ﻭﺍﻭ ﺿﺢ ﻓﻰ ﺍﻟﺸﻤﻌﻪ ﺍﻟﺜﺎﻧﻴﻪ ﻓﻴ ﻮﺍﺩﻯ ﺫﻟﻚ ﻻ ﻧﻌﻜﺎ ﺱ ﺍﻻﺗﺠﺎﻩ‬
‫‪m‬‬
‫‪-------------------------------------------------------‬‬
‫‪9-monning and evening star‬‬
‫‪-‬‬
‫‪ex‬‬

‫‪--------------------------------------------‬‬
‫‪or‬‬
‫‪.f‬‬
‫‪w‬‬
‫‪w‬‬
‫‪w‬‬

‫*ﺗﻌﺮﻳ ﻒ ﺍﻟﻨﻤ ﻮ ﺫﺝ ‪ :‬ﻳﺘﻜ ﻮﻥ ﻣﻦ ﺛﻼ ﺙ ﺷﻤ ﻮﻉ‬

‫ﺍﻟﺸﻤﻌﻪ ﺍﻻ ﻭﻟﻰ ‪ :‬ﺗﻜ ﻮ ﻥ ﺫﺍ ﺕ ﻣﺪﻯ ﻭﺍ ﺳﻊ ﻭﺍﻏﻼ ﻕ ﻗﺮﻳﺐ ﻣﻦ ﺍﻟﻤﻨﺘ ﺼ ﻒ ﺫ ﻭ ﻓ ﻮﻟﻴ ﻮﻡ ﻣﻨﺨﻔ ﺾ‬
 ‫ﺍﻟﺸﻤﻌﻪ ﺍﻟﺜﺎﻧﻴﻪ ‪ :‬ﺗﻜ ﻮ ﻥ ﺫﺍ ﺕ ﺳﺒﺮﻳﺪ ﺿﻴ ﻖ ﻭﺍﻏﻼ ﻕ ﻗﺮﻳﺐ ﻣﻦ ﺍﻟﻤﻨﺘ ﺼ ﻒ ﺫ ﻭ ﻓ ﻮﻟﻴ ﻮﻡ ﻋﺎﻟﻰ ﺟﺪﺍ‬
‫ﺍﻟﺸﻤﻌﻪ ﺍﻟﺜﺎﻟﺜﻪ‪ :‬ﺗﻜ ﻮ ﻥ ﺫﺍ ﺕ ﺳﺒﺮﻳﺪ ﻭﺍ ﺳﻊ ﻗﺮﻳﺐ ﻣﻦ ﺍﻟﺸﻤﻌﻪ ﺍﻻ ﻭﻟﻰ ﻭﺍﻻﻏﻼ ﻕ ﻗﺮﻳﺐ ﻣﻦ ﺍﻋﻠﻰ ﺍ ﻭ‬
‫ﺍﺩﻧﻰ ﺳﻌﺮ‬
‫))ﺣﺴﺐ ﺍﻻﺗﺠﺎﻩ((‬

‫‪om‬‬
‫‪--------------------------------------------------------------‬‬

‫‪.c‬‬
‫ﻭﺑﻌﺪ ﺍ ﻥ ﺗﻌﺮ ﻓﻨﺎ ﻋﻠﻰ ﺍﻻﺭ ﺷﺎﺩﺍ ﺕ ﻭﺍﻟ ﻄﺮ ﻕ ﻟﺘﺤﻠﻴﻞ ﺍﻟﺸﻤ ﻮﻉ ﻭﻛﻴﻔﻴﻪ ﺍ ﺳﺘﺨﺪﺍﻣﻬﺎ ﻓﻰ ﺑﻌ ﺾ ﺍ ﺷﻬﺮ‬
‫ﺍﻟﻨﻤﺎﺫﺝ ﻭ ﻗﺮﺍءﻩ‬

‫‪ow‬‬
‫ﺍﻟﺴﻠ ﻮ ﻙ ﺍﻟﺤﺮﻛﻰ ﻭﺍﻟﻨﻔﺴﻰ ﻟﻠﻤ ﻀﺎﺭﺑﻴﻦ ﻭﺗﺎﺛﻴﺮﻫﺎ ﻋﻠﻰ ﺍﺗﺨﺎﺫ ﺍﻟﻘﺮﺍﺭ ﺕ‬
‫ﻧﺸﺎ ﻫﺪ ﺍﻻ ﻥ ﻣﺠﻤ ﻮﻋﻪ ﻣﻦ ﺍﻻﻣﺜﻠﻪ ﻟﺪﺭﺍ ﺳﻪ ﺍﻟﺴ ﻮ ﻕ ﺣﺘﻰ ﻧﻌﻠﻢ ﻛﻢ ﺍ ﺿﺎ ﻓﻪ ﻟﻨﺎ ﻫﺬﻩ ﺍﻻﺩﺍءﻩ ﻣﻦ ﺩ ﻗﻪ‬

‫‪r‬‬
‫‪or‬‬
‫‪---------------------------------‬‬
‫‪-‬‬ ‫‪m‬‬
‫‪ex‬‬

‫ﺍﻟﻔ ﺼﻞ ﺍﻟﺮﺍﺑﻊ‪ :‬ﺗﻨ ﻈﻴﻢ ﺑﻴﺎﻧﺎ ﺕ ﺍﻟﺴ ﻮ ﻕ‬

‫‪((Market profileyy‬‬

‫‪-------------------------------------------‬‬
‫‪or‬‬

‫ﻫ ﻮ ﻋﺒﺎﺭﻩ ﻋﻦ ﺍﺩﺍﻩ ﻟﻘﺮﺍءﻩ ﺍﻟﺴﻠ ﻮ ﻙ ﺍﻟﺴﻌﺮﻯ ﻭﺗﻌﺘﺒﺮ ﺗ ﻄ ﻮﻳﺮ ﻟﻘﺮﺍءﻩ ﺍﻟﺴ ﻮ ﻕ ﻋﻦ ﻁﺮﻳ ﻖ‬
‫ﺗﺤﻠﻴﻞ ﺍﻟﺸﻤ ﻮﻉ ﻭﺗﺤﻠﻴﻞ ﺍﻟﺴﻴ ﻮﻟﻪ ‪Volume spread analysis‬‬
‫‪.f‬‬

‫ﻭﺗﺘﻤﻴﺰ ﺍﻟﻤﺎﺭﻛﺖ ﺑﺮ ﻭ ﻓﺎﻳﻞ ﻋﻦ ﺗﺤﻠﻴﻞ ﺍﻟﺸﻤ ﻮﻉ ﺍﻟﻴﺎﺑﺎﻧﻴﻪ ﺍﻧﻬﺎ ﺗﺪﺭ ﺱ ﺍﻟﺒﻨﻴﻪ ﺍﻟﺪﺍﺧﻠﻴﻪ ﻟﺘﺮﻛﻴﺐ ﺍﻟﺸﻤﻌﻪ‬
‫‪w‬‬

‫ﻭﻋﻼ ﻗﺘﻪ ﺑﺎﻟ ﻮ ﻗﺖ ﺍﻯ ﺍ ﻥ ﺍﻟﺸﻤ ﻮﻉ ﺗﺪﺭ ﺱ ﺍﻟﺴﻠ ﻮ ﻙ ﺍﻟﻨﻔﺴﻰ ﻣﻦ ﺯﺍ ﻭﻳﻪ ﻭﺍﺣﺪﻩ ﻭﻫﻰ ﺍﻟﺴﻌﺮ ﺍﻣﺎ‬
‫ﺍﻟﻤﺎﺭﻛﺖ ﺑﺮ ﻭ ﻓﺎﻳﻞ‬
‫‪w‬‬

‫ﻓﻴﺪﺭ ﺱ ﺍﻟﺴﻠ ﻮ ﻙ ﺍﻟﻨﻔﺴﻰ ﻣﻦ ﺑﻌﺪﻳﻦ ﺍﻟﺒﻌﺪ ﺍﻟﺴﻌﺮﻯ ﻭ ﺍﻟﺒﻌﺪ ﺍﻟﻨﻔﺴﻰ ﻭﻳﺘﻤﻴﺰﻋﻦ ﺗﺤﻠﻴﻞ ﺍﻟﻔ ﻮﻟﻴ ﻮﻡ‬
‫‪w‬‬

‫ﺍﻧﻪ ﻳﻬﺘﻢ ﺑﺪﺭﺍ ﺳﻪ ﺍﻟﻌﻼ ﻗﻪ ﺑﻴﻦ ﺍﻟﻤﺴﺘ ﻮﻳﺎ ﺕ ﺍﻟﺴﻌﺮﻳﻪ ﻭﻧﺴﺒﻪ ﺍﻻ ﻗﺒﺎ ﻝ ﻋﻠﻴﻬﺎ ﻓﻰ ﺍﻟﻌﺮ ﺽ ﻭﺍﻟ ﻄﻠﺐ‬
‫ﻓﺘﻜ ﻮ ﻥ ﺩﺭﺍ ﺳﻪ ﺍﻟﺴﻴ ﻮﻟﻪ ﺍﻛﺜﺮ ﺩ ﻗﻪ ﻭﺗﺎﺛﻴﺮﺍ ﺑﺠﺎﻧﺐ ﺍ ﻥ ﺗﺤﻠﻴﻞ ﺍﻟﻔ ﻮﻟﻴ ﻮﻡ ﺍﻟﺨﺎ ﺹ ﺑﺎﻟﻤﺎﺭﻛﺖ ﺑﺮ ﻭ ﻓﺎﻳﻞ ﻳ ﻮ ﻥ‬
‫ﻣﻌﺘﻤﺪ ﻋﻠﻰ‬
‫‪The Liquidity Data Bank volume analysis‬‬
‫ﻭ ﻫ ﻮ ﺍﻻ ﻗﺮ ﺏ ﻟﺘﺤﻠﻴﻞ ﺍﻟﺴﻴ ﻮﻟﻪ ﺍﻟﺤﻘﻴﻘﻴﻪ ﻟﻠﺴ ﻮ ﻕ ﻋﻦ ﺍﻟﻔ ﻮﻟﻴ ﻮﻡ ﺳﺒﺮﻳﺪ ﻭﻟﻜﻦ ﻻ ﻳﻘﻠﻞ ﺫﻟﻚ ﻣﻦ ‪VSA‬‬
‫ﻗ ﻮﻩ‬
‫ﻭﻧ ﻈﺮﺍ ﻟﻘ ﻮﻩ ﻫﺬﺍ ﺍﻟﺘﺤﻠﻴﻞ ﻭ ﺻﻌ ﻮﺑﻪ ﺷﺮﺣﻪ ﻓﻰ ﻛﻠﻤﺎ ﺕ ﺑﺴﻴ ﻄﻪ ﺳﻴﺘﻢ ﻋﻤﻞ ﺩ ﻭﺭﻩ ﻟﻪ ﺍ ﻥ ﺷﺎء ﷲ‬
‫ﻓﻰ ﻣﻨﺘﺪﻯ ﻓ ﻮﺭﻛ ﺲ ﺍﻟﻐﺪ ﻟﺬﻟﻚ ﺳﻨﻬﺘﻢ ﺑﺸﺮﺡ ﺍﻟﺠﺰء ﺍﻻﻭ ﻝ ﻭﺍﻟﺬﻯ ﻳﻬﻤﻨﺎ ﺟﺪﺍ ﻫ ﻮ ﻣﻨﺤﻨﻰ ﺍﻟﺘ ﻮﺯﻳﻊ‬
‫ﻟﻼ ﺳﻌﺎﺭ‬

‫‪om‬‬
‫ﻧ ﻈﺮﺍ ﻟﻠﺒﻴﺎﻧﺎ ﺕ ﺍﻟﺠﺪﻳﺪﻩ ﺍﻟﻰ ﻳﻌ ﻄﻴﻬﺎ ﺍﻟﻴﻨﺎ‬
‫**************************‬

‫‪.c‬‬
‫‪ow‬‬
‫** ﻣﻨﺤﻨﻰ ﺍﻟﺘ ﻮﺯﻳﻊ **‬
‫‪--------------------------------------‬‬

‫ﻫ ﻮ ﻋﺒﺎﺭﻩ ﻣﻨﺤﻨﻰ ﻳﻔﺴﺮ ﺍﻟﺤﺮﻛﻪ ﺍﻟﺪﺍﺧﻠﻴﻪ ﻟﺤﺮﻛﻪ ﺍﻟﺴ ﻮ ﻕ ﺧﻼ ﻝ ﻓﺘﺮﻩ ﺯﻣﻨﻴﻪ ﻣﻌﻴﻨﻪ‬

‫‪r‬‬
‫‪or‬‬
‫ﻋﻦ ﻁﺮﻳ ﻖ ﺗﺤﺪﻳﺪ ﺍﻟﻤﺴﺘ ﻮﻳﺎ ﺕ ﺍﻟﺴﻌﺮﻳﻪ ﻭﺍﻟﻔﺘﺮﻩ ﺍﻟﺰﻣﻨﻴﻪ ﺍﻟﺘﻰ ﻗ ﻀﺎ ﻫﺎ ﺍﻟﺴﻌﺮ ﻓﻴﻬﺎ‬
‫ﺑﻤﻌﻨﻰ ﺍﺧﺮ ﻳﺮﺑ ﻂ ﺑﻴﻦ ﺍﻟﻤﺴﺘ ﻮﻳﺎ ﺕ ﺍﻟﺴﻌﺮﻳﻪ ﻭ ﻁ ﻮ ﻝ ﺍﻟﺰﻣﻦ ﺍﻟﺬﻯ ﺍ ﺳﺘﻐﺮ ﻗﻪ ﺍﻟﺴﻌﺮ ﻓﻴﻬﺎ‬
‫‪m‬‬
‫ﻭﺫﻟﻚ ﻳﺮﺟﻊ ﻟﻌﻤﻠﻴﻪ ﺍﻟﻤﺰﺍﻳﺪﻩ ﺑﻴﻦ ﺍﻟﺒﺎﺋﻌﻴﻦ ﻭﺍﻟﻤﺸﺘﺮﻳﻴﻦ ﻓﻰ ﺍﻟﻌﺮ ﺽ ﻭﺍﻟ ﻄﻠﺐ‬
‫ﻓﻬﺬﺍ ﺍﻟﻤﻨﺤﺘﻰ ﻳﻤﺜﻞ ﻫﺬﻩ ﺍﻟﻌﻤﻠﻴﻪ ﻭ ﻫﺬﺍ ﺍﻟﻤﻨﺤﻨﻰ ﻳ ﻤﺪ ﻟﻨﺎ ﺑﻤﺴﺘ ﻮﻳﺎ ﺕ ﺳﻌﺮﻳﻪ ﻣﻬﻤﻪ‬
‫‪-‬‬
‫‪ex‬‬

‫ﻋﻨﺪ ﺩﺭﺍ ﺳﺘﻬﺎ ﻭﺩﺭﺍ ﺳﻪ ﺍﻟﺘﻐﻴﺮﺍ ﺕ ﻓﻴﻬﺎ ﻣﻦ ﻓﺘﺮﻩ ﺍﻟﻰ ﻓﺘﺮﻩ ﻧﺴﺘ ﻄﻴﻊ ﻓﻬﻢ ﻭﺍ ﺳﺘﻴﻌﺎ ﺏ ﻣﺎ ﻳﺤﺪ ﺙ ﻓﻰ‬
‫ﻫﺬﻩ ﺍﻟﻤﺰﺍﻳﺪﺍ ﺕ‬
‫ﻭﺍﻟﺘﻰ ﺑﺪ ﻭﺭ ﻫﺎ ﺗﺴﺎﻋﺪﻧﺎ ﻓﻰ ﺍﺗﺨﺎﺫ ﺍﻟﻘﺮﺍﺭﺍ ﺕ ﺍﻟﻤﻨﺎ ﺳﺒﻪ ﺑﻨﺎء ﻋﻠﻴﻬﺎ‬
‫‪or‬‬

‫‪------------------------------------‬‬
‫ﺍﻟﻤﺴﺘ ﻮﻳﺎ ﺕ ﺍﻟﺘﻰ ﻳﻘﺪﻣﻬﺎ ﻟﻨﺎ ﻣﻨﺤ ﻨﻰ ﺍﻟﺘ ﻮ ﺯﻳﻊ‬
‫‪.f‬‬

‫‪-------------------------------------------------‬‬
‫‪w‬‬
‫‪w‬‬
‫‪w‬‬
 ‫‪ -1‬ﻣﺮﻛﺰ ﻗ ﻮﻩ ﺍﻟﺘﺤﻜﻢ‬
‫‪POC‬‬

‫‪-------------------------------‬‬

‫‪om‬‬
‫‪.c‬‬
‫‪w‬‬
‫‪ro‬‬
‫‪or‬‬ ‫‪----------------------------------‬‬
‫‪-m‬‬

‫‪ -‬ﻭ ﻫ ﻮ ﺍﻛﺜﺮ ﻣﺴﺘ ﻮﻯ ﺳﻌﺮﻯ ﺗﺤﺮ ﻙ ﻓﻴﻪ ﺍﻟﺴﻌﺮ ﺯﻣﻨﻴﺎ ﻭ ﻫ ﻮ ﻳﻌﺘﺒﺮ ﺍﻻ ﻁ ﻮ ﻝ ﻓﻰ ﻣﻨﺤﻨﻰ ﺍﻟﺘ ﻮﺯﻳﻊ ﻭﻫ ﻮ‬
‫ﻳﻤﺜﻞ ﺍﻟﺴﻌﺮ‬
‫ﺍﻟﻌﺎﺩ ﻝ ﻟﻜﻼ ﻣﻦ ﺍﻟﻤﺸﺘﺮﻳﻦ ﻭﺍﻟﺒﺎﺋﻌﻴﻦ‬
‫‪ex‬‬

‫*ﻣﻼﺣ ﻈﻪ*‬
‫ﻛﻠﻤﺎ ﺍﺯﺍﺣﺖ ‪ POC‬ﺍﻟﻰ ﺍﻋﻠﻰ ﻛﻠﻤﺎ ﺯﺍﺩ ﺍﻟﻤﺸﺘﺮﻳﻦ ﻗ ﻮﻩ ﻭﺍﻟﻌﻜ ﺲ ﺻﺤﻴﺢ‬
‫‪or‬‬

‫‪-------------------------------‬‬
‫‪.f‬‬
‫‪w‬‬
‫‪w‬‬
‫‪w‬‬
 ‫‪ -2‬ﻣﻨ ﻄﻘﻪ ﺍﻟﻘﻴﻤﻪ‬
‫‪Value Area‬‬

‫‪------------------------------‬‬

‫‪om‬‬
‫‪.c‬‬
‫‪w‬‬
‫‪ro‬‬
‫‪or‬‬
‫‪--------------------------------------------‬‬
‫‪-m‬‬
‫ﻭﻫﻰ ﺗﻤﺜﻞ ‪ % 70‬ﻣﻦ ﻣﻨﺤﻨﻰ ﺍﻟﺘ ﻮﺯﻳﻊ ﻭﺗﺤﺘ ﻮﻯ ﻋﻠﻰ ﺍﻛﺜﺮ ﺗﻔﺎﻋﻞ ﺳﻌﺮﻯ ﺧﻼ ﻝ ﺗﻠﻚ ﺍﻟﻔﺘﺮﻩ‬
‫ﻭﻫﻰ ﻣﻦ ﺍﻫﻢ ﺍﻻﺩ ﻭﺍ ﺕ ﺣﻴﺚ ﺍ ﻥ ﻧ ﻈﺮﻳﻪ ﺍﻟﻤﺰﺍﻳﺪﻩ ﺗﻨ ﺺ ﻋﻠﻰ ﺍ ﻥ ﺍﻟﺒﺎﺋﻌﻴﻦ ﻭﺍﻟﻤﺸﺘﺮﻳﻦ ﻳﺘﺪﺍ ﻭﻟ ﻮ ﻥ‬
‫ﺑﻘﻴﻤﻪ ﺍﻻ ﺳﻌﺎﺭ‬
‫‪ex‬‬

‫ﻭﻟﻴ ﺲ ﻣﺠﺮﺩ ﺍ ﺳﻌﺎﺭ ﻁﻠﺐ ﻭﺍ ﺳﻌﺎﺭ ﻋﺮ ﺽ‬

‫‪or‬‬

‫*ﻣﻼﺣ ﻈﻪ*‬
‫‪-----------------‬‬
‫‪.f‬‬

‫‪ -1‬ﺍﻻﺗﺠﺎﻩ ﺻﺎﻋﺪ ﺍﺫﺍ ﻛﺎﻧﺖ ﺍﻟﻘ ﻴﻤﻪ ﺍﻟﺤﺎﻟﻴﻪ ﺍﻋﻠﻰ ﻣﻦ ﻗﻴﻤﻪ ﺍﻟﻴ ﻮﻡ ﺍﻟﺴﺎﺑ ﻖ‬
‫‪w‬‬

‫‪ -2‬ﺍﻻﺗﺠﺎﻩ ﻫﺎﺑ ﻂ ﺍﺫﺍ ﻛﺎﻧﺖ ﺍﻟﻘﻴﻤﻪ ﺍﻟﺤﺎﻟﻴﻪ ﺍ ﻗﻞ ﻣﻦ ﺍﻟﻘﻴﻤﻪ ﺍﻟﻴ ﻮﻡ ﺍﻟﺴﺎﺑ ﻖ‬

‫‪ -3‬ﺍﻻﺗﺠﺎﻩ ﺟﺎﻧﺒﻰ ﺍﺫﺍ ﻛﺎﻧﺖ ﺍﻟﻘﻴﻤﻪ ﺍﻟﺤﺎﻟﻴﻪ ﺩﺍﺧﻞ ﺍﻟﻘﻴﻤﻪ ﻟﻠﻴ ﻮﻡ ﺍﻟﺴﺎﺑ ﻖ‬
‫‪w‬‬
‫‪w‬‬

‫‪--------------------------------------------------------‬‬

‫‪ -3‬ﺫﻳﻞ ﺍﻟﺸﺮﺍء ‪ /‬ﺫﻳﻞ ﺍﻟﺒﻴﻊ‬

‫‪Buy/sell Tail‬‬
 ‫‪-------------------------------‬‬
‫*ﺫﻳﻞ ﺍﻟﺸﺮﺍء*‬
‫‪------------------‬‬
‫ﻫ ﻮ ﺍ ﻗﻞ ﻣﺴﺘ ﻮﻯ ﺳﻌﺮﻯ ﻓﻰ ﻣﻨﺤﻨﻰ ﺍﻟﺘ ﻮﺯﻳﻊ ﻭ ﻫ ﻮ ﻳﻤﺜﻞ ﻧﺸﺎ ﻁ ﺗﺤﻔﻴﺰ ﺷﺮﺍﺋﻰ‬

‫‪om‬‬
‫*ﺫﻳﻞ ﺍﻟﺒﻴﻊ *‬
‫‪--------------------‬‬
‫ﻫ ﻮ ﺍﻋﻠﻰ ﻣﺴﺘ ﻮﻯ ﺳﻌﺮﻯ ﻓﻰ ﻣﻨﺤﻨﻰ ﺍﻟﺘ ﻮﺯﻳﻊ ﻭ ﻫ ﻮ ﻳﻤﺜﻞ ﻧﺸﺎ ﻁ ﺗﺤﻔﻴﺰ ﺑﻴﻌﻰ‬

‫‪.c‬‬
‫‪ow‬‬
‫‪--------------------------------------------------------‬‬

‫‪ -4‬ﺍﻟﺘ ﻮﺍﺯ ﻥ ﺍﻟﻤﺒﺪﺍﺋﻰ‬

‫‪Inital balance‬‬

‫‪r‬‬
‫‪-------------------------------‬‬
‫‪or‬‬
‫ﻭﻫﻰ ﺗﻤﺜﻞ ﺍﻟﻔﺘﺮﺍﺗﻴﻦ ﺍﻟﺰﻣﻨﻴﺘﻴﻦ ﺍﻻ ﻭﻟﻰ ﻓﻰ ﺑﺪﺍﻳﻪ ﺍﻟﻴ ﻮﻡ ﺣﻴﺚ ﺗﻤﺜﻞ ﺭﺩ ﻓﻌﻞ ﺍﻟﺒﺎﺋﻌﻴﻦ ﻭﺍﻟﻤﺸﺘﺮﻳﻦ‬
‫‪m‬‬
‫ﻣﻦ ﺳﻌﺮ ﺍﻻ ﻓﺘﺘﺎﺡ ﺣﻴﺚ ﺗﻌ ﻄﻴﻨﺎ ﺑﻴﺎﻧﺎ ﺕ ﺍ ﻭﻟﻴﻪ ﻋﻦ ﺍﺗﺠﺎﻩ ﻋﻤﻠﻴﻪ ﺍﻟﻤﺰﺍﻳﺪﻩ‬
‫‪---------------------------------------------‬‬
‫‪-‬‬
‫‪ex‬‬

‫‪ -5‬ﺳﻌﺮ ﺍﻻ ﻓﺘﺘﺎﺡ‬
‫‪or‬‬

‫‪open price‬‬

‫‪-----------------------------------‬‬
‫‪.f‬‬

‫ﻭ ﻫ ﻮ ﺍﻟﺴﻌﺮ ﺍﻟﺬﻯ ﺗﺒﺪﺍء ﺑﻴﻪ ﺍﻟﻤﺰﺍﻳﺪﻩ ﺑﻴﻦ ﺍﻟﻤﺸﺘﺮﻳﻦ ﻭﺍﻟﺒﺎﺋﻌﻴﻦ ﻓﻰ ﻓﺘﺮﺗﻬﺎ ﺍﻻ ﻭﻟﻰ‬
‫‪w‬‬

‫ﻭ ﻫ ﻮ ﻣﻦ ﺍ ﻫﻢ ﺍﻟﻤﺴ ﻮﻳﺎ ﺕ ﻭﺧ ﺼ ﻮ ﺻﺎ ﻋﻨﺪ ﺩﺭﺍ ﺳﺘﻪ ﻣﻊ ‪ TPO‬ﻟﻠﻔﺘﺮﻩ ﺍﻟﺴﺎﺑﻘﻪ‬

‫‪---------------------------------‬‬
‫‪w‬‬
‫‪w‬‬
 ‫*ﺍﻧ ﻮﺍﻉ ﺍ ﺳﻌﺎﺭ ﺍﻻ ﻓﺘﺘﺎﺡ*‬

‫‪----------------------‬‬
‫‪1-open Drive‬‬

‫‪om‬‬
‫‪.c‬‬
‫‪r‬‬ ‫‪ow‬‬
‫‪or‬‬
‫‪m‬‬

‫‪----------------------------‬‬
‫‪-‬‬
‫‪ex‬‬

‫‪------------------------‬‬

‫ﻭﻳﻤﺜﻞ ﺳﻌﺮ ﺍﻻ ﻓﺘﺘﺎﺡ ﻓﻰ ﻫﺬﻩ ﺍﻟﺤﺎﻟﻪ ﺍﻋﻠﻰ ﺍ ﻭ ﺍ ﻗﻞ ﺳﻌﺮ ﻓﻰ ﺍﻟﻔﺘﺮﻩ‬

‫‪or‬‬

‫ﺣﻴﺚ ﺗﺴﻴ ﻄﺮ ﺍﺣﺪ ﺍﻟﻘ ﻮﻩ ﻋﻠﻰ ﺍﻟﺴ ﻮ ﻕ ﻣﻨﺬ ﺑﺪﺍﻳﺘﻪ‬

‫‪------------------------------------------------‬‬
‫‪.f‬‬
‫‪w‬‬
‫‪w‬‬
‫‪w‬‬
 ‫‪2-Open test Drive‬‬

‫‪om‬‬
‫‪.c‬‬
‫‪ow‬‬
‫‪-----------------------------‬‬

‫‪r‬‬
‫‪---------------------------------‬‬
‫‪or‬‬
‫ﻭﻳﻤﺜﻞ ﺳﻌﺮ ﺍﻻ ﻓﺘﺘﺎﺡ ﻓﻰ ﻫﺬﻩ ﺍﻟﺤﺎﻟﻪ ﻗﺮﻳﺐ ﺍﻟﻰ ﺍﻋﻠﻰ ﺍ ﻭ ﺍ ﻗﻞ ﺳﻌﺮ ﻓﻰ ﺍﻟﻔﺘﺮﻩ‬
‫‪m‬‬
‫ﺣﻴﺚ ﺗﺴﻴ ﻄﺮ ﺍﺣﺪ ﺍﻟﻘ ﻮﻩ ﻋﻠﻰ ﺍﻟﺴ ﻮ ﻕ ﻣﻨﺬ ﺑﺪﺍﻳﺘﻪ ﻭﻟﻜﻦ ﺳﺮﻋﺎ ﻥ ﻣﺎ ﺗﺴﻴ ﻄﺮ ﺍﻟﻘ ﻮﻩ ﺍﻻﺧﺮﻯ ﻋﻠﻰ‬
‫ﺍﻻﺗﺠﺎﻩ‬
‫ﻭﻳﻨﺪ ﻓﻊ ﺍﻟﺴﻌﺮ ﻓﻰ ﺍﻻﺗﺠﺎﻩ ﺍﻟﻤﻌﺎﻛ ﺲ‬
‫‪-‬‬
‫‪ex‬‬

‫‪----------------------------------------‬‬

‫‪3-Open Rejecton Reverse‬‬

‫‪or‬‬

‫‪-------------------------------------‬‬
‫‪.f‬‬
‫‪w‬‬
‫‪w‬‬
‫‪w‬‬
‫ﻳﺒﺪﺍء ﺍﻻﺗﺠﺎﻩ ﻣﻨﺬ ﺳﻌﺮ ﺍﻻ ﻓﺘﺘﺎﺡ ﻓﻰ ﺍﺗﺠﺎﻩ ﻗ ﻮﻯ ﻓﻰ ﺍﺣﺪ ﺍﻻ ﻁﺮﺍ ﻑ ﻭﻟﻜﻦ ﺑﻌﺪ ﻓﺘﺮﻩ ﻳﺒﺪﺍء ﺑﺎﻻﺗﺠﺎﻩ‬
‫ﻟﻠﻘ ﻮﻩ ﺍﻟﻤﻌﺎﻛﺴﻪ‬
‫‪--------------------------------------------‬‬

‫‪4- Open Auction‬‬

‫‪om‬‬
‫‪.c‬‬
‫‪r‬‬ ‫‪ow‬‬
‫‪-------------------------------‬‬
‫‪or‬‬
‫‪m‬‬
‫‪-----------------------------------------‬‬

‫ﻭ ﻓﻰ ﻫﺬﺍ ﺍﻟﻨ ﻮﻉ ﻳﻜ ﻮ ﻥ ﺍﻟﺴﻌﺮ ﻁ ﻮﺍ ﻝ ﻓﺘﺮﻩ ﺍﻟﺘﺪﺍﻭ ﻝ ﻳﺘﻤﺤ ﻮﺭ ﺣ ﻮﻟﻪ ﺣﺮﻛﻪ ﺍﻟﺴ ﻮ ﻕ ﻓﻰ ﺷﻜﻞ ﺗﺬﺑﺬﺑﻰ‬
‫‪-‬‬

‫‪--------------------------------------‬‬
‫‪ex‬‬

‫**ﺍﻟﻌﻼ ﻗﻪ ﺑﻴﻦ ﺳﻌﺮ ﺍﻻ ﻓﺘﺘﺎﺡ ﻭﻣﻨ ﻄﻘﻪ ﺍﻟﻘﻴﻤﻪ**‬

‫‪or‬‬

‫‪----------------------------------------------‬‬
‫‪1-open inside value‬‬
‫‪.f‬‬

‫‪-------------------------------------‬‬
‫‪w‬‬
‫‪w‬‬
‫‪w‬‬
 ‫‪om‬‬
‫‪.c‬‬
‫‪---------------------------------------‬‬

‫‪ow‬‬
‫ﺣﻴﺚ ﻳﻜ ﻮ ﻥ ﺳﻌﺮ ﺍﻻ ﻓﺘﺘﺎﺡ ﻓﻰ ﺑﺪ ﺍﻳﻪ ﺍﻟﻤﺰﺍﻳﺪﻩ ﺩﺍﺧﻞ ﻣﻨ ﻄﻘﻪ ﺍﻟﻘﻴﻤﻪ‬
‫ﺣﻴﺚ ﺗﺸﻜﻞ ﺍﻋﻠﻬﺎ ﻭﺍﺩﻧﺎﻫﺎ ﻣﺴﺘ ﻮﻯ ﺩﻋﻢ ﺍ ﻭ ﻣﻘﺎ ﻭﻣﻪ ﻣﻬﻤﻪ‬

‫‪r‬‬
‫‪or‬‬
‫‪--------------------------------------------‬‬

‫‪2-open outside value‬‬

‫‪-‬‬ ‫‪m‬‬
‫‪ex‬‬
‫‪or‬‬
‫‪.f‬‬
‫‪w‬‬

‫‪----------------------------------------‬‬
‫‪w‬‬

‫‪------------------------------------------‬‬
‫‪w‬‬

‫ﺣﻴﺚ ﻳﻜ ﻮ ﻥ ﺳﻌﺮ ﺍﻻ ﻓﺘﺘﺎﺡ ﻓﻰ ﺑﺪﺍﻳﻪ ﺍﻟﻤﺰﺍﻳﺪﻩ ﺧﺎﺭﺝ ﻣﻨ ﻄﻘﻪ ﺍﻟﻘﻴﻤﻪ‬

‫ﻭﻳﺮ ﻓﻊ ﺍﺣﺘﻤﺎﻻ ﺕ ﺍﻟﺘﺪﺍﻭ ﻝ ﺧﺎﺭﺝ ﻣﺠﺎ ﻝ ﺍﻟﻘﻴﻤﻪ ﺍﻟﺴﺎﺑﻘﻪ‬
‫‪-----------------------------------------------‬‬
 ‫‪3-open outside the Range‬‬

‫‪om‬‬
‫‪.c‬‬
‫‪w‬‬
‫‪ro‬‬
‫‪------------------------------------------‬‬

‫‪or‬‬
‫‪----------------------------------------‬‬
‫‪-m‬‬

‫ﺣﻴﺚ ﻳﻜ ﻮ ﻥ ﺳﻌﺮ ﺍﻻ ﻓﺘﺘﺎﺡ ﻓﻰ ﺑﺪﺍﻳﻪ ﺍﻟﻤﺰﺍﻳﺪﻩ ﺧﺎﺭﺝ ﺍﻟﻤﺪﻯ ﺍﻟﺴﺎﺑ ﻖ ﺑﺎﻟﻜﺎﻣﻞ‬

‫‪ex‬‬

‫****************************‬
‫**ﻧﻤﺎﺫﺝ ﻣﻨﺤﻨﻰ ﺍﻟﺘ ﻮﺯﻳﻊ**‬
‫‪or‬‬

‫‪----------------------------------‬‬
‫‪.f‬‬

‫‪1- Primary Patern‬‬

‫‪------------------------------------------‬‬
‫‪w‬‬
‫‪w‬‬
‫‪w‬‬
 ‫‪------------------------------------‬‬
‫ﻳﺘﻤﻴﺰ ﻫﺬﺍ ﺍﻟﻨﻤ ﻮﺫﺝ ﺑﻘﺎﻋﺪﻩ ﻣﻦ ﺍﻻﺗﺰﺍ ﻥ ﺍﻟﻤﺒﺪﺍﺋﻰ ﻋﺮﻳ ﻀﻪ ﻭﺫﻟﻚ ﻳﺮﺟﻊ ﺍﻟﻰ ﺗ ﻮﺍﺟﺪ ﺍﻟﻤﺸﺘﺮﻳﻦ‬
‫ﻭﺍﻟﺒﺎﺋﻌﻴﻦ ﻣﻨﺬ ﺑﺪﺍﻳﻪ‬

‫‪om‬‬
‫ﺍﻟﻤﺰﺍﻳﺪﻩ ﻭﻳﺘﻤﻴﺰ ﺑ ﻮﺟ ﻮﺩ ﺍﺫﻳﻞ ﺍﻟﺸﺮﺍء ﻭﺍﻟﺒﻴﻊ‬
‫‪--------------------------------------‬‬

‫‪.c‬‬
‫‪2- Variaton of Primary Patern‬‬

‫‪w‬‬
‫‪ro‬‬
‫‪or‬‬
‫‪-m‬‬
‫‪ex‬‬
‫‪or‬‬
‫‪.f‬‬

‫‪--------------------------------------------‬‬
‫‪w‬‬

‫‪----------------------------------------------‬‬
‫ﻳﺸﺒﻪ ‪ Primary Patern‬ﻭﻟﻜﻦ ﺑﺴﺒﺐ ﻏﻴﺎ ﺏ ﺍﺣﺪ ﺍﻻ ﻁﺮﺍ ﻑ ﻓﻰ ﺍﻟﺒﺪﺍﻳﻪ ﻳﺘﺤﺮ ﻙ ﺍﻻﺗﺠﺎﻩ ﻓﻰ ﺑﺪﺍﻳﺘﻪ‬
‫‪w‬‬

‫ﺗﻜ ﻮﻳﻨﻪ ﻧﻤ ﻮﺫﺝ‬

‫ﻓﻰ ﺑﺪﺍﻳﻪ ﺍﻟﻔﺘﺮﻩ ﻭﻟﻜﻦ ﺳﺮﻋﺎ ﻥ ﻣﺎ ﺗﺮﺟﻊ ﺍﻟﺘ ﻮﺍﺯ ﻥ ﻣﺮﻩ ﺍﺧﺮﻯ ﺑﺴﺒﺐ ﺩﺧ ﻮ ﻝ ﺍﻟ ﻄﺮ ﻑ ﺍﻻﺧﺮ‬
‫‪w‬‬

‫‪----------------------------------------------------------‬‬
‫‪3- Trend Patern‬‬

‫‪-------------------------------------------‬‬
 ‫‪-----------------------------------‬‬
‫ﻳﺘﻴﻤﺰ ﻫﺬﺍ ﺍﻟﻨﻤ ﻮﺫﺝ ﺑﻘ ﻮﻩ ﺍﺣﺪ ﻁﺮ ﻓﻴﻦ ﺍﻟﻤﺰﺍﻳﺪﻩ ﻁ ﻮﺍ ﻝ ﻓﺘﺮﻩ ﺍﻟﻨﻤ ﻮﺫﺝ ﺍﻟﺰﻣﻨﻴﻪ ﻟﻴﻜ ﻮ ﻥ ﺍﺗﺠﺎﻩ ﻭﺍ ﺿﺢ‬
‫‪------------------------------------‬‬
‫‪4- Double Distributon Trend Patern‬‬

‫‪om‬‬
‫‪.c‬‬
‫‪w‬‬
‫‪ro‬‬
‫‪or‬‬
‫‪-----------------------------------------------‬‬
‫‪-m‬‬

‫‪---------------------------‬‬
‫ﻳﺘﻤﻴﺰ ﻫﺬﺍ ﺍﻟﻨﻤ ﻮﺫﺝ ﺑﻬﺪ ﻭء ﺍﻟﺘﺪﺍ ﻭ ﻝ ﻓﻰ ﺍ ﻭ ﻝ ﻓﺘﺮﻩ ﺍﻟﻤﺰﺍﻳﺪﻩ ﻣﻤﺎ ﻳﺴﺒﺐ ﻗﺎﻋﺪﻩ ﺍﺗﺰﺍ ﻥ ﻛﺒﻴﺮﻩ‬
‫‪ex‬‬

‫ﻧﺴﺒﻴﻪ ﺛﻢ ﻳﺒﺪﺍء ﺍﺣﺪ‬

‫ﺍﻟ ﻄﺮ ﻓﻴﻦ ﺑﺎﻟﺴﻴ ﻄﺮﻩ ﻭﻳﺒﺪﺍء ﺍﻻﺗﺠﺎﻩ ﺣﻴﺚ ﺗﺸﻜﻞ ﻗﺎﻋﺪﻩ ﻋﺮﻳ ﻀﻪ ﺣ ﻮ ﻝ ‪POC‬‬
‫‪or‬‬

‫‪------------------------------------------------------‬‬
‫‪.f‬‬
‫‪w‬‬
‫‪w‬‬
‫‪w‬‬
 ‫‪5- Balanced Patern‬‬

‫‪om‬‬
‫‪.c‬‬
‫‪w‬‬
‫‪ro‬‬
‫‪or‬‬ ‫‪-----------------------------------‬‬

‫‪----------------------------‬‬
‫‪-m‬‬
‫‪ex‬‬

‫ﻳﺘﻤﻴﺰ ﺑﺎﻋﺘﺪﺍ ﻝ ﺍﻟﺤﺠﻢ ﺣﻴﺚ ﺗﻜ ﻮ ﻥ ﺍﻟﻘ ﻮﻩ ﻻﺣﺪ ﺍﻟ ﻄﺮ ﻓﻴﻦ ﻓﻰ ﺍﻟﺒﺪﺍﻳﻪ ﺛﻢ ﺗﻨ ﻌﻜ ﺲ ﺍﻟﻘ ﻮﻩ‬
‫ﻟﻠ ﻄﺮ ﻑ ﺍﻻﺧﺮ ﻭﻳﺘﻤﻴﺰ ﺑﻜﺒﺮ‬
‫‪or‬‬

‫ﺣﺠﻢ ‪ POC‬ﻭﻏﺎﻟﺒﺎ ﺗﻜ ﻮ ﻥ ﻓﻰ ﺍﻟﻤﻨﺘ ﺼ ﻒ ﺍ ﻭ ﻗﺮﻳﺒﻪ ﻣﻨﻪ‬

‫***********************‬
‫‪.f‬‬

‫ﻧ ﻈﺮﺍ ﻻﻫﻤﻴﻪ ﺍﻟ ﺘﺤﻠﻴﻞ ﺑ ﺎ ﺳﺘﺨﺪﺍﻡ ﺍﻟﻤﺎﺭﻛﺖ ﺑﺮ ﻭ ﻓﺎﻳﻞ ﻣﻦ ﻣﻨﺤﻨﻰ ﺍﻟﺘ ﻮﺯﻳﻊ ﻭﺗﺤﻠﻴﻞ ﺍﻟﺴﻴ ﻮﻟﻪ ﺳﻴﺘﻢ‬
‫ﺷﺮﺣﻪ ﻋﻠﻰ ﻓﺪﻳ ﻮ ﻓﻰ ﻣﻨﺘﺪﺍﻧﺎ ﻓ ﻮﺭﻛ ﺲ ﺍﻟﻐﺪ ﻛﺎﻣﻼ‬
‫‪w‬‬

‫**********************‬
‫‪w‬‬

‫**ﻛﻴﻔﻴﻪ ﻗﺮﺍءﻩ ﺍﻟﺴ ﻮ ﻕ ﺑﺎ ﺳﺘﺨﺪﺍﻡ ﺍﻟﻤﺎﺭﻛﺖ ﺑﺮ ﻭ ﻓﺎﻳﻞ**‬

‫‪w‬‬

‫***************************************‬
‫ﺳﻴﺘﻢ ﺷﺮﺣﻬﺎ ﻛﺎﻣﻼ ﻓﻰ ﺳﻠﺴﻠﻪ ﻓﺪﻳ ﻮ ﺗﻌﻠﻴ ﻤﻪ ﻓﻰ ﻣﻨﺘﺪﻳﺎ ﺕ ﻓ ﻮﺭﻛ ﺲ ﺍﻟﻐﺪ‬
‫ﻧ ﻈﺮﺍ ﻻﻫﻤﻴﻪ ﺍﻟﻤ ﻮ ﺿ ﻮﻉ ﻭﻛﺒﺮ ﺣﺠﻤﻪ‬
 ‫ﺍﻟﻔ ﺼﻞ ﺍﻟﺨﺎﻣ ﺲ‪ :‬ﺍﻻﺗﺰﺍ ﻥ ﺍﻟﺴﻌﺮﻯ‬
‫‪((ichemoko kynko hyoyy‬‬

‫**************************‬

‫‪om‬‬
‫*ﻣﺨﺘﺮﻋﻪ ﺍﻟﺴﻴﺪ ﻫ ﻮ ﺳ ﻮﺩﺍ ﻭﻫ ﻮ ﻳﺎﺑﺎﻧﻰ ﺍﻻ ﺻﻞ ﺣﻴﺚ ﺍﻣ ﻀﻰ ﺍﻛﺜﺮ ﻣﻦ ‪ 20‬ﻋﺎﻡ ﻓﻰ ﺗ ﻄ ﻮﻳﺮ ﺍﻟﻨ ﻈﺎﻡ‬
‫ﺣﺘﻰ ﻧﺠﺢ ﻓﻰ ﺻﻨﻌﻪ ﻭﻧﺠﺢ ﻓﻰ ﺗ ﻄﺒﻴﻘﺎﺗﻪ ﻓﻰ ﺟﻤﻴﻊ ﺍﻧ ﻮﺍﻉ ﺍﻻ ﺳ ﻮﺍ ﻕ ﺍﻟﻤﺎﻟﻴﻪ ﻭﻋﻠﻰ ﺟﻤﻴﻊ ﺍﻟﻔﺘﺮﺍ ﺕ‬

‫‪.c‬‬
‫*ﻳﻌﺘﺒﺮ ﺍﻻﻳﺸﻴﻤﻜ ﻮﺍ ﻛﻴﻨﻜ ﻮﺍ ﻫﺎﻳ ﻮ ﺻﻨﻊ ﺧ ﺼﻴ ﺼﺎ ﻟﺪﺭﺍ ﺳﻪ ﺍﻟﺴﻠ ﻮ ﻙ ﺍﻟﺴﻌﺮﻯ ﻟﺸﺎﺭﺍ ﺕ ﺍﻟﺸﻤ ﻮﻉ‬
‫ﺍﻟﻴﺎﺑﻨﻴﻪ ﺍﻟﻤﺸﻬ ﻮﺭﻩ‬

‫‪ow‬‬
‫*ﻳﺘﻜ ﻮ ﻥ ﺍﻻﻳﺸﻴﻤ ﻮﻛ ﻮﺍ ﻛﻴﻨﻜ ﻮﺍ ﻫﺎﻳ ﻮ ﻣﻦ ‪ 5‬ﺧ ﻄ ﻮ ﻁ ﻭ ﻫ ﻮ ﻋﺒﺎﺭﻩ ﻋﻦ ﻧ ﻈﺎﻡ ﻣﺘﻜﺎﻣﻞ ﻗﺎﺩﺭ ﻣﻨﻔﺮﺩﺍ‬
‫ﺣﻴﺚ ﻳﻬﺘﻢ ﺑﺪﺭﺍ ﺳﻪ ﺍﻻﺗﺰﺍ ﻥ ﺍﻟﺴﻌﺮﻯ ﻭﻣﻘﺪﺍﺭ ﺗﻐﻴﺮﻩ‬

‫‪r‬‬
‫****************************‬
‫‪or‬‬
‫‪-‬‬ ‫‪m‬‬
‫‪ex‬‬
‫‪or‬‬
‫‪.f‬‬
‫‪w‬‬

‫*****************************‬
‫ﻓﻮﺍﺋﺪ ﻧﻈﺎﻡ ﺍﻻﻳﺸﻴﻤﻮﻛﻮﺍ ﻛﻴﻨﻜﻮﺍ ﻫﺎﻳﻮ ‪-:‬‬
‫‪w‬‬

‫‪----------------------------------‬‬
‫‪w‬‬

‫‪ -1‬ﺳﻬﻮﻟﻪ ﺍﻟﺘﻄﺒﻴﻖ ﻓﻰ ﺟﻤﻴﻊ ﺍﻻﺳﻮﺍﻕ ﺍﻟﻤﺎﻟﻴﻪ‬

‫‪-2‬ﺩﺭﺍﺳﻪ ﺍﻟﺸﺎﺭﺕ ﺑﻄﺮﻳﻘﻪ ﻓﻌﺎﻟﻪ ﺣﻴﺚ ﻳﻌﺘﺒﺮ ﺗﻄﻮﻳﺮ ﻟﻠﻤﺘﻮﺳﻄﺎﺕ ﺍﻟﻤﺘﺤﺮﻛﻪ ﺍﻟﺘﻘﻠﻴﺪﻳﻪ‬
‫‪-3‬ﺩﺭﺍﺳﻪ ﺍﻟﺴﻮﻕ ﻋﻦ ﻁﺮﻳﻖ ﺭﺑﻂ ﺍﻟﻤﺎﺿﻰ ﺑﺎﻟﺤﺎﺿﺮ ﻋﻦ ﻁﺮﻳﻖ ﺗﺤﺪﻳﺪ ﺍﻣﺎﻛﻦ ﺍﻻﺗﺰﺍﻥ ﺍﻟﺴﻌﺮﻯ‬
‫‪ -4‬ﺳﻬﻮﻟﻪ ﺩﺭﺍﺳﻪ ﺍﻟﺴﻠﻮﻙ ﺍﻟﺴﻌﺮﻯ ﻟﻠﺸﻤﻮﻉ ﺍﻟﻴﺎﺑﺎﻧﻴﻪ ﺣﻴﺚ ﺍﻧﻪ ﺍﺧﺘﺮﻉ ﺧﺼﻴﺼﺎ ﻟﻬﺬﺍ ﺍﻟﻬﺪﻑ ﻭﻟﺮﺑﻂ ﺫﻟﻚ ﻣﻊ ﻣﻌﺪﻻﺕ ﺍﻟﺘﻐﻴﺮﻓﻰ‬
‫ﺍﻻﺗﺰﺍﻥ ﺍﻟﺴﻌﺮﻯ‬
 ‫‪ -5‬ﺳﻬﻮﻟﻪ ﺍﻟﺘﻄﺒﻴﻖ ﻭﺩﺭﺍﺳﻪ ﺍﻟﺒﻨﻴﻪ ﺍﻟﺴﻌﺮﻳﻪ ﻭﺭﺑﻄﻬﺎ ﻣﻊ ﺍﻟﺴﻠﻮﻙ ﺍﻟﺴﻌﺮﻯ‬

‫***********************************************************‬

‫ﻟﻘﺪ ﺫﻛﺮﻧﺎ ﺳﺎﺑﻘﺎ ﺍﻥ ﺍﻟﻨﻈﺎﻡ ﻳﺘﻜﻮﻥ ﻣﻦ ﺧﻤﺲ ﺧﻄﻮﻁ ﺟﻤﻴﻌﻬﻢ ﻫﺎﻡ ﻭﺍﻟﺠﻤﻴﻊ ﻳﺪﻋﻢ ﺑﻌﻀﻪ ﺍﻟﺒﻌﺾ‬
‫‪-----------------------------------------------------------------------------‬‬

‫‪om‬‬
‫ﺍﻟﺨﻂ ﺍﻻﻭﻝ ‪:‬ﺍﻟﺸﻴﻨﻜﻮﺍ ﺳﺒﺎﻥ‬
‫‪--------------------------‬‬

‫‪.c‬‬
‫‪r‬‬ ‫‪ow‬‬
‫‪or‬‬
‫‪m‬‬

‫‪------------------------‬‬
‫‪-‬‬
‫‪ex‬‬

‫ﺗﻌﺮﻳﻔﻪ ‪:‬ﻫﻮﻋﺒﺎﺭﻩ ﻋﻦ ﺍﻟﻤﺘﻮﺳﻂ ﺍﻟﺒﺴﻴﻂ ﻟﺘﺤﺮﻙ ﺍﻟﺴﻌﺮ ﻟﻜﻞ ﻭﺣﺪﻩ ﻣﺰﺍﺡ ﻟﻠﺨﻠﻒ ‪ 26‬ﻭﺣﺪﻩ ﺳﻌﺮﻳﻪ‬

‫ﺍﻫﻤﻴﺘﻪ ‪:‬‬
‫‪or‬‬

‫‪--------‬‬

‫‪-1‬ﻳﻌﺘﺒﺮ ﻣﻮﺍﺷﺮ ﺍﻟﻤﻮﻣﻨﺘﻢ ﺍﻟﺨﺎﺹ ﺑﺎﻻﻳﺸﻴﻤﻮﻛﻮﺍ ﻛﻴﻨﻜﻮ ﻫﺎﻳﻮﺍ ﺣﻴﺚ ﻳﻮﺿﺢ ﻧﻮﻉ ﺍﻻﺗﺠﺎﻩ ﺧﻼﻝ ﺭﺑﻂ ﺍﻟﺴﻌﺮ ﺍﻟﺤﺎﻟﻰ ﺑﺤﺎﻟﺘﻪ ﻗﺒﻞ ‪26‬‬
‫‪.f‬‬

‫ﻭﺣﺪﻩ ﺳﺎﺑﻘﻪ‬
‫ﺃ( ﺍﺫﺍ ﺍﻟﺸﻴﻨﻜﻮﺍ ﺳﺒﺎﻥ ﺍﻋﻠﻰ ﻣﻦ ﺍﻟﺴﻌﺮ ﺍﻟﺴﺎﺑﻖ ﻝ‪ 26‬ﻭﺣﺪﻩ ﺳﻌﺮﻳﻪ ﻛﺎﻥ ﺍﻻﺗﺠﺎﻩ ﻳﺪﻝ ﻋﻠﻰ ﺍﻟﺼﻌﻮﺩ‬
‫‪w‬‬

‫‪---------------------‬‬
‫‪w‬‬

‫ﺏ(ﺍﺫﺍ ﻛﺎﻥ ﺍﻟﺸﻴﻨﻜﻮﺍ ﺳﺒﺎﻥ ﺍﻗﻞ ﻣﻦ ﺍﻟﺴﻌﺮ ﺍﻟﺴﺎﺑﻖ ﻝ‪ 26‬ﻭﺣﺪﻩ ﺳﻌﺮﻳﻪ ﻛﺎﻥ ﺍﻻﺗﺠﺎﻩ ﻳﺪﻝ ﻋﻠﻰ ﺍﻟﻬﺒﻮﻁ‬
‫‪w‬‬

‫‪-------------------‬‬

‫‪-2‬ﻳﻌﺘﺒﺮ ﻣﻮﺍﺷﺮ ﺍﻟﻤﻮﻣﻨﺘﻢ ﺍﻟﺨﺎﺹ ﺑﺎﻻﻳﺸﻴﻤﻮﻛﻮﺍ ﻛﻴﻨﻜﻮ ﻫﺎﻳﻮﺍ ﺣﻴﺚ ﻳﻮﺿﺢ ﻗﻮﻩ ﺍﻻﺗﺠﺎﻩ ﺧﻼﻝ ﺭﺑﻂ ﺍﻟﺴﻌﺮ ﺍﻟﺤﺎﻟﻰ ﺑﺤﺎﻟﺘﻪ ﻗﺒﻞ ‪26‬‬
‫ﻭﺣﺪﻩ ﺳﺎﺑﻘﻪ‬
 ‫ﺃ( ﺍﺫﺍ ﻛﺎﻥ ﺍﻟﺸﻴﻨﻜﻮﺍ ﺳﺎﻗﻂ ﺑﻘﻮﻩ ﻣﻊ ﺍﻟﺴﻌﺮ ﻭﺑﻌﻴﺪﺍ ﻋﻨﻪ ﻛﺎﻥ ﺍﻻﺗﺠﺎﻩ ﻗﻮﻯ‬
‫ﺏ( ﺍﺫﺍ ﻛﺎﻥ ﺍﻟﺸﻴﻨﻜﻮﺍ ﻣﺘﺪﺍﺧﻞ ﻭﻣﺘﻘﺎﻁﻊ ﻣﻊ ﺍﻟﺴﻌﺮ ﻛﺎﻥ ﺍﻻﺗﺠﺎﻩ ﺿﻌﻴﻒ ﻭﻣﺘﺬﺑﺬﺏ‬

‫‪om‬‬
‫‪.c‬‬
‫‪r‬‬ ‫‪ow‬‬
‫‪or‬‬
‫ﻣﻼﺣﻈﻪ ﻫﺎﻣﻪ ﻛﻠﻤﺎ ﺯﺍﺩ ﺍﻟﺘﺬﺑﺬﺏ ﺍﻟﺸﻴﻨﻜﻮﺍ ﺳﺒﺎﻥ ﻛﺎﻥ ﺍﻻﺗﺠﺎﻩ ﺍﺿﻌﻒ ‪//‬ﻛﻠﻤﺎ ﺯﺍﺩﺕ ﺍﺳﺘﻘﺎﻣﻪ ﺍﻟﺸﻴﻨﻜﻮﺍ ﺳﺒﺎﻥ ﻛﺎﻥ ﺍﻻﺗﺠﺎﻩ ﺍﻗﻮﻯ‬
‫‪m‬‬
‫****************************************‬

‫ﺝ(ﻧﺴﺘﻄﻴﻊ ﻋﻦ ﻁﺮﻳﻖ ﺍﻟﺸﻴﻨﻜﻮﺍ ﺳﺎﻥ ﺍﻥ ﻧﺤﺪﺩ ﻣﺴﺘﻮﻳﺎﺕ ﺍﻟﺪﻋﻮﻡ ﻭﺍﻟﻤﻘﻮﻣﺎﺕ ﺍﻟﻬﺎﻣﻪ‬

‫‪-‬‬
‫‪ex‬‬
‫‪or‬‬
‫‪.f‬‬
‫‪w‬‬
‫‪w‬‬
‫‪w‬‬

‫‪----------------------------------‬‬
 ‫ﺩ(ﺍﺳﺘﺨﺮﺍﺝ ﺩﺍﻳﻔﺮﺟﻨﺲ ﺍﻟﺸﻴﻨﻜﻮﺍ ﻭﻫﻮ ﻣﻦ ﺍﻗﻮﻯ ﺍﻟﻤﻮﺍﺷﺮﺍﺕ ﻓﻰ ﺍﻻﻳﺸﻴﻤﻮﻛﻮﺍ ﻛﻴﻨﻜﻮ ﻫﺎﻳﻮ‬

‫‪--------------------------‬‬

‫‪om‬‬
‫‪.c‬‬
‫‪r‬‬ ‫‪ow‬‬
‫‪---------------------------‬‬
‫‪or‬‬
‫ﺍﻟﺨﻂ ﺍﻟﺜﺎﻧﻰ ‪::‬ﺍﻟﺘﻨﻜﻴﻦ ﺳﻦ‬
‫‪-------------------------‬‬
‫‪m‬‬
‫ﺗﻌﺮﻳﻔﻪ ‪:‬ﻫﻮ ﻋﺒﺎﺭﻩ ﻋﻦ ﻣﺘﻮﺳﻂ ﺍﻋﻠﻰ ﻗﻤﻪ ﻭﺍﻗﻞ ﻗﺎﻉ ﻝ‪ 9‬ﻭﺣﺪﺍﺕ ﺳﻌﺮﻳﻪ ﺣﻴﺚ ﻳﻮﺿﺢ ﻟﻨﺎ ﻗﻮﻩ ﻭﻧﻮﻉ ﺍﻻﺗﺠﺎﻩ ﺻﻐﻴﺮ ﺍﻻﻣﺪ‬
‫ﻻﻧﻪ ﻳﻬﺘﻢ ﺑﺪﺭﺍﺳﻪ ﺍﻻﺗﺠﺎﻩ ﺧﻼﻝ ‪ 9‬ﻭﺣﺪﺍﺕ‬
‫‪----------------------‬‬
‫‪-‬‬
‫‪ex‬‬
‫‪or‬‬
‫‪.f‬‬
‫‪w‬‬
‫‪w‬‬
‫‪w‬‬

‫‪----------------------‬‬
‫ﻓ ﻮﺍﺋﺪﻩ‪:‬‬
‫‪--------‬‬

‫‪ -1‬ﺗﺤﺪﻳﺪ ﻧ ﻮﻉ ﺍﻻﺗﺠﺎﻩ ﻭﺍﻟﻘ ﻮﻩ ﺍﻟﻤﺴﻴ ﻄﺮﻩ ﻓﻰ ﺍﻟﻔﺘﺮﻩ ﺻﻐﻴﺮﻩ ﺍﻻﻣﺪ‬

 ‫ﺃ(ﺍﺫﺍ ﻛﺎ ﻥ ﺍﻟﺴﻌﺮ ﻓ ﻮ ﻗﻪ ﻛﺎ ﻥ ﺍﻻﺗﺠﺎﻩ ﺻﺎﻋﺪ‬
‫ﺏ(ﺍﺫﺍ ﻛﺎ ﻥ ﺍﻟﺴﻌﺮ ﺗﺤﺘﻪ ﻛﺎ ﻥ ﺍﻻﺗﺠﺎﻩ ﻫﺎﺑ ﻂ‬
‫‪--------------------------- --‬‬

‫‪om‬‬
‫‪.c‬‬
‫‪ow‬‬
‫‪-------------------------------‬‬

‫‪r‬‬
‫‪ -2‬ﺗﺤﺪﻳﺪ ﻗ ﻮﻩ ﺍﻻﺗﺠﺎﻩ ﺧﻼ ﻝ ﺍﻟﻔﺘﺮﻩ ﺻﻐﻴﺮﻩ ﺍﻻﻣﺪ‬
‫‪----------------------------- ------------------‬‬
‫‪or‬‬
‫*ﺍﺫﺍ ﻅﻬﺮ ﺕ ﺍﻧﺤﻨﺎﺋﺎ ﺕ ﺍﻟﺰﻭﺍﻳﻪ ﺍﻟﻌﻜﺴﻴﻪ ﺑﻜﺴﺮﻩ ﻛﺎ ﻥ ﺍﻻﺗﺠﺎﻩ ﺍﺯﺩﺍ ﺕ ﺻﻌﻔﺎ‬
‫‪-------------------------------‬‬
‫‪-‬‬ ‫‪m‬‬
‫‪ex‬‬
‫‪or‬‬
‫‪.f‬‬
‫‪w‬‬

‫‪-------------------------------‬‬
‫‪w‬‬

‫*ﺍﺫﺍ ﻛﺜﺮ ﺕ ﺗﻘﺎ ﻁﻊ ﺍﻟﺴﻌﺮ ﺻﻌ ﻮﺩﺍ ﻭﻫﺒ ﻮ ﻁﺎ ﺣ ﻮ ﻝ ﺍﻟﺘﻨﻜﻴﻦ ﺳﻦ ﺍﺯﺩﺍﺩ ﺍﻻﺗﺠﺎﻩ ﺻﻌﻔﺎ‬
‫*ﻛﻠﻤﺎ ﻗﻠﺖ ﺍﻧﺤﻨﺎﺋﺎ ﺕ ﺍﻟﺰ ﻭﺍﻳﻪ ﺍﻟﻌﻜﺴﻴﻪ ﻛﺎ ﻥ ﺍﻻﺗﺠﺎﻩ ﻳﺰﺩﺍﺩ ﻗ ﻮﻩ‬
‫‪w‬‬

‫‪----------------------------‬‬
 ‫‪om‬‬
‫‪.c‬‬
‫‪----------------------------‬‬

‫‪ow‬‬
‫*ﻛﻠﻤﺎ ﺍ ﺳﺘﻘﺎﻡ ﺍﻟﺴﻌﺮ ﺗﺤﺖ ﺍ ﻭ ﻓ ﻮ ﻕ ﺍﻟﺘﻨﻜﻴﻦ ﺳﻦ ﻛﺎ ﻥ ﺍﻻﺗﺠﺎﻩ ﻳﺰﺩﺍﺩ ﻗ ﻮﻩ‬

‫‪r‬‬
‫‪or‬‬
‫‪ -3‬ﺍ ﺳﺘﺨﺮﺍﺝ ﻣﺴﺘ ﻮﻳﺎ ﺕ ﺩﻋ ﻮﻡ ﻭﻣﻘ ﻮﻣﺎ ﺕ‬
‫‪-‬‬ ‫‪m‬‬
‫‪ex‬‬
‫‪or‬‬
‫‪.f‬‬
‫‪w‬‬

‫‪ -4‬ﺍ ﺳﺘﺨﺮﺍﺝ ﻧﻤﺎﺫﺝ ﺩﻳﻔﺮﺟﻨ ﺲ ﺍﻟﺘﻨﻜﻴﻦ ﺳﻦ‬

‫‪w‬‬

‫‪-------------------------------------‬‬
‫‪w‬‬
 ‫‪om‬‬
‫‪.c‬‬
‫‪ow‬‬
‫‪--------------------‬‬

‫*****************‬

‫ﺍﻟﺨ ﻂ ﺍﻟﺜﺎﻟﺚ‪ :‬ﺍﻟﻜﻴﺠﻦ ﺳﻦ‬

‫‪r‬‬
‫‪------------------------‬‬
‫‪or‬‬
‫ﺗﻌﺮﻳﻔﻪ‪ :‬ﻫ ﻮ ﻋﺒﺎﺭﻩ ﻋﻦ ﻣﺘ ﻮ ﺳ ﻂ ﺍﻋﻠﻰ ﻗﻤﻪ ﻭﺍ ﻗﻞ ﻗﺎﻉ ﻝ ‪ 26‬ﻭﺣﺪﺍ ﺕ ﺳﻌﺮﻳﻪ ﺣﻴﺚ ﻳ ﻮ ﺿﺢ ﻟﻨﺎ ﻗ ﻮﻩ‬
‫ﻭﻧ ﻮﻉ ﺍﻻﺗﺠﺎﻩ ﻣﺘ ﻮ ﺳ ﻂ‬
‫ﺍﻻﻣﺪ ﻻﻧﻪ ﻳﻬﺘﻢ ﺑﺪﺭﺍ ﺳﻪ ﺍﻻﺗﺠﺎﻩ ﺧﻼ ﻝ ‪ 26‬ﻭﺣﺪﺍ ﺕ‬
‫‪m‬‬
‫***************‬
‫‪-‬‬
‫‪ex‬‬
‫‪or‬‬
‫‪.f‬‬
‫‪w‬‬
‫‪w‬‬

‫‪--------‬‬
‫‪w‬‬

‫‪ -1‬ﺗﺤﺪﻳﺪ ﻧ ﻮﻉ ﺍﻻﺗﺠﺎﻩ ﻭﺍﻟﻘ ﻮﻩ ﺍﻟﻤﺴﻴ ﻄﺮﻩ ﻓﻰ ﺍﻟﻔﺘﺮﻩ ﻣﺘ ﻮ ﺳ ﻄﻪ ﺍﻻﻣﺪ‬

‫ﺃ(ﺍﺫﺍ ﻛﺎ ﻥ ﺍﻟﺴﻌﺮ ﻓ ﻮ ﻗﻪ ﻛﺎ ﻥ ﺍﻻﺗﺠﺎﻩ ﺻﺎﻋﺪ‬
‫ﺏ(ﺍﺫﺍ ﻛﺎ ﻥ ﺍﻟﺴﻌﺮ ﺗﺤﺘﻪ ﻛﺎ ﻥ ﺍﻻﺗﺠﺎﻩ ﻫﺎﺑ ﻂ‬

‫‪------------------------------‬‬
 ‫‪om‬‬
‫‪.c‬‬
‫‪ow‬‬
‫‪ -2‬ﺗﺤﺪﻳﺪ ﻗ ﻮﻩ ﺍﻻﺗﺠﺎﻩ ﺧﻼ ﻝ ﺍﻟﻔﺘﺮﻩ ﻣﺘ ﻮ ﺳ ﻄﻪ ﺍﻻﻣﺪ‬
‫‪-----------------------------------------------‬‬

‫‪r‬‬
‫*ﺍﺫﺍ ﻅﻬﺮ ﺕ ﺍﻻﺟﺰﺍء ﺍﻟﻤﺴﺘﻘﻴﻤﻪ ﺑﻜﺜﺮﻩ ﻛﺎ ﻥ ﺍﻻﺗﺠﺎﻩ ﺍﺯﺩﺍ ﺕ ﺿﻌﻔﺎ‬
‫*ﻛﻠﻤﺎ ﻗﻠﺖ ﺍﻻﺟﺰﺍء ﺍﻟﻤﺴﺘﻘﻴﻤﻪ ﻛﺎ ﻥ ﺍﻻﺗﺠﺎﻩ ﻳﺰﺩﺍﺩ ﻗ ﻮﻩ‬
‫‪or‬‬
‫‪-------------------------------‬‬
‫‪-‬‬ ‫‪m‬‬
‫‪ex‬‬
‫‪or‬‬
‫‪.f‬‬
‫‪w‬‬

‫‪-------------------------------‬‬

‫*ﺍﺫﺍ ﻛﺜﺮ ﺕ ﺗﻘﺎ ﻁﻊ ﺍﻟﺴﻌﺮ ﺻﻌ ﻮﺩﺍ ﻭﻫﺒ ﻮ ﻁﺎ ﺣ ﻮ ﻝ ﺍﻟﻜﻴﺠﻦ ﺳﻦ ﺍﺯﺩﺍﺩ ﺍﻻﺗﺠﺎﻩ ﺻﻌﻔﺎ‬
‫‪w‬‬

‫*ﻛﻠﻤﺎ ﺍ ﺳﺘﻘﺎﻡ ﺍﻟﺴﻌﺮ ﺗﺤﺖ ﺍ ﻭ ﻓ ﻮ ﻕ ﺍﻟﻜﻴﺠﻦ ﺳﻦ ﻛﺎ ﻥ ﺍﻻﺗﺠﺎﻩ ﻳﺰﺩﺍﺩ ﻗ ﻮﻩ‬

‫‪w‬‬

‫‪--------------------------‬‬
 ‫‪om‬‬
‫‪.c‬‬
‫‪--------------------------‬‬

‫‪ow‬‬
‫‪ -3‬ﺍ ﺳﺘﺨﺮﺍﺝ ﻣﺴﺘ ﻮﻳﺎ ﺕ ﺩﻋ ﻮﻡ ﻭﻣﻘ ﻮﻣﺎ ﺕ ﻋﻦ ﻁﺮﻳﻘﻪ ﺗﺤﻴﺪ ﺍﻻﺟﺰﺍء ﺍﻟﻤﺴﺘﻘﻴﻤﻪ ))ﺍﻟﻜﻴﺠﻦ ﻻﻳﻦ ((‬

‫‪r‬‬
‫‪or‬‬
‫‪-‬‬ ‫‪m‬‬
‫‪ex‬‬
‫‪or‬‬
‫‪.f‬‬
‫‪w‬‬
‫‪w‬‬
‫‪w‬‬
 ‫‪ -4‬ﺍ ﺳﺘﺨﺮﺍﺝ ﻧﻤﺎﺫﺝ ﺩﻳﻔﺮﺟﻨ ﺲ ﺍﻟﻜﻴﺠﻦ ﺳﻦ‬
‫‪-------------------------------------‬‬

‫‪om‬‬
‫‪.c‬‬
‫‪ow‬‬
‫‪-----------------------------‬‬

‫‪r‬‬
‫‪or‬‬
‫**ﺍﻟﻜ ﻮﻣ ﻮ ﺳﻦ**‬
‫‪---------------‬‬
‫‪m‬‬

‫ﺗﻌﺮﻳﻔﻬﺎ‪ :‬ﻫﻰ ﻋﺒﺎﺭﻩ ﻋﻦ ﺍﻟﻤﺴﺎ ﻓﻪ ﺍﻟﺘﻰ ﺑﻴﻦ ﺍﻟﺘﻨﻜﻴﻦ ﺳﻦ ﻭﺍﻟﻜﻴﺠﻦ ﺳﻦ‬

‫‪-‬‬
‫‪ex‬‬

‫‪---------------‬‬
‫‪or‬‬
‫‪.f‬‬
‫‪w‬‬
‫‪w‬‬
‫‪w‬‬

‫‪---------------‬‬
‫ﻓ ﻮﺍﺋﺪ ﻫﺎ‪:‬‬
‫‪--------‬‬

‫‪ -1‬ﻣﺴﺘ ﻮﻳﺎ ﺕ ﺩﻋ ﻮﻡ ﻭﻣﻘ ﻮﻣﺎ ﺕ ﺩﻳﻨﺎﻣﻴﻜﻴﻪ ﺣﻴﺚ ﻧﺴﺘ ﻄﻴﻊ ﺩﺭﺍ ﺳﻪ ﺍﻟﺸﻤ ﻮﻉ ﻭﺍﻟﺴﻠ ﻮ ﻙ ﺍﻟﺴﻌﺮﻯ ﻟﻬﺎ‬
 ‫ﻟﻤﻌﺮ ﻓﻪ ﺍﻻﺗﺠﺎﻩ ﺍﻟﻤﺴﺘﻘﺒﻠﻰ‬

‫‪---------------------‬‬

‫‪om‬‬
‫‪.c‬‬
‫‪ow‬‬
‫‪---------------------‬‬

‫‪r‬‬
‫‪ -2‬ﺗﺤﺪﻳﺪ ﻧ ﻮﻉ ﺍﻻﺗﺠﺎﻩ‬
‫‪or‬‬
‫‪-------------------‬‬
‫*ﻋﻦ ﻁﺮﻳ ﻖ ﺗﺤﺪﻳﺪ ﻧ ﻮﻉ ﺗﻘﺎ ﻁﻊ ﺍﻟﻜ ﻮﻣ ﻮ ﺳﻦ‬
‫ﺍ(ﺍﺫﺍ ﻛﺎ ﻥ ﺍﻟﺘﻘﺎ ﻁﻊ ﺷﺮﺍﺋﻰ ))ﺍﻟﺘﻨﻜﻴﻦ ﺳﻦ ﺍﻋﻠﻰ ﻣﻦ ﺍﻟﻜﻴﺠﻦ ﺳﻦ(( ﻛﺎ ﻥ ﺍﻻﺗﺠﺎﻩ ﺻﺎﻋﺪ‬
‫ﺏ(ﺍﺫﺍ ﻛﺎ ﻥ ﺍﻟﺘﻘﺎ ﻁﻊ ﺑﻴﻌﻰ ))ﺍﻟﺘﻨﻜﻴﻦ ﺳﻦ ﺍ ﻗﻞ ﻣﻦ ﺍﻟﻜﻴﺠﻦ ﺳﻦ(( ﻛﺎ ﻥ ﺍﻻﺗﺠﺎﻩ ﻫﺎﺑ ﻂ‬
‫‪m‬‬
‫ﺝ( ﻛﺜﺮﻩ ﺗﻘﺎ ﻁﻊ ﺍﻟﻜ ﻮﻣ ﻮ ﺳﻦ ﻋﻠﻰ ﺷﻜﻞ ﻣﺘﺘﺎﻟﻰ ﻳﺪ ﻝ ﻋﻠﻰ ﺍﻻﺗﺠﺎﻩ ﺍﻟﺘﺬﺑﺬﺑﻰ‬
‫**ﻻﺣ ﻆ ﺍﻧﻨﺎ ﻧﺘﻜﻠﻢ ﻋﻠﻰ ﺍﻻﺗﺠﺎﻩ ﻣﺘ ﻮ ﺳ ﻂ ﺍﻻﻣﺪ **‬
‫‪-‬‬

‫‪-----------------------‬‬
‫‪ex‬‬
‫‪or‬‬
‫‪.f‬‬
‫‪w‬‬
‫‪w‬‬
‫‪w‬‬

‫‪------------------------‬‬

‫‪ -3‬ﺗﺤﺪﻳﺪ ﻗ ﻮﻩ ﺍﻻﺗﺠﺎﻩ‬
‫‪----------------------‬‬
‫*ﻋﻦ ﻁﺮﻳ ﻖ ﺗﺤﺪﻳﺪ ﺣﺠﻢ ﺍﻟﻜ ﻮﻣ ﻮ ﺳﻦ‬
‫ﺍ( ﻛﻠﻤﺎ ﺍﺗﺴﻊ ﺣﺠﻢ ﺍﻟﻜ ﻮﻣ ﻮ ﺳﻦ ﺍﺯﺫﺍﺩ ﺍﻻﺗﺠﺎﻩ ﺿﻌﻔﺎ‬
 ‫ﺏ( ﻛﻠﻤﺎ ﺿﺎ ﻕ ﺣﺠﻢ ﺍﻟﻜ ﻮﻣ ﻮ ﺳﻦ ﺍﺯﺩﺍﺩ ﺍﻻﺗﺠﺎﻩ ﻗ ﻮﻩ‬
‫‪---------------------‬‬

‫‪om‬‬
‫‪.c‬‬
‫‪ow‬‬
‫‪--------------------‬‬

‫**ﻣﻌﻠ ﻮﻣﺎ ﺕ ﻫﺎﻣﻪ ﻋﻦ ﺍﻟﻜ ﻮﻣ ﻮ ﺳﻦ**‬

‫‪r‬‬
‫‪--------------------------------‬‬
‫‪or‬‬
‫‪ -1‬ﻅﺎ ﻫﺮﻩ ﺍﻟﻜﺘﺎﻧﻪ‪:‬‬
‫‪--------------------‬‬
‫ﻭﻫﻰ ﺗ ﻈﻬﺮ ﻋﻨﺪﻣﺎ ﻳﻜ ﻮ ﻥ ﺍﻟﺘﻨﻜﻦ ﺳﻦ ﻣﺴﺎ ﻭﻯ ﻟﻠﻜﻴﺠﻦ ﺳﻦ‬
‫ﻭﻯ ﺗﺪ ﻝ ﻋﻠﻰ ﺍ ﻥ ﺍﻻﺗﺠﺎﻩ ﻓﻰ ﺣﺎﻟﻪ ﺍﻧﻔﺠﺎﺭ‬
‫‪m‬‬
‫‪-------------------‬‬
‫‪-‬‬
‫‪ex‬‬
‫‪or‬‬
‫‪.f‬‬
‫‪w‬‬
‫‪w‬‬

‫‪-------------------‬‬
‫‪w‬‬

‫‪ -2‬ﻅﺎﻫﺮﻩ ﻣ ﺼﻴﺪﻩ ﺍﻟﻜ ﻮﻣ ﻮ ﺳﻦ‬

‫‪----------------------------‬‬
‫ﻭﻫﻰ ﻋﺒﺎﺭﻩ ﻋﻦ ﻧﻤ ﻮﺫﺝ ﻳﻔﺴﺮ ﻧﻤ ﻮﺫﺝ ﺍﻟﺘ ﺼﺤﻴﺢ ﺍﻟﻤﻌﻘﺪ‬
‫ﺣﻴﺚ ﻳﺘﻘﺎ ﻁﻊ ﺍﻟﻜ ﻮﻣ ﻮ ﺳﻦ ﻣﺮﺗﻴﻦ ﻣﺮﻩ ﻋﻜ ﺲ ﺍﻻﺗﺠﺎﻩ ﺍﻟﻌﺎﻡ ))ﺍﻟﺬﻯ ﻳﺘﻤ ﺜﻞ ﻓﻰ ﺍﻟﻜ ﻮﻣ ﻮ ﺳﺒﺎ ﻥ(( ﻭﻣﺮﻩ‬
‫ﻣﻊ ﺍﻻﺗﺠﺎﻩ ﺍﻟﻌﺎﻡ ﻟﻴﺘﺎﺑﻊ‬
‫ﺍﻟﺴﻌﺮ ﺣﺮﻛﺘﻪ ﻣﻊ ﺍﻻﺗﺠﺎﻩ ﺍﻟﻌﺎﻡ ))ﺍﻟﺬﻯ ﻳﺘﻤﺜﻞ ﻓﻰ ﺍﻟﻜ ﻮﻣ ﻮ ﺳﺒﺎ ﻥ ((‬
 ‫‪-------------------‬‬

‫‪om‬‬
‫‪.c‬‬
‫‪ow‬‬
‫‪-------------------‬‬

‫**********************************************‬

‫‪r‬‬
‫**ﺍﻟﻌﻼ ﻗﻪ ﺑﻴﻦ ﺍﻟﻜ ﻮﻣ ﻮ ﺳﻦ ﻭﺍﻟﺸﻴﻨﻜ ﻮﺍ ﺳﺒﺎ ﻥ**‬
‫‪or‬‬
‫‪------------------------------------------‬‬

‫ﻛﻤﺎ ﺫﻛﺮﻧﺎ ﺳﺎﺑﻘﺎ ﺍ ﻥ ﺍﻟﺸﻴﻨﻜ ﻮ ﺳﺒﺎ ﻥ ﻳﺴﺎﻋﺪﻧﺎ ﻋﻠﻰ ﺭﺑ ﻂ ﺍﻟﻤﺎ ﺿﻰ ﺑﺎﻟﺤﺎ ﺿﺮ ﻟﻤﻌﺮ ﻓﻪ ﻧ ﻮﻉ ﺍﻻﺗﺠﺎﻩ‬
‫ﻭ ﻗ ﻮﺗﻪ ﻭ ﻗﻴﺎ ﺱ ﺩﺭﺟﻪ ﺍﻻﺗﺰﺍ ﻥ ﺍﻟﺴﻌﺮﻯ‬
‫‪m‬‬

‫ﻭﻋﻦ ﻁﺮﻳ ﻖ ﺭﺑ ﻂ ﺍﻟﻌﻼ ﻗﻪ ﺑﻴﻦ ﺍﻟﺸﻴﻨﻜ ﻮﺍ ﺳﺒﺎ ﻥ ﻭﺍﻟﻜ ﻮﻣ ﻮ ﺳﻦ ﻧﺴ ﻄﻴﻊ ﺗﺤﺪﻳﺪ ﺍﻻﺗﺠﺎﻩ ﺍﻟﺤﺎﻟﻰ ﻭﻋﻼ ﻗﺘﻪ‬
‫‪-‬‬

‫ﻣﻊ ﺍﻻﺗﺠﺎﻩ ﺍﻟﻤﺎ ﺿﻰ‬

‫‪ex‬‬

‫ﻟﻤﻌﺮ ﻓﻪ ﻫﻞ ﻧﺤﻦ ﻓﻰ ﺍﺗﺠﺎﻩ ﺻﺤﻰ ﻭ ﻗ ﻮﻯ ﺍﻡ ﻻ‬

‫‪---------------------------‬‬
‫‪or‬‬

‫ﻧﻤ ﻮﺫﺝ ﻛﺴﺮ ﺍﻟﻜ ﻮﻣ ﻮ ﺳﻦ‬

‫******************‬
‫‪.f‬‬

‫ﻫ ﻮ ﻋﺒﺎﺭ ﻋﻦ ﻧﻤ ﻮﺫﺝ ﻳ ﻮ ﺿﺢ ﻟﻨﺎ ﺍﻟﺘﻐﻴﺮ ﻓﻰ ﺍﻻﺗﺠﺎﻩ ﻭﺗﺎﻛﻴﺪ ﺍﻻﻧﻌﻜﺎ ﺱ ﻓﻰ ﺍﻻﺗﺠﺎﻩ ﻣﺘ ﻮ ﺳ ﻂ ﺍﻻﻣﺪ‬

‫‪w‬‬

‫ﺷﺮﻭ ﻁﻪ ﺍﻻ ﺳﺎ ﺳﻴﻪ‬
‫***************‬
‫‪w‬‬

‫‪ -1‬ﺗﻘﺎﻁﻊ ﺍﻟﻜﻮﻣﻮﺳﻦ ﺷﺮﺍﺋﻴﺎ ))ﻋﻨﺪ ﺗﺤﻮﻝ ﺍﻻﺗﺠﺎﻩ ﻣﻦ ﻫﺎﺑﻂ ﻟﺼﺎﻋﺪ (( ﺍﻭ ﺗﻘﺎﻁﻊ ﺍﻟﻜﻮﻣﻮﺳﻦ‬
‫ﻫﺒﻮﻁﻴﺎ ))ﻋﻨﺪ ﺗﺤﻮﻝ ﺍﻻﺗﺠﺎﻩ ﺍﻟﻰ ﺍﺗﺠﺎﻩ ﻫﺎﺑﻂ ((‬
‫‪w‬‬

‫‪(2‬ﻛﺴﺮ ﺍﻟﺸﻴﻨﻜﻮ ﺳﺒﺎﻥ ﻓﻮﻕ ﺍﻟﻜﻮﻣﻮ ﺳﻦ ))ﻓﻰ ﺍﻻﺗﺠﺎﻩ ﺍﻟﺼﺎﻋﺪ(( ﻛﺴﺮ ﺍﻟﻜﻮﻣﻮ ﺳﺒﺎﻥ ﺗﺤﺖ ﻟﻠﻜﻮﻣﻮ‬
‫ﺳﻦ ))ﻓﻰ ﺍﻻﺗﺠﺎﻩ ﺍﻟﻬﺎﺑﻂ((‬
 ‫‪---------------‬‬

‫‪om‬‬
‫‪.c‬‬
‫‪ow‬‬
‫‪---------------‬‬

‫ﻧﻤﻮﺫﺝ ﺍﺭﺗﺪﺍﺩ ﺍﻟﺸﻴﻜﻮ ﺳﺒﺎﻥ‬

‫‪r‬‬
‫‪or‬‬
‫***********************‬

‫ﻭﻫﻮ ﻧﻤﻮﺫﺝ ﻳﺘﻜﻮﻥ ﻋﻨﺪ ﺍﺭﺗﺪﺍﺩ ﺍﻟﺸﻴﻨﻜﻮ ﺳﺒﺎﻥ ﻣﻦ ﺍﻁﺎﺭ ﺍﻟﻜﻮﻣﻮﺳﺒﺎﻥ ﻧﺘﻴﺠﻪ ﻭﺟﻮﺩ ﻣﻘﺎﻭﻣﻪ ﺍﻭ ﺩﻋﻢ‬
‫‪m‬‬
‫ﻗﻮﻯ‬
‫‪-‬‬
‫‪ex‬‬

‫‪-----------------------‬‬
‫‪or‬‬
‫‪.f‬‬
‫‪w‬‬
‫‪w‬‬
‫‪w‬‬

‫‪-----------------------‬‬
 ‫********************‬
‫ﺍﻟﺨﻂ ﺍﻟﺮﺍﺑﻊ ﻭﺍﻟﺨﻂ ﺍﻟﺨﺎﻣﺲ ‪)) -:‬ﻛﻮﻣﻮﺳﺒﺎﻥ((‬
‫***************************************‬
‫ﺍﻟﺘﻌﺮﻳﻒ ﻫﻰ ﻋﺒﺎﺭﻩ ﻋﻦ ﺳﺤﺎﺑﻪ ﺗﺘﻜﻮﻥ ﻣﻦ ﺧﻄﻴﻦ‬

‫ﺍﻟﺨﻂ ﺍﻻﻭﻝ‪ -:‬ﺷﻴﻨﻜﻮﺍﺳﺒﺎﻥ )ﺃ(‬

‫‪om‬‬
‫‪-------------------------‬‬
‫ﻫﻮ ﻋﺒﺎﺭﻩ ﻋﻦ ﺍﻟﻤﺘﻮﺳﻂ ﺍﻟﺤﺴﺎﺑﻰ ﻟﺨﻄﻰ ﺍﻟﺘﻨﻜﻦ ﺳﻦ ﻭﺍﻟﻜﻴﺠﻦ ﺳﻦ ﻣﺰﺍﺡ ﻟﻠﺨﻠﻒ ‪ 26‬ﻭﺣﺪﻩ ﺳﻌﺮﻳﻪ‬

‫‪.c‬‬
‫‪--------------------‬‬

‫‪r‬‬ ‫‪ow‬‬
‫‪or‬‬
‫‪-‬‬ ‫‪m‬‬
‫‪ex‬‬

‫‪--------------------‬‬
‫‪or‬‬

‫ﺍﻟﺨﻂ ﺍﻟﺜﺎﻧﻰ‪ -:‬ﺷﻴﻨﻜﻮﺍ ﺳﺒﺎﻥ )ﺏ(‬

‫‪.f‬‬

‫‪--------------------------------‬‬
‫‪w‬‬

‫ﻫﻮ ﻋﺒﺎﺭﻩ ﻋﻦ ﺍﻟﻤﺘﻮﺳﻂ ﺍﻟﺤﺴﺎﺑﻰ ﻻﻋﻠﻰ ﻗﻤﻪ ﻭﺍﻗﻞ ﻗﺎﻉ ﻝ‪ 52‬ﻭﺣﺪﻩ ﺳﻌﺮﻳﻪ ﻣﺰﺍﺡ ﻟﻼﻣﺎﻡ ‪26‬‬
‫ﻭﺣﺪﻩ ﺳﻌﺮﻳﻪ ﻭﻫﻮ ﺍﺑﻄﺎء ﺧﻂ ﻓﻰ ﻧﻈﺎﻡ ﺍﻻﻳﺸﻴﻤﻮﻛﻮﺍ ﻛﻴﻨﻜﻮﺍ ﻫﺎﻳﻮﺍ ﺍﻟﺒﺴﻴﻂ‪.‬‬
‫‪w‬‬

‫**********************‬
‫‪w‬‬
 ‫‪om‬‬
‫‪.c‬‬
‫‪ow‬‬
‫*********************‬

‫ﻻﺣﻆ ﺍﻥ ﻗﻮﻯ ﺍﻟﺨﻄﻴﻦ ﺗﻜﻮﻥ ﻣﺠﺘﻤﻌﻪ ﻟﺬﻟﻚ ﺳﻨﺸﺮﺣﻬﻤﺎ ﻣﻊ ﺑﻌﺾ‬

‫‪r‬‬
‫‪----------------------------------------------------------------‬‬
‫‪or‬‬
‫**ﺍﻟﻜﻮﻣﻮﺳﺒﺎﻥ**‬
‫‪m‬‬
‫‪------------------‬‬
‫ﻫﻰ ﺍﻟﻤﺴﺎﻓﻪ ﺍﻟﺘﻰ ﺑﻴﻦ ﺍﻟﺸﻴﻨﻜﻮﺍ ﺳﺒﺎﻥ)ﺃ( ﻭﺍﻟﺸﻴﻨﻜﻮﺍ ﺳﺒﺎﻥ )ﺏ(‬
‫**ﻣﻼﺣﻈﻪ ﻫﺎﻣﻪ ﺟﺪﺍ ** ﻫﻨﺎﻙ ﻧﻮﻋﻴﻦ ﻣﻦ ﺍﻟﺴﺤﺎﺑﻪ‬
‫‪-‬‬

‫‪-1‬ﺍﻟﺴﺤﺎﺑﻪ ﺍﻟﺤﺎﻟﻴﻪ ‪ :‬ﻭﻫﻰ ﺍﻟﺘﻰ ﻳﻜﻮﻥ ﻋﻨﺪﻫﺎ ﺍﻟﺴﻌﺮ ﻋﻨﺪ ﺣﺮﻛﺘﻪ‬

‫‪ex‬‬

‫‪-2‬ﺍﻟﺴﺤﺎﺑﻪ ﺍﻟﻤﺴﺘﻘﺒﻠﻴﻪ‪ :‬ﻭﻫﻰ ﺍﻟﺘﻰ ﺗﻜﻮﻥ ﻣﺰﺍﺣﻪ ﻟﻼﻣﺎﻡ ‪ 26‬ﺩﻭﺭﻩ‬

‫‪---------------------‬‬
‫‪or‬‬
‫‪.f‬‬
‫‪w‬‬
‫‪w‬‬
‫‪w‬‬

‫‪--------------------‬‬
 ‫*ﻓﻮﺍﺋﺪ ﺍﻟﻜﻮﻣﻮ ﺳﺒﺎﻥ*‬
‫‪------------------‬‬
‫‪ -1‬ﻳﺴﺎﻋﺪﻧﺎ ﻋﻠﻰ ﺗﺤﺪﻳﺪ ﻧﻮﻉ ﺍﻻﺗﺠﺎﻩ ﻁﻮﻳﻞ ﺍﻻﻣﺪ‬

‫ﺍﻟﺸﺮﻁ ﺍﻻﻭﻝ‬

‫‪om‬‬
‫‪-------------‬‬
‫*ﺍﻟﺴﻌﺮ ﺗﺤﺖ ﺍﻟﺴﺤﺎﺑﻪ ﺍﻻﺗﺠﺎﻩ ﻫﺎﺑﻂ‬
‫*ﺍﻟﺴﻌﺮ ﻓﻮﻕ ﺍﻟﺴﺤﺎﺑﻪ ﺍﻻﺗﺠﺎﻩ ﺻﺎﻋﺪ‬

‫‪.c‬‬
‫‪------------------------‬‬

‫‪r‬‬ ‫‪ow‬‬
‫‪or‬‬
‫‪-‬‬ ‫‪m‬‬
‫‪ex‬‬

‫‪-------------------------‬‬
‫ﺍﻟﺸﺮ ﻁ ﺍﻟﺜﺎﻧﻰ‬
‫‪-------------‬‬
‫‪or‬‬

‫*ﺍﻟﺴﺤﺎﺑﻪ ﺍﻟﺤﺎﻟﻴﻪ ﺑﺎﻟﻠ ﻮ ﻥ ﺍﻟ ﻮﺭﺩﻯ ﺍﻻﺗﺠﺎﻩ ﻫﺎﺑ ﻂ‬

‫*ﺍﻟﺴﺤﺎﺑﻪ ﺍﻟﺤﻠﻴﻪ ﺑﺎﻟﻠ ﻮ ﻥ ﺍﻻﺧ ﻀﺮ ﺍﻻﺗﺠﺎﻩ ﺻﺎﻋﺪ‬
‫‪------------- --------‬‬
‫‪.f‬‬
‫‪w‬‬
‫‪w‬‬
‫‪w‬‬
 ‫‪om‬‬
‫‪.c‬‬
‫‪---------------------‬‬

‫‪ow‬‬
‫ﺍﻟﺸﺮ ﻁ ﺍﻟﺜﺎﻟﺚ‬
‫‪------------‬‬
‫*ﺍﻟﺴﺤﺎﺑﻪ ﺍﻟﻤﺴﺘﻘﺒﻠﻴﻪ ﺑﺎﻟﻠ ﻮ ﻥ ﺍﻟ ﻮﺭﺩﻯ ﺍﻻﺗﺠﺎﻩ ﻫﺎﺑ ﻂ‬
‫*ﺍﻟﺴﺤﺎﺑﻪ ﺍﻟﻤﺴﺘﻘﺒﻠﻴﻪ ﺑﺎﻟﻠ ﻮ ﻥ ﺍﻻﺧ ﻀﺮ ﺍﻻﺗﺠﺎﻩ ﺻﺎﻋﺪ‬

‫‪r‬‬
‫**ﻳﻔ ﻀﻞ ﻋﻠﻰ ﺍﻻ ﻗﻞ ﺗ ﻮﺍﺟﺪ ﺷﺮ ﻁﻴﻦ ﺍﺫﺍ ﺗ ﻮﺍ ﻓ ﻖ ﺍ ﻝ ‪ 3‬ﻛﺎ ﻥ ﺍﻻﺗﺠﺎﻩ ﻗ ﻮﻯ **‬
‫‪or‬‬
‫‪------ - ------------‬‬
‫‪-‬‬ ‫‪m‬‬
‫‪ex‬‬
‫‪or‬‬
‫‪.f‬‬
‫‪w‬‬

‫‪---------------------‬‬
‫‪w‬‬

‫****************************************‬

‫‪ -2‬ﻳﺴﺎﻋﺪﻧﺎ ﻋﻠﻰ ﺗﺤﺪﻳﺪ ﻗ ﻮﻩ ﺍﻻﺗﺠﺎﻩ‬

‫‪w‬‬

‫‪---------------------------------‬‬
‫ﺍﻟﺤﺎﻟﻪ ﺍﻻ ﻭﻟﻰ‪:‬‬
‫‪-------------‬‬
‫ﺃ(ﺍﺫﺍ ﺍﺯﺩﺍﺩ ﺕ ﺗﻐﻴﺮ ﻟ ﻮ ﻥ ﺍﻟﺴﺤﺎﺑﻪ ﺑﺸﻜﻞ ﻣﺘﻜﺮﺭ ﻛﺎ ﻥ ﺍﻻﺗﺠﺎﻩ ﻳ ﻀﻌ ﻒ‬
‫ﺏ(ﺍﺫﺍ ﻗﻞ ﺗﻐﻴﺮ ﻟ ﻮ ﻥ ﺍﻟﺴﺤﺎﺑﻪ ﻛﺎ ﻥ ﺍﻻﺗﺠﺎﻩ ﻳﺰﺩﺍﺩ ﻗ ﻮﻩ‬
‫‪----------------‬‬
 ‫‪om‬‬
‫‪.c‬‬
‫‪----------------‬‬

‫‪ow‬‬
‫ﺍﻟﺤﺎﻟﻪ ﺍﻟﺜﺎﻧﻴﻪ‬
‫‪--------------‬‬
‫*ﻛﺒﺮ ﺣﺠﻢ ﺍﻟﺴﺤﺎﺑﻪ ﺍﻟﻤﺴﺘﻘﺒﻠﻴﻪ ﺩﻟﻴﻞ ﻋﻠﻰ ﺑﺪﺍﻳﻪ ﺿﻌ ﻒ ﺍﻻﺗﺠﺎﻩ‬

‫‪r‬‬
‫*ﺭ ﻓﻊ ﺣﺠﻢ ﺍﻟﺴﺤﺎﺑﻪ ﺍﻟﻤﺴﺘﻘﺒﻠﻴﻪ ﺩﻟﻴﻞ ﻋﻠﻰ ﻗ ﻮﻩ ﺍﻻﺗﺠﺎﻩ‬
‫‪or‬‬
‫‪--------------------------------‬‬
‫‪-‬‬ ‫‪m‬‬
‫‪ex‬‬
‫‪or‬‬
‫‪.f‬‬
‫‪w‬‬

‫********************************‬
‫‪w‬‬

‫ﻣﻼﺣ ﻈﺎ ﺕ ﻫﺎﻣﻪ ﺟﺪﺍ‬

‫‪-----------------‬‬
‫ﻛﻠﻤﺎ ﺍﺯﺩﺍﺩ ﺣﺠﻢ ﺍﻟﺴﺤﺎﺑﻪ ﻛﻠﻤﺎ ﺻﻌﺐ ﻋﻠﻰ ﺍﻟﺴﻌﺮ ﻛﺴﺮ ﻫﺎ ﻭﻳﻜ ﻮ ﻥ ﺍﺣﺘﻤﺎ ﻝ ﺍﻻﺭﺗﺪﺍﺩ ﻗ ﻮﻯ‬
‫‪w‬‬

‫ﻭﺍ ﺳﺘﻜﻤﺎ ﻝ ﺍﻻﺗﺠﺎﻩ‬

‫ﻛﻠﻤﺎ ﺯﺩﺍﺩ ﺣﺠﻢ ﺍﻟﺴﺤﺎﺑﻪ ﺭ ﻓﻌﺎ ﻛﺎ ﻥ ﻛﺴﺮ ﻫﺎ ﺍﻣﺮﺍ ﺳﻬﻞ ﻭﻳﻜ ﻮ ﻥ ﺍﺣﺘﻤﺎ ﻝ ﺍﻻﻧﻌﻜﺎ ﺱ ﻭﺍﺭﺩ ﺑﻘ ﻮﻩ‬
‫‪---- -----------------‬‬
 ‫‪om‬‬
‫‪.c‬‬
‫‪---------------------‬‬

‫‪ow‬‬
‫ﻏﺎﻟﺒﺎ ﻳﻜ ﻮ ﻥ ﺍﻟﺴﻌﺮ ﻓﻰ ﻭ ﺿﻊ ﺗﺬﺑﺬ ﺏ ﺷﺪﻳﺪ ﻋﻨﺪﻣﺎ ﻳﻜ ﻮ ﻥ ﺩﺍﺧﻞ ﺍ ﻭ ﻣﺘﺪﺍﺧﻞ ﻣﻊ ﺍﻟﺴﺤﺎﺑﻪ‬

‫‪------------------‬‬

‫‪r‬‬
‫‪or‬‬
‫‪-‬‬ ‫‪m‬‬
‫‪ex‬‬
‫‪or‬‬

‫‪-----------------‬‬
‫‪.f‬‬

‫‪ -3‬ﻧﺘﺴ ﻄﻴﻊ ﺍ ﺳﺘﺨﺮﺍﺝ ﻣﺴﺘ ﻮﻳﺎ ﺕ ﺩﻋ ﻮﻡ ﻭﻣﻘ ﻮﻣﺎ ﺕ ﻗ ﻮﻳﻪ ﺟﺪﺍ ﻋﻦ ﻁﺮﻳ ﻖ ﺍﻻﺟﺰﺍء ﺍﻟﻤﺴ ﻄﺤﻪ ﻓﻰ‬
‫‪w‬‬

‫ﺍﻟﺴﺤﺎﺑﻪ‬
‫**ﻻﺣ ﻆ ﺍﻧﻨﺎ ﻧﺴﺘﺨﺪﻡ ﺍﻟﻤﺴﺘ ﻮﻳﺎ ﺕ ﺍﻟﺴﺎﺑﻘﻪ ﻛﺎ ﻫﺪﺍ ﻑ ﻭﺍﻟﻤﺴﺘ ﻮﻳﺎ ﺕ ﺍﻟﺠﺎﻟﻴﻪ ﻛ ﻮ ﺿﻊ ﻣﺜﺎﻟﻰ ﻟ ﻮ ﻗ ﻒ‬
‫‪w‬‬

‫ﺍﻟﺨﺴﺎﺭﻩ**‬

‫‪-------------------‬‬
‫‪w‬‬
 ‫‪om‬‬
‫‪.c‬‬
‫‪-------------------‬‬

‫‪ow‬‬
‫**ﺍﻟﻌﻼ ﻗﻪ ﺑﻴﻦ ﺍﻟﺸﻴﻨﻜ ﻮ ﺳﺒﺎ ﻥ ﻭﺍﻟﻜ ﻮﻣ ﻮ ﺳﺒﺎ ﻥ**‬
‫‪------------------------------------------‬‬
‫ﻋﻦ ﻁﺮﻳ ﻖ ﺭﺑ ﻂ ﺍﻟﺸﻴﻨﻜ ﻮ ﺳﺒﺎ ﻥ ﺑﺎﻟﻜ ﻮﻣ ﻮ ﺳﺒﺎ ﻥ ﻧﺴﺘ ﻄﻴﻊ ﺩﺭﺍ ﺳﻪ ﺍﻟﺴﻌﺮ ﻭﺭﺑ ﻂ ﺍﻟﺴﻠ ﻮ ﻙ ﺍﻟﺴﻌﺮﻯ‬

‫‪r‬‬
‫ﻓﻰ ﺍﻟﻤﺎ ﺿﻰ ﺑﺎﻟﺤﺎ ﺿﺮ ﻭﺍﻟﻤﺴﺘﻘﺒﻞ‬
‫‪or‬‬
‫ﻋﻦ ﻁﺮﻳ ﻖ‪:‬‬
‫‪ -1‬ﺭﺑ ﻂ ﺍﻟﺸﻴﻨﻜ ﻮ ﻣﻊ ﺍﻟﺴﺤﺎﺑﻪ ﺍﻟﻤﺎ ﺿﻴﻪ ﻭﺍﻟﺘﻰ ﺗﺮﺑ ﻂ ﺳﻠ ﻮ ﻙ ﺍﻟﺴﻌﺮ ﺍﻟﺤﺎﻟﻰ ﻭﻋﻼ ﻗﺘﻪ ﻣﻊ ‪ 52‬ﻭﺣﺪﻩ‬
‫ﺳﺎﺑﻘﻪ‬
‫‪ -2‬ﺭﺑ ﻂ ﺍﻟﺴﻌﺮ ﻣﻪ ﺍﻟﺴﺤﺎﺑﻪ ﺍﻟﺤﺎﻟﻴﻪ ﻭﺍﻟﺘﻰ ﺗﺮﺑ ﻂ ﺳﻠ ﻮ ﻙ ﺍﻟﺴﻌﺮ ﺍﻟﺤﺎﻟﻰ ﻭﻋﻼ ﻗﺘﻪ ﻣﻊ ‪ 26‬ﻭﺣﺪﻩ‬
‫‪m‬‬
‫ﺳﺎﺑﻘﻪ‬
‫‪-‬‬

‫‪ -3‬ﺭﺑ ﻂ ﺍﻟﺴﻌﺮ ﻭﺍﻟﺸﻴﻨﻜ ﻮ ﻭﻋﻼ ﻗﺘﻪ ﻣﻊ ﺳﻠ ﻮ ﻙ ﺍﻟﺴﻌﺮ ﻓﻰ ﺍﻟﻤﺎ ﺿﻰ ﻭﺍﻟﺤﺎ ﺿﺮ ﻭﻋﻼ ﻗﺘﻪ ﻣﻊ ﺍﻟﺴﺤﺎﺑﻪ‬
‫‪ex‬‬

‫ﺍﻟﻤﺴﺘﻘﺒﻠﻴﻪ‬

‫ﻭﻳﺴﺎﻋﺪﻧﺎ ﺫﻟﻚ ﻋﻠﻰ ﻣﻌﺮ ﻓﻪ ﻣﺪﻩ ﺍﺗﺰﺍ ﻥ ﺍﻻﺗﺠﺎﻩ ﻓﻰ ﺍﻟﻔﺘﺮﻩ ﺍﻟﺤﺎﻟﻴﻪ ﻭﻣ ﻮﺍ ﺷﺮﺍﺗﻬﺎ ﻓﻰ ﺍﻟﻤﺴﺘﻘﺒﻞ‬
‫‪or‬‬

‫**ﻳﺴﺎﻋﺪﻧﺎ ﺍﻟﺸﻴﻨﻜ ﻮﺍ ﺳﺒﺎ ﻥ ﻋﻨﺪ ﻛﺴﺮﻩ ﻟﻠﺴﺤﺎﺑﻪ ﺍﻟﻤﺎ ﺿﻴﻪ ﻋﻠﻰ ﺗﺎﻛﻴﺪ ﺍﻧﻌﻜﺎ ﺱ ﺍﻻﺗﺠﺎﻩ ﻭﺗﻐﻴﺮﻩ **‬
‫‪.f‬‬
‫‪w‬‬

‫***************************‬

‫ﺍﻟﻌﻼ ﻗﻪ ﺑﻴﻦ ﺍﻟﻜ ﻮﻣ ﻮ ﺳﺒﺎ ﻥ ﻭﺍﻟﻜ ﻮﻣ ﻮ ﺳﻦ‬

‫‪w‬‬

‫******************************‬

‫ﺍﻟﻌﻼ ﻗﻪ ﺑﻴﻦ ﺍﻟﻜ ﻮﻣ ﻮ ﺳﺒﺎ ﻥ ﻭﺍﻟﻜ ﻮﻣ ﻮ ﺳﻦ ﺗ ﻮ ﺿﺢ ﺍﻟﻌﻼ ﻗﻪ ﺑﻴﻦ ﺍﻻﺗﺠﺎﻩ ﻓﻰ ﺍﻟﻤﺪﻯ ﺍﻟ ﻄ ﻮﻳﻞ ﻭﻋﻼ ﻗﺘﻪ ﻣﻊ‬
‫‪w‬‬

‫ﺍﻻﺗﺠﺎﻩ ﻓﻰ ﺍﻟﻤﺪﻯ ﺍﻟﻤﺘ ﻮ ﺳ ﻂ‬

‫ﺣﻴﺚ‪-:‬‬
‫‪------‬‬

‫‪ -1‬ﺍﻟﺘﺪﺍﺧﻞ ﺍﻟﻤﺘﻜﺮﺭ ﺑﻴﻦ ﺍﻻﺛﻨﻴﻦ ﻳﺪ ﻝ ﻋﻠﻰ ‪ -:‬ﺍﻟﺘﺬﺑﺬ ﺏ ﻭ ﺿﻌ ﻒ ﺍﻻﺗﺠﺎﻩ‬

‫‪ -2‬ﺍﻟﺘﺪﺍﺧﻞ ﺛﻢ ﺍﻻﻧﻔ ﺼﺎ ﻝ ﻳﺪ ﻝ ﻋﻠﻰ ﺍ ﻥ ﺍﻻﺗﺠﺎﻩ ﺍﺗﺨﺪ ﺍﺗﺠﺎﻩ ﻓﻰ ﺍﺗﺠﺎﻩ ﻛﺴﺮ ﺍﻟﻜ ﻮﻣ ﻮ ﺳﻦ ﻟﻠﻜ ﻮﻣ ﻮ ﺳﺒﺎ‬
‫‪ -3‬ﻛﻠﻤﺎ ﺍﺑﺘﻌﺪ ﺍﻟﻜ ﻮﻣ ﻮ ﺳﻦ ﻋﻦ ﺍﻟﻜ ﻮﻣ ﻮ ﺳﺒﺎ ﻥ ﻛﺎ ﻥ ﺩﻟﻴﻞ ﻋﻠﻰ ﻗ ﻮﻩ ﺍﻻﺗﺠﺎﻩ ﻭﺍﻟﻌﻜ ﺲ ﺻﺤﻴﺢ ﻛﻠﻤﺎ‬
‫ﺍ ﻗﺘﺮ ﺏ ﺍﻟﻜ ﻮﻣ ﻮ ﺳﻦ ﻣﻦ ﺍﻟﻜ ﻮﻣ ﻮ ﺳﺒﺎ ﻥ ﻛﺎ ﻥ ﺍﻻﺗﺠﺎﻩ ﻳ ﻀﻌ ﻒ‬

‫‪----------------------‬‬

‫‪om‬‬
‫‪.c‬‬
‫‪r‬‬ ‫‪ow‬‬
‫‪or‬‬
‫‪---------------------‬‬

‫*********************************‬
‫‪m‬‬
‫ﻛﻤﺎ ﺷﻬﺪﻧﺎ ﺍﻫﻤﻴﻪ ﻛﻞ ﺧ ﻂ ﻣﻦ ﺧ ﻄ ﻮ ﻁ ﺍﻟﻨ ﻈﺎﻡ ﻭﻛﻴﻔﻴﻪ ﺍﻟﺘﻨﺎﻏﻢ ﺑﻴﻨﻬﻢ ﻭﺍﻟﺘ ﻮﺍ ﻓ ﻖ ﻭﺍ ﻥ ﻛﻞ ﻣﻨﻬﻤﺎ‬
‫ﻳﺪﻋﻢ ﺍﻻﺧﺮ ﺑﻞ ﻣﻌﻪ ﻳﺸﻜﻞ ﻗ ﻮﻩ‬
‫‪-‬‬

‫ﺟﺪﻳﺪﻩ ﻭﻣ ﻮﺍ ﺷﺮ ﻭ ﻓﻜﺮ ﺟﺪﻳﺪ ﺣﻴﺚ ﺍﻧﻪ‪-:‬‬

‫‪ex‬‬

‫‪ -1‬ﻳﺤﺪﺩ ﻟﻚ ﺍ ﻓ ﻀﻞ ﻣﻨﺎ ﻁ ﻖ ﺍﻟﺪﺧ ﻮ ﻝ‬

‫‪ -2‬ﻳﺤﺪ ﺙ ﺑﻴﺎﻧﺎﺗﻚ ﺑﺸﻜﻞ ﻣﺴﺘﻤﺮ ﻋﻠﻰ ﺣﺎﻟﻪ ﺍﻟﺴ ﻮ ﻕ ﻭﻣﺪﻯ ﺍﻻ ﺳﺘﻘﺮﺍﺭ ﻭﺍﻻﺗﺰﺍ ﻥ‬
‫‪ -3‬ﻳﺴﻬﻞ ﺗ ﻄﺒﻴ ﻖ ﻣﺒﺎﺩﺉ ﺍﻟﺒﺮﺍﻳ ﺲ ﺍﻛﺸﻦ ﻣﻌﻪ ﺑﻞ ﻭﺍﻯ ﻣﺒﺎﺩﺉ ﻓﻰ ﺍﻯ ﺍﻟﻤﺪﺍﺭ ﺱ ﺍ ﻝ ‪ 6‬ﻟﻠﺘﺤﻠﻴﻞ‬
‫ﺍﻟﻔﻨﻰ‬
‫‪or‬‬

‫******************************‬
‫‪.f‬‬

‫ﻭﺍﻻ ﻥ ﺑﻌﺪ ﺍ ﻥ ﻓﻬﻤﻨﺎ ﻛﻞ ﺧ ﻂ ﻣﻦ ﺍﻟﺨ ﻄ ﻮ ﻁ ﻭﻋﻼ ﻗﺘﻪ ﻣﻊ ﺍﻻﺧﺮﻳﻦ ﻟﻨﺘ ﻮ ﺟﻪ ﺍﻻ ﻥ ﻟﺘﺤﺪﻳﺪ ﺑﻌ ﺾ ﺍﻟﻨﻤﺎﺫﺝ‬
‫ﺍﻟﻬﺎﻣﻪ ﻭﺍﻟﻘ ﻮﻳﻪ ﻭﺍﻟﺘﻰ‬
‫‪w‬‬

‫ﻻﺗﻐﻨﻰ ﻋﻦ ﻣﻌﺮ ﻓﻪ ﻛﻞ ﺧ ﻂ ﻭﺍﺗﻘﺎﻧﻪ ﻓﺤﺘﻰ ﺗﺮ ﻓﻊ ﻧﺴﺒﻪ ﺍﺩﺍﺋﻚ ﻭﺍﺩﺍء ﻫﺬﺍ ﺍﻟﻨ ﻈﺎﻡ ﻳﺠﺐ ﺍ ﻥ ﺗﻜ ﻮ ﻥ‬
‫ﻋﺎﻟﻤﺎ ﻭ ﻓﺎﻫﻤﺎ ﺟﻴﺪﺍ ﺑﻜﻞ ﺧ ﻂ‬
‫ﻣﻨﻔﺮﺩﺍ ﻭﻣﺠﻤ ﻮﻋﺎ ﻣﻊ ﺧ ﻄﺎ ﺍﺧﺮ ﻣﻦ ﺧ ﻄ ﻮ ﻁ ﺍﻟﻨ ﻈﺎﻡ‬
‫‪w‬‬

‫**ﺍ ﻫﻢ ﺍﻟﻨﻤﺎﺫﺝ**‬
‫‪w‬‬

‫‪----------------‬‬

‫ﺍﻟﻨﻤ ﻮﺫﺝ ﺍﻻﻭ ﻝ‪ :‬ﻛﺴﺮ ﺍﻟﻜ ﻮﻣ ﻮ ﺳﺒﺎﻥ‬

‫‪------------------------------- ---‬‬
‫ﻭ ﻫ ﻮ ﻣﻦ ﺍ ﻗ ﻮﻯ ﻧﻤﺎﺫﺝ ﺍﻻﻳﺸﻴﻤ ﻮﻛ ﻮﺍ ﻛﻴﻨﻜ ﻮﺍ ﻫﺎﻳ ﻮ‬
 ‫ﺍﻟﺘ ﺼﻨﻴ ﻒ‪ :‬ﻧﻤ ﻮﺫﺝ ﺍﻧﻌﻜﺎ ﺳﻰ‬

‫********************‬
‫ﺍﻟﺸﺮﻭ ﻁ‪-:‬‬
‫‪---------‬‬
‫‪ -1‬ﻛﺴﺮ ﺍﻟﺴﻌﺮ ﻟﻠﻜ ﻮﻣ ﻮ ﺳﺒﺎ ﻥ‬
‫‪ -2‬ﺗﻘ ﻄﺎﻉ ﺍﻟﻜ ﻮﻣ ﻮ ﺳﻦ‬
‫‪ -3‬ﺳﺤﺎﺑﻪ ﻣﺴﺘﻘﺒﻠﻴﻪ ﻋﻠﻰ ﺣﺴﺐ ﺍﻻﺗﺠﺎﻩ‬

‫‪om‬‬
‫‪ -4‬ﻛﺴﺮ ﺍﻟﺸﻴﻨﻜ ﻮﺍ ﺳﺒﺎ ﻥ ﻟﻠﺴﺤﺎﺑﻪ‬

‫‪-------------------‬‬

‫‪.c‬‬
‫‪r‬‬ ‫‪ow‬‬
‫‪or‬‬
‫‪m‬‬

‫‪-------------------‬‬
‫‪-‬‬
‫‪ex‬‬

‫ﺍﻟﻨﻤ ﻮﺫﺝ ﺍﻟﺜﺎﻧﻰ ‪:‬ﺩﺍﻳﻔﺮﺟﻨ ﺲ ﺍﻟﻜ ﻮﻣ ﻮ ﺳﻦ‬

‫‪------------------------------------‬‬

‫ﻭ ﻫ ﻮ ﻣﻦ ﺍ ﻗ ﻮﻯ ﺍﻟﻨﻤﺎﺫﺝ ﺍﻻﻳﺸﻴﻤ ﻮﻛ ﻮﺍ ﻭﺍﻟ ﻮﺣﻴﺪ ﺍﻟﻘﺎﺩﺭ ﻋﻠﻰ ﺍ ﻥ ﺗﺒﻴﻊ ﻭﺍ ﺗﺸﺘﺮﻯ ﻣﻦ ﺍﻋﻠﻰ ﻗﻤﻪ ﺍ ﻭ‬
‫‪or‬‬

‫ﺍ ﻗﻞ ﻗﺎﻉ ﻭﺑﺎ ﻗﻞ ﺧﺴﺎﺋﺮ ﻣﻤﻜﻨﻪ‬

‫ﺍﻟﺘ ﺼﻨﻴ ﻒ ‪)):‬ﻏﺎﻟﺒﺎ ﻳﻜ ﻮ ﻥ ﻧﻤ ﻮﺫﺝ ﺍﻧﻌﻜﺎ ﺳﻰ((‬

‫‪.f‬‬

‫********************‬
‫‪w‬‬

‫ﺍﻟﺸﺮﻭ ﻁ‪-:‬‬
‫‪-----------‬‬
‫‪w‬‬

‫‪ -1‬ﻭﺟ ﻮﺩ ﺩﻳﻔﺮﺟﻨ ﺲ ﺍﻣﺎ ﻟﻠﺘﻨﻜﻴﻦ ﺍ ﻭ ﻟﻠﻜﻴﺠﻦ‬

‫‪ -2‬ﻛﺴﺮ ﺍﻟﺸﻴﻨﻜ ﻮﺍ ﻟﻠﻜ ﻮﻣ ﻮ ﺳﻦ‬
‫‪w‬‬

‫‪ -3‬ﺗﻘ ﻄﺎﻉ ﺍﻟﻜ ﻮﻣ ﻮ ﺳﻦ ﻓﻰ ﺍﺗﺠﺎﻩ ﺍﻟﺪﻳﻔﺮﺟﻨ ﺲ ﻭﻛﺴﺮ ﺍﻟﺸﻴﻨﻜ ﻮﺍ ﺳﺒﺎ ﻥ ﻟﻠﻜ ﻮﻣ ﻮ ﺳﺒﺎ ﻥ‬

‫‪----------------‬‬
 ‫‪om‬‬
‫‪.c‬‬
‫‪---------------‬‬

‫‪ow‬‬
‫ﺍﻟﻨﻤ ﻮﺫﺝ ﺍﻟﺜﺎﻟﺚ‪ :‬ﻛﺴﺮ ﺭﺍ ﺱ ﺍﻟﺸﻴﻨﻜ ﻮﺍ‬
‫‪---------------------------------‬‬
‫ﻫ ﻮ ﻣﻦ ﺍﻛﺜﺮ ﻧﻤﺎﺫﺝ ﺍﻻﻳﺸﻴﻤ ﻮﻛ ﻮﺍ ﺗ ﻮﺍﺟﺪﺍ ﻭ ﻫ ﻮ ﻳﻌﺘﻤﺪ ﻋﻠﻰ ﻛﺴﺮ ﻣﺴﺘ ﻮﻯ ﻗﻤﻪ ﺗﻜ ﻮﻧﺖ ﺍ ﻭ ﻗﺎﻉ ﺗﻜ ﻮﻥ‬

‫‪r‬‬
‫‪or‬‬
‫ﺍﻟﺘ ﺼﻨﻴ ﻒ‪)) :‬ﻧﻤ ﻮﺫﺝ ﺍ ﺳﺘﻤﺮﺍﺭﻯ((‬

‫**ﻣﻼﺣ ﻈﻪ ﻫﺎﻣﻪ ﺍﺣﻴﺎﻧﺎ ﻳﺘ ﻮﺍﺟﺪ ﻫﺬﻩ ﺍﻟﻤﺴﺘ ﻮﻯ ﻣﻊ ﻛﺴﺮ ﺍﻟﻜ ﻮﻣ ﻮ ﺱ ﺳﺒﺎ ﻥ ﻭ ﻫ ﻮ ﻣﺘﻜﺮﺭ ﺑﺸﺪﻩ**‬
‫‪m‬‬

‫ﺍ ﻭﻻ ﻛﻴﻔﻴﻪ ﺗﺤﺪﻳﺪ ﻣﺴﺘ ﻮﻯ ﺭﺍ ﺱ ﺍ ﻟﺸﻴﻨﻜ ﻮﺍ‬

‫‪-‬‬

‫‪--------------------------------------‬‬
‫‪ex‬‬

‫ﻧﺤﺪﺩ ﺍ ﻭﻻ ﺍﻟﻘﻤﻪ ﺍﻟﺘﻰ ﺻﻨﻌﻬﺎ ﺍﻟﺸﻴﻨﻜ ﻮﺍ‬

‫‪----------------‬‬
‫‪or‬‬
‫‪.f‬‬
‫‪w‬‬
‫‪w‬‬
‫‪w‬‬
 ‫‪----------------‬‬

‫ﻧﺮ ﺳﻢ ﺧ ﻂ ﺍ ﻓﻘﻰ ﻋﻠﻰ ﻫﺬﺍ ﺍﻟﻤﺴﺘ ﻮﻯ‬

‫‪----------------‬‬

‫‪om‬‬
‫‪.c‬‬
‫‪r‬‬ ‫‪ow‬‬
‫‪or‬‬
‫‪----------------‬‬

‫ﻭﺍﻻ ﻥ ﻟﻨﺘﻨﺎﻭ ﻝ ﺷﺮﺡ ﺷﺮﻭ ﻁ ﺗﻜ ﻮ ﻥ ﺍﻟﻨﻤ ﻮﺫﺝ‬

‫‪----------------------------------------‬‬
‫‪m‬‬

‫‪ -1‬ﻧﺤﺪﺩ ﻣﺴﺘ ﻮﻯ ﺭﺍ ﺱ ﺍﻟﺸﻴﻨﻜ ﻮﺍ‬

‫‪-‬‬

‫‪ -2‬ﻳﺠﺐ ﺍ ﻥ ﺗﺘﻘﺎ ﻁﻊ ﺍﻟﻜ ﻮﻣ ﻮ ﺳﻦ ﻓﻰ ﻧﻔ ﺲ ﺍﺗﺠﺎﻩ ﻣﺴﺘ ﻮﻯ ﺭﺍ ﺱ ﺍﻟﺸﻴﻨﻜ ﻮ‬

‫‪ex‬‬

‫‪ -3‬ﺍ ﻥ ﻳﻜ ﻮﻡ ﻣﺴﺘ ﻮﻯ ﺭﺍ ﺱ ﺍﻟﺸﻴﻨﻜ ﻮ ﻭﺍﻟﺴﻌﺮ ﺍ ﺳﻔﻞ ﺍﻟﺴﺤﺎﺑﻪ ﻭﺍﻟﺴﺤﺎﺑﻪ ﺍﻟﻤﺴﺘﻘﺒﻠﻴﻪ ﻫﺒ ﻮ ﻁﻴﻪ‬

‫‪ -4‬ﺍ ﻥ ﺗﻜ ﻮ ﻥ ﺍﻟ ﻮﺣﺪﻩ ﺍﻟﻜﺎ ﺳﺮﻩ ﻟﺮﺍ ﺱ ﺍﻟﺸﻴﻨﻜ ﻮ ﻗ ﻮﻳﻪ‬

‫‪--------------------‬‬
‫‪or‬‬
‫‪.f‬‬
‫‪w‬‬
‫‪w‬‬
‫‪w‬‬
 ‫‪--------------------‬‬

‫ﺍﻟﻨﻤ ﻮﺫﺝ ﺍﻟﺮﺍﺑﻊ‪ :‬ﻣ ﺼﻴﺪﻩ ﺍﻟﻜ ﻮﻣ ﻮ ﺳﻦ‬

‫‪---------------------------------‬‬

‫ﻭ ﻫ ﻮ ﻋﺒﺎﺭﻩ ﻋﻦ ﻧﻤ ﻮﺫﺝ ﺍ ﺳﺘﻤﺮﺍﺭﻯ ﻳﺤﺪ ﺙ ﻧﺘﻴﺠﻪ ﺍﻟﺘﻐﻴﺮ ﻭﺍﻻ ﺿ ﻄﺮﺍ ﺏ ﻓﻰ ﺍﻻﺗﺠﺎﻩ ﻣﺘ ﻮ ﺳ ﻂ ﺍﻻﻣﺪ‬
‫ﻧﺘﻴﺠﻪ ﺗ ﺼﺤﻴﺢ ﻣﻌﻘﺪ ﺩﺍﺧﻠﻰ‬

‫‪om‬‬
‫**ﻣﻼﺣ ﻈﻪ ﻳ ﻈﻬﺮ ﻧﻤ ﻮﺫﺝ ﺍﻟﻬﻴﺪ ﻥ ﺩﺍﻳﻔﺮﺟﻨ ﺲ ﺑﻜﺜﺮﻩ ﻓﻰ ﻫﺬﺍ ﺍﻟﻨﻤ ﻮﺫﺝ**‬

‫‪.c‬‬
‫** ﺷﺮ ﻭ ﻁ ﺗﻜ ﻮ ﻥ ﺍﻟﻨﻤ ﻮﺫﺝ**‬
‫‪-------------------------‬‬

‫‪ow‬‬
‫‪ -1‬ﺗﻘﺎ ﻁﻊ ﺍﻟﻜ ﻮﻛ ﻮ ﺳﻦ ﺍﻻﻳﺠﺎﺑﻰ ﺛﻢ ﺍﻟﺘﻘﺎ ﻁﻊ ﺍﻟﺴﻠﺒﻰ ))ﺍﺫﺍ ﻛﺎ ﻥ ﺍﻻﺗﺠﺎﻩ ﻫﺎﺑ ﻂ((‬
‫‪ -2‬ﺍﻟﻜ ﻮﻣ ﻮ ﺳﺒﺎ ﻥ ﺍﻟﺤﺎﻟﻴﻪ ﻭﺍﻟﻤﺴﺘﻘﺒﻠﻴﻪ ﻫﺎﺑ ﻄﻪ‬
‫‪ -3‬ﺍﻟﺸﻴﻨﻜ ﻮﺍ ﺳﺒﺎ ﻥ ﻳﻜ ﻮ ﻥ ﻛﺴﺮ ﺍﻟﻜ ﻮﻣ ﻮ ﺳﻦ ﺍﻟﻤﺎ ﺿﻴﻪ ﺍ ﻭ ﺑﻌﻴﺪ ﻋﻨﻬﺎ‬
‫‪ -4‬ﻅﻬ ﻮﺭ ﺩﺍﻳﻔﺮﻧ ﺲ ﻋﻨﺪ ﺍﺣﺪﻯ ﻣ ﻮﺍ ﺷﺮﺍ ﺕ ﺍﻟﺘﺸﺒﻊ ﺍ ﻭ ﺍﻟﻤ ﻮﻣﻨﺘﻢ ))ﻟﻴ ﺲ ﺍ ﺳﺎ ﺳﻰ((‬
‫‪ -5‬ﻳﻔ ﻀﻞ ﺍ ﻥ ﺗﻜ ﻮ ﻥ ﺍﻟ ﻮﺣﺪﻩ ﺍﻟﺴﻌﺮﻳﻪ ﺍﻟﻜﺎ ﺳﺮﻩ ﻟﻤ ﺼﻴﺪﻩ ﺍﻟﻜ ﻮﻣ ﻮ ﺍ ﻥ ﺗﻜ ﻮ ﻥ ﻗ ﻮﻳﻪ‬

‫‪r‬‬
‫‪or‬‬
‫‪---------------------‬‬
‫‪-‬‬ ‫‪m‬‬
‫‪ex‬‬
‫‪or‬‬
‫‪.f‬‬
‫‪w‬‬

‫‪---------------------‬‬
‫‪w‬‬

‫*****************************‬
‫‪w‬‬

‫ﺍﻟﻨﻤ ﻮﺫﺝ ﺍﻟﺨﺎﻣ ﺲ ‪ -:‬ﻛﺴﺮ ﺍﻟﺰ ﻭﺍﻳﻪ ﺍﻟﻌﻜﺴﻴﻪ ﻟﻠﺘﻨﻜﻴﻦ ﺳﻦ‬

‫‪------------------------------- ---------------------‬‬
‫ﻛﻤﺎ ﺫﻛﺮﻧﺎ ﺳﺎﺑﻘﺎ ﻋﻨﺪ ﺷﺮﺡ ﺧ ﻂ ﺍﻟﺘﻨﻜﻴﻦ ﺳﻦ ﺍ ﻥ ﺍﻟﺰ ﻭﺍﻳﻪ ﻭﺍﻻﻧﺤﻨﺎﺋﺎ ﺕ ﺍﻟﻤﺘﻜﺮﺭﻩ ﻓﻰ ﻧﻔ ﺲ ﺍﻟﻤﻨﺎ ﻁ ﻖ‬
 ‫ﺗﺸﻜﻞ ﻣﺴﺘ ﻮﻯ ﺩﻋﻢ ﺍ ﻭ ﻣﻘﺎ ﻭﻣﻪ ﻫﺎﻡ‬

‫ﺷﺮﻭ ﻁ ﺗﻜ ﻮ ﻥ ﺍﻟﻨﻤ ﻮﺫﺝ‬

‫‪-----------------‬‬

‫‪ -1‬ﺗﻜ ﻮ ﻥ ﻋﻠﻰ ﺍﻟﻘﻞ ﺳﻨﻴﻦ ﻟﻠﺘﻴﻨﻜﻦ ﺳﻦ‬

‫‪ -2‬ﺗﺤﺪﻳﺪ ﻣﺴﺘ ﻮﻯ ﺍﻟﺘﻨﻜﻦ ﺳﻦ‬

‫‪om‬‬
‫‪ -3‬ﺍﻧﺘ ﻈﺎﺭ ﺍﻏﻼ ﻕ ﺷﻤﻌﻪ ﻓ ﻮ ﻕ ﺍﻟﺘﻨﻜﻴﻦ ﺳﻦ ﻓﻰ ﺣﺎﻟﻪ ﺍﻟ ﺼﻌ ﻮﺩ ﺍ ﻭ ﺗﺤﺖ ﺍﻟﺘﻨﻜﻴﻦ ﺳﻦ ﻓﻰ ﺣﺎﻟﻪ‬
‫ﺍﻟﻬﺒ ﻮ ﻁ‬
‫‪ -4‬ﻛﺴﺮ ﺍﻟﺸﻴﻨﻜ ﻮﺍ ﺳﺒﺎ ﻥ ﻟﻤﺴﺘ ﻮﻯ ﺍﻟﺘﻨﻜﻴﻦ ﺳﻦ‬

‫‪.c‬‬
‫‪------------------‬‬

‫‪r‬‬ ‫‪ow‬‬
‫‪or‬‬
‫‪-‬‬ ‫‪m‬‬
‫‪ex‬‬

‫‪-------------------‬‬
‫‪or‬‬

‫******************‬
‫ﺍﻟﻨﻤ ﻮﺫﺝ ﺍﻟﺴﺎﺩ ﺱ ‪ -:‬ﻛﺴﺮ ﺍﻟﻜﻴﺠﻦ ﻻﻳﻦ‬
‫‪.f‬‬

‫‪---------------------------------------------------------‬‬
‫‪w‬‬

‫ﻭ ﻫ ﻮ ﻧﻤ ﻮﺫﺝ ﺷﺒﻴﻪ ﺑﻨﻤ ﻮﺫﺝ ﺍﻟﺘﻨﻜﻴﻦ ﺳﻦ ﻭﻟﻜﻦ ﻳﺨﺘﻠ ﻒ ﻣﻦ ﺣﻴﺚ ﺍﻟﻬﺪ ﻑ ﺣﻴﺚ ﺍ ﻥ ﺍﻟﺘﻨﻜﻴﻦ ﺳﻦ ﺗﻜ ﻮ ﻥ‬
‫ﺍ ﻫﺪﺍ ﻓﻪ ﺻﻐﻴﺮﻩ ﻻﻧﻪ ﻳﻬﺘﻢ ﺑﺪﺭﺍ ﺳﻪ ﺍﻻﺗﺠﺎﻩ ﻗ ﺼﻴﺮ ﺍﻻﺟﻞ ﺑﻴﻨﻤﺎ ﺍﻟﻜﻴﺠﻦ ﺳﻦ ﻳﻬﺘﻢ ﺑﺪﺭﺍ ﺳﻪ ﺍﺗﺠﺎﻩ‬
‫‪w‬‬

‫ﻣﺘ ﻮ ﺳ ﻂ ﺍﻻﺟﻞ‬

‫*******************‬
‫‪w‬‬

‫ﺷﺮﻭ ﻁ ﺗﻜ ﻮ ﻥ ﺍﻟﻨﻤ ﻮﺫﺝ‬

‫‪---------------------‬‬

‫‪ -1‬ﺗﻜﻮﻥ ﻋﻠﻰ ﺍﻟﻘﻞ ﻓﻼﺗﺘﻴﻦ ﻟﻠﻜﻴﺠﻦ ﺳﻦ‬

‫‪ -2‬ﺗﺤﺪﻳﺪ ﻣﺴﺘ ﻮﻯ ﺍﻟﻜﻴﺠﻦ ﻻﻳﻦ‬
 ‫‪ -3‬ﺍﻧﺘ ﻈﺎﺭ ﺍﻏﻼ ﻕ ﺷﻤﻌﻪ ﻓ ﻮ ﻕ ﺍﻟﻜﻴﺠﻦ ﺳﻦ ﻓﻰ ﺣﺎﻟﻪ ﺍﻟ ﺼﻌ ﻮﺩ ﺍ ﻭ ﺗﺤﺖ ﺍﻟﻜﻴﺠﻦ ﺳﻦ ﻓﻰ ﺣﺎﻟﻪ‬
‫ﺍﻟﻬﺒ ﻮ ﻁ‬
‫‪ -4‬ﻛﺴﺮ ﺍﻟﺸﻴﻨﻜ ﻮﺍ ﺳﺒﺎ ﻥ ﻟﻤﺴﺘ ﻮﻯ ﺍﻟﻜﻴﺠﻦ ﺳﻦ‬

‫‪---------------------‬‬

‫‪om‬‬
‫‪.c‬‬
‫‪r‬‬ ‫‪ow‬‬
‫‪or‬‬
‫‪---------------------‬‬

‫ﺍﻟﻨﻤ ﻮﺫﺝ ﺍﻟﺴﺎﺑﻊ‪ :‬ﻛﺴﺮ ﺍﻟﻜ ﻮﻣ ﻮ ﺳﺒﺎ ﻥ ﻟﻔﺘﺮﻩ ﺍﻛﺒﺮ‬

‫‪m‬‬
‫‪----------------------------------------------‬‬
‫‪-‬‬

‫ﻭ ﻫ ﻮ ﻣﻦ ﺍ ﻗ ﻮﻯ ﺍﻟﻨﻤﺎﺫﺝ ﺣﻴﺚ ﻳﺴﺎﻋﺪ ﻙ ﻋﻠﻰ ﺍﻣﺴﺎ ﻙ ﺍﻧﻔﺠﺎﺭﺍ ﺕ ﺳﻌﺮﻳﻪ ﻗ ﻮﻳﻪ ﺑ ﻮ ﻗ ﻒ ﺧﺴﺎﺭﻩ ﻗﻠﻴﻞ‬
‫‪ex‬‬

‫ﻭﺑﺪﺍﻳﻪ ﺍﻻﺗﺠﺎﻩ ﻋﻠﻰ ﻓﺘﺮﺍ ﺕ ﺯﻣﺎﻧﻴﻪ ﺍﻛﺒﺮ‬

‫************‬
‫‪or‬‬

‫ﺷﺮﻭ ﻁ ﺗﻜ ﻮ ﻥ ﺍﻟﻨﻤ ﻮﺫﺝ‬

‫‪--------------------‬‬
‫‪.f‬‬

‫ﺗ ﻮﺍ ﻓﺮ ﺟﻤﻴﻊ ﺷﺮﻭ ﻁ ﻛﺴﺮ ﺍﻟﻜ ﻮﻣ ﻮ ﺳﺒﺎ ﻥ‬

‫‪w‬‬

‫*ﺗﻘﺎ ﻁﻊ ﺍﻟﻜ ﻮﻣ ﻮ ﺳﺒﺎ ﻥ ﻟﻠﻔﺘﺮﻩ ﺍﻟﺰﻣﺎﻧﻴﻪ ﺍﻟﺤﺎﻟﻴﻪ ﻣﻊ ﺍﻟﻜ ﻮﻣ ﻮ ﺳﺒﺎ ﻥ ﻟﻠﻔﺘﺮﻩ ﺍﻟﺰﻣﺎﻧﻴﻪ ﺍﻟﻜﺒﻴﺮﻩ‬

‫*ﺍ ﻥ ﻳﻜ ﻮ ﻥ ﺍﻟﺴﻌﺮ ﻓ ﻮ ﻕ ﺍﻟﺴﺤﺎﺑﻪ ﺍﻟﻜﺒﻴﺮﻩ‬

‫‪w‬‬

‫*ﻳﻔ ﻀﻞ ﺍ ﻥ ﻳﻜ ﻮ ﻥ ﺟﺴﻢ ﺍﻟﺴﺤﺎﺑﻪ ﺍﻟﻜﺒﻴﺮﻩ ﺭ ﻓﻴﻌﻪ ﻋﻨﺪ ﺍﻟﻜﺴﺮ‬

‫‪w‬‬

‫‪-------------------‬‬
 ‫‪om‬‬
‫‪.c‬‬
‫‪---------------- ---‬‬

‫‪ow‬‬
‫ﺍﻟﻨﻤ ﻮﺫﺝ ‪:‬ﺗﺬﺑﺬ ﺏ ﺍﻟﺸﻴﻨﻜ ﻮ ﺍﻟﻜﺒﻴﺮ‬
‫‪-------------------------------‬‬

‫‪r‬‬
‫ﺍ ﻭﻻ ﺗﺤﺪﻳﺪ ﻣﺪﻯ ﺗﺬﺑﺬ ﺏ ﺍﻟﺸﻴﻨﻜ ﻮ ﻟﻔﺮﻳﻢ ﻛﺒﻴﺮ‬
‫‪or‬‬
‫‪--------------------------------------‬‬
‫‪-‬‬ ‫‪m‬‬
‫‪ex‬‬
‫‪or‬‬
‫‪.f‬‬
‫‪w‬‬

‫ﺛﺎﻧﻴﺎ‪ :‬ﺍﻟﻨﺰ ﻭ ﻝ ﺍﻟﻰ ﻓﺮﻳﻢ ﺍ ﻗﻞ‬

‫‪--------------------------‬‬
‫‪w‬‬

‫ﺑﻌﺪ ﺗﻜ ﻮ ﻥ ﻧﻤ ﻮﺫﺝ ﻛﺴﺮ ﺍﻟﻜ ﻮﻣ ﻮ ﺳﺒﺎ ﻥ ﺑﺠﻤﻴﻊ ﺍﻟﺸﺮ ﻭ ﻁ‬

‫‪w‬‬

‫ﻳﺘﻢ ﺍﻟﺪﺧ ﻮ ﻝ ﺑﻌﺪ ﺍﻟﺘﺎﻛﺪ ﻣﻦ ﻛﺴﺮ ﻣﺪﻯ ﺍﻟﻤﻘ ﻮﺍﻣﻪ ﺍ ﻭ ﺍﻟﺪﻋﻢ ﺣﺴﺐ ﺍﻻﺗﺠﺎﻩ‬

‫ﺑﺸﺮ ﻁ ﺍ ﻥ ﺗﻜ ﻮ ﻥ ﺑ ﻮﺣﺪﻩ ﻗ ﻮﻳﻪ‬

‫**ﻳﻔ ﻀﻞ ﺍ ﻥ ﺗﻜ ﻮ ﻥ ﻭﺣﺪﺗﻴﻦ**‬
 ‫ﻳﻜ ﻮ ﻥ ﻭ ﻗ ﻒ ﺍﻟﺨﺴﺎﺭﻩ ﺍ ﺳﻔﻞ ﺍﻟﺴﺤﺎﺑﻪ ﻟﻠ ﻮﺣﺪﻩ ﺍﻟﻜﺎ ﺳﺮﻩ‬

‫**ﺍ ﻫﻢ ﺷﺮ ﻁ ﺍ ﻥ ﺗﻜ ﻮ ﻥ ﺍﻟﺴﺤﺎﺑﻪ ﺍﻟﻤﺴﺘﻘﺒﻠﻴﻪ ﻋﻠﻰ ﺍﻻ ﻗﻞ ﻓ ﻮ ﻕ ﻣﺪﻯ ﺍﻟﺪﻋﻢ ﺍ ﻭ ﺍﻟﻤﻘﺎﻭﻣﻪ**‬

‫‪---------------------‬‬

‫‪om‬‬
‫‪.c‬‬
‫‪r‬‬ ‫‪ow‬‬
‫‪or‬‬
‫‪m‬‬
‫‪---------------------‬‬
‫‪-‬‬
‫‪ex‬‬

‫** ﻭﺑﻬﺬﺍ ﺗﻢ ﺍﻻﻧﺘﻬﺎء ﻣﻦ ﺷﺮﺡ ﻋﻨﺎ ﺻﺮ ﻭﻣﻜ ﻮﻧﺎ ﺕ ﻧ ﻈﺎﻡ ﺍﻻﻳﺸﻴﻤ ﻮﻛ ﻮﺍ ﻛﻴﻨﻜ ﻮ ﻫﺎﻳ ﻮﺍ ﻭ ﺷﺮﺣﻨﺎ ﺍ ﻫﻢ ﻧﻤﺎﺫﺝ‬
‫ﺍﻟﻤ ﻀﺎﺭﺑﻪ ﺍﻟﺨﺎ ﺻﻪ ﺑﻴﻪ ﻭﻟﻜﻦ ﻛﻤﺎ ﺍﻧ ﻈﺮﻧﺎ ﺳﺎﺑﻘﺎ ﺍ ﻥ ﻳﺠﺐ ﺍ ﻥ ﻧﻔﻬﻢ ﺟﻤﻴﻊ ﺍﻟﻌﻨﺎ ﺻﺮ ﻭﺍﻻﺑﻌﺎﺩ ﻭ ﻓ ﻮﺍﺋﺪ ﻛﻞ‬
‫ﺧ ﻂ ﻣﻨﻪ ﺧ ﻄ ﻮ ﻁﻪ ﻣﻨﻔﺮﺩﺍ**‬
‫‪or‬‬

‫************************‬
‫ﻓﻤﻤﺎ ﻻ ﺷﻚ ﻓﻴﻬﺎ ﺍ ﻥ ﻣ ﻮﺍ ﺷﺮ ﺍﻻﺗﺰﺍ ﻥ ﺍﻟﺴﻌﺮﻯ ﻣﻦ ﺍ ﻫﻢ ﺍﻟﻤ ﻮﺍ ﺷﺮﺍ ﺕ ﻟﻘﺮﺍءﻩ ﺍﻟﺴﻠ ﻮ ﻙ ﺍﻟﺴﻌﺮﻯ‬
‫‪.f‬‬

‫ﻭﺧ ﺼ ﻮ ﺻﺎ ﻋﻨﺪ ﺩﻣﺠﻪ ﻣﻊ ﺍﻻﻟﻴﺎ ﺕ ﺍﻻﺧﺮﻯ ﻣﺜﻞ ﺍﻟﻤﺎﺭﻛﺖ ﺑﺮﻭ ﻓﺎﻳﻞ ﻭﺗﺤﻠﻴﻞ ﺍﻟﺴﻴ ﻮﻟﻪ ﻭ ﺳﻴﺘﻢ‬
‫ﺷﺮﺡ ﺫﻟﻚ ﺗﻔ ﺼﻴﻼ ﻓﻰ ﺩﻭﺭﺍ ﺕ ﻓﻰ ﻣﻨﺘﺪﻯ ﻓ ﻮﺭﻛ ﺲ ﺍﻟﻐﺪ‬
‫‪w‬‬

‫‪Forex -m orrow .com‬‬

‫‪w‬‬
‫‪w‬‬
 ‫ﺍﻟﺒﺎ ﺏ ﺍﻟﺜﺎﻧﻰ‪ :‬ﻧ ﻈﺮﻳﻪ ﺍﻟﺒﻨﻴﻪ ﺍﻟﺴﻌﺮﻳﻪ‬
‫))‪((M arket structure theory‬‬
‫‪--------------------------------‬‬

‫ﺗﻌﺘﻤﺪ ﻧ ﻈﺮﻳﻪ ﺍﻟﺒﻨﻴﻪ ﺍﻟﺴﻌﺮﻳﻪ ﻋﻠﻰ ﺩﺭﺍ ﺳﻪ ﺍﻟﻤﺪﻯ ﺍﻟﺤﺮﻛﻰ ﻟﻼﺗﺠﺎﻩ ﻓﻰ ﺍﻻ ﺳ ﻮﺍ ﻕ‬

‫‪om‬‬
‫ﻭﺗﺘﺒﻨﺎء ﻣﺒﺪﺍء ﺍ ﻥ ﺟﻤﻴﻊ ﺍﻟﻤ ﻮﺟﺎ ﺕ ﺍﻟﺘﻰ ﻣﻦ ﻧﻔ ﺲ ﺍﻟﺪﺭﺟﻪ ﻣﺘﺮﺍﺑ ﻄﻪ ﺑﻌﻼ ﻗﺎ ﺕ ﺭﻳﺎ ﺿﻴﻪ‬
‫ﺗﺮﺑ ﻂ ﺑﻴﻦ ﺍﻟﺰﻣﻦ ﻭﺍﻟﺴﻌﺮ ﻓﻰ ﻛﻞ ﻣ ﻮﺟﻪ ﻣﻨﻬﻢ ﺣﻴﺚ ﻧﻬﺘﻢ ﺑﺪﺭﺍ ﺳﻪ ﺍﻟﺘﺴﻠﺴﻞ ﺍﻟﻤ ﻮﺟﻰ‬

‫‪.c‬‬
‫ﺛﻢ ﺭﺑ ﻂ ﺗﻠﻚ ﺍﻟﻤ ﻮﺟﺎ ﺕ ﻣﻊ ﺑﻌ ﻀﻬﺎ ﺑﺎﻻﺟ ﻮﺍء ﺍﻟﻤﺤﻴ ﻄﻪ ﻣﻦ ﻧ ﻈﺮﺍ ﺕ ﺗﺸﺎﺋﻤﻴﻪ ﻭﺗﻔﺎﺋﻠﻴﻪ‬
‫ﻭﺗﺤﻠﻴﻠﻬﺎ ﺳﻌﺮﻳﺎ ﻭﺯﻣﺎﻧﻴﺎ ﻭﺭﺑ ﻂ ﺫﻟﻚ ﻣﻊ ﻗ ﻮﺍﻋﺪ ﻭ ﻗ ﻮﺍﻧﻴﻦ ﺍﻟﻌﺮ ﺽ ﻭﺍﻟ ﻄﻠﺐ‬

‫‪r‬‬ ‫‪ow‬‬
‫‪or‬‬
‫*********************************‬
‫ﺍﻟﻔ ﺼﻞ ﺍﻟﺴﺎﺩ ﺱ ‪ :‬ﻧ ﻈﺮﻳﻪ ﻣ ﻮﺟﺎ ﺕ ﺍﻟﻴ ﻮ ﺕ‬
‫‪m‬‬
‫‪---------------------------------------------------‬‬
‫ﻫﻰ ﺍﺣﺪ ﺍﻟﻨ ﻈﺮﻳﺎ ﺕ ﺍﻟﺘﻰ ﺗﻔﺴﺮ ﺍﻟﺴﻠ ﻮ ﻙ ﺍﻟﺴﻌﺮﻯ ﻭﻫﻴﻜﻞ ﺣﺮﻛﻪ ﺍﻻ ﺳ ﻮﺍ ﻕ ﺍﻟﻤﺎﻟﻴﻪ ﻣﺒﺘﻜﺮ ﻫﺎ‬
‫‪-‬‬

‫ﻫ ﻮ ﺍﻟﻌﺒﻘﺮﻯ ﺭﺍﻟ ﻒ ﻧﻠﺴ ﻮ ﻥ ﺍﻟﻴ ﻮ ﺕ ﺣﻴﺚ ﻻﺣ ﻆ ﻋﻨﺪ ﺩﺭﺍ ﺳﺘﻪ ﻟﻠﻌﺪﻳﺪ ﻣﻦ ﺍﻟﺒﻴﺎﻧﺎ ﺕ ﻟﻜﺜﻴﺮ ﻣﻦ ﺍﻻ ﺳ ﻮﺍ ﻕ‬
‫‪ex‬‬

‫ﺍﻟﻤﺎﻟﻴﻪ ﻻﺣ ﻆ ﺗﻜﺮﺍﺭ ﺍﻟﻌﺪ ﻳﺪ ﻣﻦ ﺍﻟﻨﻤﺎﺫﺝ ﺑ ﺼ ﻮﺭﻩ ﺩﻭﺭﻳﻪ ﻭﻻﺣ ﻆ ﺍ ﻥ ﻫﺬﻩ ﺍﻟﻨﻤﺎﺫﺝ ﻳﻜ ﻮ ﻥ ﺟﺰء ﻓﻰ ﻧﻤ ﻮﺫﺝ‬
‫ﺍﻛﺒﺮ ﻣﻨﻪ‬
‫‪or‬‬

‫ﻭﻳﻜ ﻮ ﻥ ﻫﺬﺍ ﺍﻟﻨﻤ ﻮﺫﺝ ﺍﻻﻛﺒﺮ ﻫ ﻮ ﺷﺒﻴﻪ ﺑﻬﺬﻩ ﺍﻟﻨﻤﺎﺫﺝ ﻟﻴ ﻄﻠ ﻖ ﻟﻨﺎ ﻫﺬﻩ ﺍﻟﻨ ﻈﺮﻳﻪ ﺍﻟﺘﻰ ﻛﺎﻧﺖ ﺍﻡ ﻟﻜﻞ‬
‫ﺍﻟﻨ ﻈﺮﻳﺎ ﺕ ﻟﺘﺤﻠﻴﻞ ﺍﻻ ﺳ ﻮﺍ ﻕ ﻋﻦ ﻁﺮﻳ ﻖ ﺍﻟﻨﻤﺎﺫﺝ‬
‫‪.f‬‬

‫ﻓﺎﻟﻤ ﻮﺟﺎ ﺕ ﻣﺎ ﻫﻰ ﺍﻟﻰ ﺩ ﻭﺭﺍ ﺕ ﻣﻦ ﺍﻟﺘﺸﺎﺋﻢ ﻭﺍﻟﺘﻔﺎﺋﻞ ﺍﻟﻨﺎﺗﺠﻪ ﻋﻦ ﺍﻻﺟ ﻮﺍء ﺍﻟﻤﺤﻴ ﻄﻪ ﺑﺎﻟﻤﺴﺘﺜﻤﺮﻳﻦ‬
‫‪w‬‬

‫ﻭﺍﻟﺘﻰ ﺗ ﻮﺍﺛﺮ‬
‫ﻋﻠﻰ ﻗﺮﺍﺭﺍﺗﻬﻢ ﻭﻧﻔﺴﻴﺘﻬﻢ ﻭﻳﺘﻌﻜ ﺲ ﺫﻟﻚ ﻓﻰ ﺣﺮﻛﻪ ﺍﻻ ﺳ ﻮﺍ ﻕ ﻭ ﻫﺬﻩ ﺍﻟﺪﻭﺭﺍ ﺕ ﻟﻴﺴﺖ ﺑﻨ ﻈﺎﻡ‬
‫‪w‬‬

‫ﻋﺸ ﻮﺍﺋﻰ ﺍ ﻭ‬
‫ﻋﺎ ﻁﻔﻰ ﻭﺍﻧﻤﺎ ﻫ ﻮ ﺳﻠ ﻮ ﻙ ﻣﻨﺘ ﻈﻢ ﻳﺎﺗﻰ ﻓﻰ ﺍ ﺷﻜﺎ ﻝ ﺗﺴﻠﺴﻠﻴﻪ ﻭﺩﻭﺭﻳﻪ ﻛﺎﻯ ﺷﺊ ﻓﻰ ﺍﻟ ﻄﺒﻴﻌﻪ‬
‫‪w‬‬

‫ﻭ ﻫﻰ ﺍﻡ ﻟﺘ ﻄﺒﻴ ﻖ ﻗﺎﻋﺪﻩ‬
‫ﺍﻟﺘﺎﺭﻳﺦ ﻳﻌﻴﺪ ﻧﻔﺴﻪ‬
 ‫‪--------------------------------------‬‬
‫ﻁﺮﻳﻘﻪ ﺗﺤﺮ ﻙ ﺍﻟﺴ ﻮ ﻕ ﻁﺒﻘﺎ ﺍﻟﻰ ﻧ ﻈﺮﻳﻪ ﻣ ﻮﺟﺎ ﺕ ﺍﻟﻴ ﻮ ﺕ‬
‫‪-------------------------------------------‬‬
‫ﻳﺘﺤﺮ ﻙ ﺍﻟﺴ ﻮ ﻕ ﻓﻰ ‪ 3‬ﻣﺮﺍﺣﻞ‬
‫)) ﺍﺗﺠﺎﻩ ﺻﺎﻋﺪ‪ -‬ﺍﺗﺠﺎﻩ ﻋﺮ ﺿﻰ‪ -‬ﺍﺗﺠﺎﻩ ﻫﺎﺑ ﻂ((‬

‫‪om‬‬
‫ﺣﻴﺚ ﺗﺘﻜ ﻮ ﻥ ﺩ ﻭﺭﻩ ﺍﻻﺗﺠﺎﻩ ﻣﻦ ﻣﺮﺣﻠﺘﻴﻦ ﻣﻦ ﺍﻻﻣ ﻮﺍﺝ‬
‫‪--------------------------------‬‬

‫‪.c‬‬
‫‪r‬‬ ‫‪ow‬‬
‫‪or‬‬
‫‪m‬‬

‫‪------------------------------------‬‬
‫‪-‬‬
‫‪ex‬‬

‫ﺍﻟﻤ ﻮﺟﻪ ﺍﻻ ﻭﻟﻰ‪ :‬ﻭ ﻫﻰ ﺍﻟﺤﺎ ﻓﺰﻩ‬

‫‪M otivation W ave‬‬
‫‪or‬‬

‫‪----------------------------‬‬
‫ﻭﻫﻰ ﻣ ﻮﺟﻪ ﺗﻜ ﻮ ﻥ ﻏﺎﻟﺒﺎ ﻣﻦ ﺧﻤ ﺲ ﻣ ﻮﺟﺎ ﺕ ﻭﻧﺎﺩﺭ ﺍ ﻥ ﺗﻜ ﻮ ﻥ ‪ 3‬ﻣ ﻮﺟﺎ ﺕ‬
‫‪.f‬‬

‫ﺣﻴﺚ ﺗﻜ ﻮ ﻥ ﺍﻟﻤ ﻮﺟﻪ ﺍﻻ ﻭﻟﻰ ﻭﺍﻟﺜﺎﻟﺜﻪ ﻭﺍﻟﺨﺎﻣﺴﻪ ﺩﺍ ﻓﻌﻪ ﻟﻼﺗﺠﺎﻩ‬

‫ﻭﺍﻟﺜﺎﻧﻴﻪ ﻭﺍﻟﺮﺍﺑﻌﻪ ﺗ ﺼﺤﻴﺢ ﻟﻬﺬﺍ ﺍﻻﺗﺠﺎﻩ‬
‫‪w‬‬

‫‪--------------------------------------‬‬
‫‪w‬‬

‫ﺍﻟﻤ ﻮﺟﻪ ﺍﻟﺜﺎﻧﻴﻪ ‪ :‬ﻫﻰ ﺍﻟﺘ ﺼﺤﻴﺢ‬

‫ﻭﻫﻰ ﺗﺘﻜ ﻮ ﻥ ﻣﻦ ‪ 3‬ﻣ ﻮﺟﺎ ﺕ‬
‫‪w‬‬

‫ﺣﻴﺚ ﺗﻜ ﻮ ﻥ ﺍﻟﻤ ﻮﺟﻪ ﺍﻻ ﻭﻟﻰ ﻭﺍﻟﺜﺎﻟﺜﻪ ﻋﻜ ﺲ ﺍﺗﺠﺎﻩ ﺍﻟﺪ ﻭﺭﻩ ﺍﻟﺴﺎﺑﻘﻪ‬

‫ﺍﻣﺎ ﺍﻟﻤ ﻮﺟﻪ ﺍﻟﺜﺎﻧﻴﻪ ﻣﻊ ﺍﺗﺠﺎﻩ ﺍﻟﺪ ﻭﺭﻩ ﺍﻟﺴﺎﺑﻘﻪ‬
 ‫*************************‬
‫ﻣﻼﺣ ﻈﻪ ﻫﺎﻣﻪ ‪:‬‬
‫‪------------------------‬‬
‫ﺫﻛﺮﻧﺎ ﺍ ﻥ ﺍﻻﺗﺠﺎﻩ ﻓﻰ ﻣ ﻮﺟﺎ ﺕ ﺍﻟﻴ ﻮ ﺕ ﺗﻌﻤﻞ ﺑﻨ ﻈﺎﻡ ﺍﻟﻔﺮﺍﻛﺘﻞ‬
‫ﺍﻯ ﺍ ﻥ ﺗﺮﻛﻴﺐ ﺍﻟﻤ ﻮﺟﻪ ﺍﻟﻜﺒﻴﺮ ﻫ ﻮ ﻧﻔ ﺲ ﺗﺮﻛﻴﺐ ﺍﻟﻤ ﻮﺟﻪ ﺍﻟ ﺼﻐﻴﺮﻩ‬

‫‪om‬‬
‫ﻭﺗﻠﻚ ﺍﻟﻤ ﻮﺟﺎ ﺕ ﺍﻟ ﺼﻐﻴﺮﻩ ﺗﺘﺮﻛﺐ ﻣﻦ ﻣ ﻮﺟﺎ ﺕ ﺍ ﺻﻐﺮ ﻭﻟﻬﺎ ﻧﻔ ﺲ ﺍﻟﺘﺮﻛﻴﺐ ﻟﻠﻤ ﻮﺟﻪ ﺍﻟﺘﻰ ﺍﻛﺒﺮ ﻣﻨﻬﺎ‬
‫**ﻟﺬﻟﻚ ﺍﺑﺘﻜﺮ ﺍﻟﻴ ﻮ ﺕ ﻁﺮﻳﻘﻪ ﻟﺘﺮ ﻗﻴﻢ ﺗﻠﻚ ﺍﻟﻤ ﻮﺟﺎ ﺕ ﺑﺤﻴﺚ ﺍ ﻥ ﺍﻟﻬﺪ ﻕ ﻫ ﻮ ﺩﺭﺍ ﺳﻪ ﺍﻟﻤ ﻮﺟﺎ ﺕ ﻣﻦ ﻧﻘ ﺲ‬
‫ﺍﻟﺪﺭﺟﻪ ﺍﻟﺤﺮﻛﻴﻪ **‬

‫‪.c‬‬
‫***********************‬

‫‪ow‬‬
‫ﻛﻤﺎ ﺫﻛﺮﻧﺎ ﺍ ﻥ ﺍﻟﺤﺮﻛﻪ ﺍﻟﺴﻌﺮﻳﻪ ﺗﺘﻜ ﻮ ﻥ ﻣﻦ ﻣ ﻮﺟﺘﻴﻦ‬

‫‪r‬‬
‫ﺍ ﻭﻻ‪ :‬ﺍﻟﻤ ﻮﺟﻪ ﺍﻟﺤﺎ ﻓﺰﻩ‬
‫‪or‬‬
‫‪-----------------------------‬‬
‫ﻫﻰ ﺍﻟﺤﺮﻛﻪ ﺍﻟﺘﻰ ﺗ ﻮ ﺿﺢ ﺗﺮﻛﻴﺐ ﻛﻼ ﻣﻦ ﺍﻟﻤ ﻮﺟﻪ ﺍﻻ ﻭﻟﻰ ﻭﺍﻟﺜﺎﻟﺜﻪ ﻭﺍﻟﺨﺎﻣﺴﻪ‬
‫‪m‬‬

‫ﺍﻟﻘ ﻮﺍﻋﺪ ﺍﻟﻌﺎﻣﻪ ﻟﻠﻤ ﻮﺟﻪ ﺍﻟﺤﺎ ﻓﺰﻩ‬

‫‪-‬‬
‫‪ex‬‬

‫‪-------------------------------------‬‬
‫‪ -1‬ﺍﻟﻤ ﻮﺟﻪ ﺍﻟﺜﺎﻟﺜﻪ ﻻ ﻳﻤﻜﻦ ﺍ ﻥ ﺗﻜ ﻮ ﻥ ﺍ ﻗ ﺼﺮ ﺍﻟﺪ ﻭﺭﺍ ﺕ ﺑﻴﻦ ﺍ ﻝ ‪ 1‬ﻭ ‪5‬‬
‫‪or‬‬

‫‪------------------------------‬‬
‫‪.f‬‬
‫‪w‬‬
‫‪w‬‬
‫‪w‬‬

‫‪---------------------------‬‬
‫ﻭ ﺫﻟﻚ ﻳﺮﺟﻊ ﺍﻟﻰ ﺍﻧﻬﺎ ﺗﻤﺜﻞ ﺫﺭﻭﻩ ﺍﻻﻧﻔﺠﺎﺭ ﺍﻟﺴﻌﺮﻯ ﺣﻴﺚ ﺗﻜ ﻮ ﻥ ﺩﺭﺟﻪ ﺍﻟﺘﻔﺎﺋﻞ ﻋﺎﻟﻴﻪ ﻭ ﻓﻰ ﻗﻤﺘﻬﺎ‬
‫ﺑﺠﺎﻧﺐ ﺳﻴ ﻄﺮﻩ‬
‫ﺻﻨﺎﻉ ﺍﻟﺴ ﻮ ﻕ ﻋﻠﻰ ﻋﻤﻠﻴﺎ ﺕ ﺍﻟﺴ ﻮ ﻕ ﺑﻌﺪ ﺍ ﻥ ﺩ ﻓﻊ ﺻﻐﺎﺭ ﺍﻟﻤ ﻀﺎﺭﺑﻴﻦ ﺍﻟﺜﻤﻦ ﻓﻰ ﺗﺠﻤﻴﻊ ﺍﻟﻤ ﻮﺟﻪ‬
‫ﺍﻟﺜﺎﻧﻴﻪ‬
‫‪-----------------------------‬‬

‫‪om‬‬
‫‪ -2‬ﻏﺎﻟﺒﺎ ﺗﻜ ﻮ ﻥ ﺍﻟﻤ ﻮﺟﻪ ﺍﻟﺜﺎﻟﺜﻪ ﻣﻤﺘﺪﻩ ﺍﻯ ﺍ ﻥ ﺗﺮﻛﻴﺒﻬﺎ ﺍﻟﺪﺍﺧﻠﻰ ﺑﺎﺭﺯ ﻭ ﻭﺍ ﺿﺢ ﻋﻦ ﺍﻟﻤ ﻮﺟﻪ ﺍﻻ ﻭﻟﻰ ﺍ ﻭ‬

‫‪.c‬‬
‫‪r‬‬ ‫‪ow‬‬
‫ﺍﻟﺨﺎﻣﺴﻪ‬
‫‪or‬‬
‫‪-----------------------‬‬
‫‪m‬‬
‫‪---------------------------‬‬

‫ﻓﻜﻤﺎ ﺫﻛﺮﻧﺎ ﺍﻧﺎ ﺗﻤﺜﻞ ﺍﻋﻠﻰ ﺩﺭﺟﻪ ﺗﻔﺎﺋﻞ ﻭ ﻓﻴﻬﺎ ﻳﺒﺪﺍء ﺻﻨﺎﻉ ﺍﻟﺴ ﻮ ﻕ ﺍﺗﺨﺎﺫ ﺳﻴﺎ ﺳﻪ ﺍﻻﺣﺘﻜﺎﺭ‬
‫‪-‬‬

‫ﺍﻟﺸﺮﺍﺋﻰ ﺍ ﻭ ﺍﻟﺒﻴﻌﻰ‬
‫‪ex‬‬

‫ﺑﻬﺎ ﻭﻳ ﺘﻢ ﻧ ﺼﺐ ﺍﻟﻔﺨ ﻮﺥ ﻟﻠﻤﺘﺎﺟﺮﻳﻦ ﻁ ﻮﺍ ﻝ ﺍﻻﺗﺠﺎﻩ ﻓﻰ ﺍﻟ ﺼﻌ ﻮﺩ ﺍ ﻭ ﺍﻟﻬﺒ ﻮ ﻁ ﻟﺬﻟﻚ ﻳ ﻈﻬﺮ ﺍﻟﺘﺮﻛﻴﺐ‬

‫ﺍﻟﺪﺍﺧﻠﻰ ﻓﻴﻬﺎ‬
‫‪or‬‬

‫ﻳ ﻮ ﺿ ﻮﺡ‬
‫‪.f‬‬
‫‪w‬‬

‫‪ -3‬ﺍﺫﺍ ﻛﺎ ﻥ ﺗ ﺼﺤﻴﺢ ﺍﻟﻤ ﻮﺟﻪ ﺍﻟﺜﺎﻧﻴﻪ ﻋﻤﻴ ﻖ ﻓﻌﺎﻟﺒﺎ ﻣﺎ ﺗﻜ ﻮ ﻥ ﺍﻟﻤ ﻮﺟﻪ ﺍﻟﺮﺍﺑﻌﻪ ﺗ ﺼﺤﻴﺤﻬﺎ ﻋﺮ ﺿﻰ‬
‫ﻭﺍﻟﻌﻜ ﺲ ﺻﺤﻴﺢ‬
‫‪w‬‬

‫))ﻟﻴ ﺲ ﺑﺎﻟ ﻀﺮﻭﺭﻩ ﺍ ﻥ ﺗ ﻮﺟﺪ ﻫﺬﻩ ﺍﻟﻘﺎﻋﺪﻩ ﻓﻰ ﺟﻤﻴﻊ ﺍﻻﺣﺘﻤﺎﻻ ﺕ((‬

‫‪------------------------‬‬
‫‪w‬‬

‫‪ -4‬ﺍﻟﻤ ﻮﺟﻪ ﺍﻟﺜﺎﻧﻴﻪ ﻻ ﺗ ﺼﺤﺢ ﺍﻟﻤ ﻮﺟﻪ ﺍﻻ ﻭﻟﻰ ﺑﺎﻟﻜﺎﻣﻞ ﻭﻛﺬﺍﻟﻚ ﺍﻟﻤ ﻮﺟﻪ ﺍﻟﺮﺍﺑﻌﻪ ﻻ ﺗ ﺼﺤﺢ ﺍﻟﻤ ﻮﺟﻪ‬
‫ﺍﻟﺜﺎﻟﺜﻪ ﺑﺎﻟﻜﺎﻣﻞ‬
‫ﺣﻴﺚ ﺍ ﻥ ﺍﻟﻤ ﻮﺟﻪ ﺍﻟﺜﺎﻧﻴﻪ ﻣﺎ ﻫﻰ ﺍﻻ ﺳﻴﺎ ﺳﻪ ﻟﺘﺨ ﻮﻳ ﻒ ﺍﻟﻤﺘﺎﺟﺮﻳﻦ ﺑﺎ ﻥ ﺍﻟﺴ ﻮ ﻕ ﻣﺎ ﺯﺍ ﻝ ﻓﻰ ﺍﺗﺠﺎﻩ‬
‫ﺩ ﻭﺭﻩ ﺍﻟﺘ ﺼﺤﻴﺢ‬
‫ﻟﻼﺗﺠﺎﻩ ﺍﻟﺴﺎﺑ ﻖ ﻓﺘﻜ ﻮ ﻥ ﻫﺪ ﻑ ﺍﻟﻤ ﻮﺟﻪ ﺍﻟ ﺜﺎﻧﻴﻪ ﻫ ﻮ ﺍﺧﺘﺒﺎﺭ ﻫﺬﺍ ﺍﻟﺘﺬﺑﺬ ﺏ ﻭ ﻁﺮﺩ ﺍﻟﻤ ﻀﺎﺭﺑﻴﻦ ﺍﻟﺬﻯ ﺩﺧﻠﻪ‬
‫ﻣﻊ ﺍﻻﺗﺠﺎﻩ‬
‫ﻓﻰ ﺍﻟﻤ ﻮﺟﻪ ﺍﻻ ﻭﻟﻰ‬

‫ﺍﻣﺎ ﻓﻰ ﺍﻟﻤ ﻮﺟﻪ ﺍﻟﺮﺍﺑﻌﻪ ﺍﻟﻬﺪ ﻑ ﻣﻨﻬﺎ ﺍﻋ ﻄﺎء ﺍﻳﺤﺎء ﻟﻠﻤ ﻀﺎﺭﺑﻴﻦ ﺑﺎ ﻥ ﺍﻻﺗﺠﺎﻩ ﺍﻧﺘﻬﻰ ﻭﺍﻧﻪ ﻋﻠﻰ ﻭ ﺷﻚ‬

‫‪om‬‬
‫ﺍﻻﻧﻬﻴﺎﺭ ﻭﺗﻜ ﻮ ﻥ‬
‫ﺩﺭﺟﻪ ﺍﻟﺘﻔﺎﺋﻞ ﺗﻨﻘﻠﺐ ﺍﻟﻰ ﺗﺸﺎﺋﻢ ﺑ ﺼ ﻮﺭﻩ ﺗﺘﺪﺭﻳﺠﻴﻪ ﻭ ﻫﻰ ﺗﻌﺘﺒﺮ ﻓﺘﺮﻩ ﺗﺠﻬﻴﺰ ﻟﺮ ﻓﻊ ﺍﻻ ﺳﻌﺎﺭ ﻣﺮﻩ‬
‫ﺍﺧﺮﻯ ﺣﺘﻰ‬
‫ﻳﺤﻘ ﻖ ﺍﻟﻤﺰﻳﺪ ﻣﻦ ﺍﻻﺭﺑﺎﺡ ﻋﻠﻰ ﺣﺴﺎ ﺏ ﺻﻐﺎﺭ ﺍﻟﻤ ﻀﺎﺭﺑﻴﻦ ﻭ ﻫﻰ ﻓﺘﺮﻩ ﻟﺘﻔﺮﻳﻎ ﺻﻐﺎﺭ ﺍﻟﻤ ﻀﺎﺭﺑﻴﻦ‬

‫‪.c‬‬
‫ﻣﻦ ﺍﻟﻤ ﻮﺟﻪ ﺍﻟﺸﺮﺍﺋﻴﻪ ﺍﻟﺘﻰ ﻛﺎﻧﺖ ﻓﻰ ﺍﻟﻤ ﻮﺟﻪ ﺍﻟﺜﺎﻟﺜﻪ‬

‫‪ow‬‬
‫‪ -5‬ﺍﺣﻴﺎﻧﺎ ﺗﺎﺗﻰ ﺍﻟﻤ ﻮﺟﻪ ﺍﻟﺨﻤﺴﻪ ﺍﻧﻘ ﻄﺎﻋﻴﻪ ﺑﻤﻌﻨﻰ ﻻ ﺗﺘﺨ ﻄﻰ ﻗﻤﻪ ﺍﻟﻤ ﻮﺟﻪ ﺍﻟﺜﺎﻟﺜﻪ‬
‫ﻭﺫﻟﻚ ﻏﺎﻟﺒﺎ ﻳﺮﺟﻊ ﺍﻟﻰ ﺍﻟﺨﺮ ﻭﺝ ﺍﻟﻔﺠﺎﺋﻰ ﻣﻦ ﺻﻨﺎﻉ ﺍﻟﺴ ﻮ ﻕ ﻧﺘﻴﺠﻪ ﺗﻐﻴﺮ ﺧ ﻄﻴﺮ ﻓﻰ ﺍﻟﺒﻴﺌﻪ‬

‫‪r‬‬
‫ﺍﻻ ﺳﺘﺜﻤﺎﺭﻳﻪ ﻓﻰ ﻫﺬﺍ‬
‫‪or‬‬
‫ﺍﻟ ﻮ ﻗﺖ ﺍﻣﺎ ﻓﻰ ﺣﺎﻟﻪ ﺍﻻﺯﻣﺎ ﺕ ﺍﻟﻌﺎﻟﻤﻴﻪ ﻣﻦ ﺍﻟﻤﻤﻜﻦ ﺍ ﻥ ﻧﺸﺎﻫﺪ ﺍﻧﻌﺪﺍﻡ ﺍﻟﺘ ﺼﺤﻴﺢ ﻭ ﻅﻬ ﻮﺭ ﺩﻭﺭﺗﻴﻦ‬
‫ﺻﺎﻋﺪﻩ‬
‫‪m‬‬
‫ﺧﻤﺎ ﺳﻴﻪ ﻭ ﻫﺎﺑ ﻄﻪ ﺧﻤﺎ ﺳﻴﻪ ﻭﺍﻟﺬﻯ ﻳﻌﺮ ﻑ ﺑﺎﻟﺮﺍ ﺱ ﻭﺍﻟﻜﺘﺎ ﻓﻴﻦ‬
‫‪-‬‬
‫‪ex‬‬

‫‪ -6‬ﺍﺫﺍ ﺗﺴﺎ ﻭﻯ ﻁ ﻮ ﻝ ﺍﻟﻤ ﻮﺟﻪ ﺍﻻ ﻭﻟﻰ ﻭﺍﻟﺜﺎﻟﺜﻪ ﻭﺍﻟﺨ ﺎﻣﺴﻪ ﻳﺠﺐ ﺍﻻﺧﺬ ﺑﺎﻻﻋﺘﺒﺎﺭ ﺍﻧﻬﺎ ﻣﻦ ﺍﻟﻤﻤﻜﻦ ﺍ ﻥ‬
‫‪or‬‬

‫ﺗﻜ ﻮ ﻥ ﻣ ﻮﺟﻪ ﺩﺍ ﻓﻌﻪ ﺍ ﻭ ﺗ ﺼﺤﻴﺢ ﻣﻦ ﺩﺍﺑﻞ ﺯﺟﺰﺍﺝ‬

‫‪.f‬‬

‫*********************‬
‫‪w‬‬

‫ﻧﻤﺎﺫﺝ ﺍﻟﻤ ﻮﺟﻪ ﺍﻟﺤﺎ ﻓﺰﻩ‬

‫‪w‬‬

‫‪--------------------------------‬‬
‫‪w‬‬

‫ﻫﻨﺎ ﻙ ﺛﻼ ﺙ ﺍﻧ ﻮﺍﻉ ﺭﺋﻴﺴﻴﻪ ﻟﻠﻤ ﻮﺟﻪ ﺍﻟﺤﺎ ﻓﺰﻩ‬

 ‫ﺍﻟﻤ ﻮﺟﻪ ﺍﻟﺪﺍ ﻓﻌﻪ‬
‫‪Impulse wave‬‬

‫‪-------------------------------‬‬

‫‪om‬‬
‫‪.c‬‬
‫‪ow‬‬
‫‪-------------------------------------------‬‬

‫‪r‬‬
‫ﻭﻳﺮﺟﻊ ﺗﻌﺪﺩ ﺍﻧ ﻮﺍﻉ ﺍﻟﻤ ﻮﺟﺎ ﺕ ﺍﻟﺪﺍ ﻓﻌﻪ ﻟﺨﺘﻼ ﻑ ﻛﻤﻴﻪ ﺍﻟﻌﺮ ﺽ ﻭﺍﻟ ﻄﻠﺐ ﺍﻟﻤﺘﺎﺛﺮﻩ ﺑﺎﻻﺟ ﻮﺍء ﺍﻻ ﻗﺘ ﺼﺎﺩﻳﻪ‬
‫‪or‬‬
‫* ﻭﺍﻟﺴﻴﺎ ﺳﻴﻪ‬
‫ﺍﻟﺘﻰ ﺗ ﻮﺍﺛﺮ ﻓﻰ ﺩﻭﺭﻩ ﺍﻟﺴﻠ ﻮ ﻙ ﺍﻟﺴﻌﺮﻯ ﻟﺪﻯ ﺍﻟﻨﺎ ﺱ ﻓﻰ ﺗﻠﻚ ﺍﻻ ﻭ ﻗﺎ ﺕ ﻣﻦ ﻋﻤﻠﻴﻪ ﺻﻌ ﻮﺩ ﻓﻰ‬
‫‪m‬‬
‫ﺍﻻ ﺳﻌﺎﺭ ﺍ ﻭ ﻫﺒ ﻮ ﻁ‬
‫ﻣﻨﻬﺎ ﻭﺍﻟﺘﻰ ﻳﺴﺘﻐﻠﻬﺎ ﺍﻟﺒﺎﺋﻌﻴﻦ ﻓﯩﺘﺤﻘﻴ ﻖ ﺍﺭﺑﺎﺣﻬﻢ ﺑﻌﺪ ﺧﺪﺍﻋﻪ ﻟ ﺼﻐﺎﺭ ﺍﻟﻤ ﻀﺎﺭﺑﻴﻦ ﻓﻰ ﻧﻤ ﻮﺫﺝ‬
‫‪-‬‬

‫ﺍﻟﺘﺠﻤﻴﻊ ﻓﻰ ﺣﺎﻟﻪ‬
‫‪ex‬‬

‫ﺍﻻﺗﺠﺎﻩ ﺍﻟ ﺼﺎﻋﺪ ﺍ ﻭ ﺍﻟﺘ ﺼﺮﻳ ﻒ ﻓﻰ ﺣﺎﻟﻪ ﺍﻻﺗﺠﺎﻩ ﺍﻟﻬﺎﺑ ﻂ ﻭﻳﺒﺪﺍء ﺳﻴﺎ ﺳﻪ ﺍﻻﺣﺘ ﻘﺎﺭ ﻓﻰ ﻫﺬﻩ ﺍﻟﻤ ﻮﺟﻪ‬
‫ﻭﻳﻨ ﺼﺐ ﻓﻴﻬﺎ‬
‫‪or‬‬

‫ﻓﺨ ﻮﺧﻪ ﻋﻦ ﻁﺮﻳ ﻖ ﺍﺗﺒﺎﻉ ﺳﻴﺎ ﺳﻪ ﺗﺠﻤﻴﻊ ﺍﻻﺣﺘﻜﺎﺭ ﻓﻰ ﺣﺎﻟﻪ ﺍﻻﺗﺠﺎﻩ ﺍﻟ ﺼﺎﻋﺪ ﺍ ﻭ ﺗﻌ ﻮﻳﻢ ﺍﻻ ﺳﻌﺎﺭ ﻓﻰ‬
‫ﺣﺎﻟﻪ‬
‫ﺍﻻﺗﺠﺎﻩ ﺍﻟﻬﺎﺑ ﻂ‬
‫‪.f‬‬

‫*******************************‬
‫‪w‬‬

‫*ﺗﺮﻛﻴﺐ ﺍﻟﻤ ﻮﺟﻪ ﺍﻟﺪﺍ ﻓﻌﻪ*‬

‫‪w‬‬

‫‪Impulse wave‬‬

‫‪------------------------------------------‬‬
‫‪w‬‬

‫ﺗﺘ ﻮﺍﺟﺪ ﻓ ﻰ ﺍﻟﻤ ﻮﺟﻪ ﺍﻻ ﻭﻟﻰ ﻭﺍﻟﺜﺎﻟﺜﻪ ﻭﺍﻟﺨﺎﻣﺴﻪ‬

‫ﻭ ﻓﻰ ﺗﺮﻛﻴﺐ ﻧﻤﺎﺫﺝ ﺍﻟﺘ ﺼﺤﻴﺢ‬
‫ﻭﺧ ﺼ ﻮ ﺻﺎ ﺍﻟﻤ ﻮﺟﻪ ‪C‬‬
 ‫ﺗﺘﺮﻛﺐ ﺍﻟﻤ ﻮﺟﻪ ﺍﻟﺪﺍ ﻓﻌﻪ ﻣﻦ ‪ 5‬ﻣ ﻮﺟﺎ ﺕ ﻏﺎﻟﺒﺎ‬
‫ﺗﺘﻤﻴﺰ ﺍﻟﻤ ﻮﺟﻪ ﺍﻟﺪﺍ ﻓﻌﻪ ﺑﺎ ﻟﺘﺎﻟﻰ‬

‫‪ -1‬ﺍﻣﺘﺪﺍﺩ ﺍﻟﻤ ﻮﺟﻪ ﺍﻟﺜﺎﻟﺜﻪ ﻏﺎﻟﺒﺎ‬

‫‪om‬‬
‫ﻭﻳﻜ ﻮ ﻥ ﺫﻟﻚ ﻏﺎﻟﺒﺎ ﻧﺘﻴﺠﻪ ﺍ ﻥ ﺩﺭﺟﻪ ﺍﻟﺘﻔﺎﺋﻞ ﻭﺍﻟﺘﻰ ﺗﻤﺜﻞ ﺍﻟ ﻄﻠﺐ ﻓﻰ ﺍﻻﺗﺠﺎﻩ ﺍﻟ ﺼﺎﻋﺪ ﻭﺍﻟﺘ ﺼﺮﻳ ﻒ ﻓﻰ‬
‫ﺍﻻﺗﺠﺎﻩ ﺍﻟﻬﺎﺑ ﻂ‬
‫ﻋﺎﻟﻴﻪ ﻣﻤﺎ ﻳﺠﻌﻞ ﺍﻟﺘﻼﻋﺐ ﺍﻟﺴ ﻮ ﻗﻰ ﺍﻟﻤﺴﺘﺨﺪﻡ ﻓﻰ ﺍﻻﺣﺘﻜﺎﺭ ﺍﻟﺸﺮﺍﺋﻰ ﻭﺗﻌ ﻮﻳﻢ ﺍﻟﺒﻴﻊ ﺗﺘﻜﺮﺭ ﺑ ﺼ ﻮﺭﻩ‬

‫‪.c‬‬
‫ﺳﺮﻳﻌﻪ‬
‫ﻭﺑﺘﻌﺪﺩ ﺣﺘﻰ ﻳﺴﺘ ﻄﻴﻊ ﺻﻨﺎﻉ ﺍﻟﺴ ﻮ ﻕ ﺍﺣﺘﻜﺎﺭ ﻛﻤﻴﻪ ﺍﻟ ﻄﻠﺐ ﺍ ﻭ ﺍﻟﻌﺮ ﺽ ﺣﺴﺐ ﺍﻻﺗﺠﺎﻩ ﺑﺎﻟ ﺼ ﻮﺭﻩ‬

‫‪ow‬‬
‫ﺍﻟﻤﻨﺎ ﺳﺒﻪ‬

‫‪ -2‬ﻋﺪﻡ ﺗﺪﺍﺧﻞ ﺍﻟﻤ ﻮﺟﻪ ﺍﻟﺮﺍﺑﻌﻪ ﻣﻊ ﺍﻟﻤ ﻮﺟﻪ ﺍﻻ ﻭﻟﻰ‬

‫‪r‬‬
‫ﻭﺫﻟﻚ ﻳﺮﺟﻊ ﺍﻟﻰ ﻗ ﻮﻩ ﺍﻟﺘﻔﺎﺋﻞ ﻓﻰ ﺍﻟﻤ ﻮﺟﻪ ﺍﻟﺜﺎﻟﺜﻪ ﻭﺍﻟﺘﻰ ﻧﺎﺗﺠﻪ ﻋﻦ ﻛﻤﻴﻪ ﺍﻟ ﻄﻠﺐ ﺍ ﻭ ﺍﻟﻌﺮ ﺽ )ﺣﺴﺐ‬
‫‪or‬‬
‫ﺍﻻﺗﺠﺎﻩ (‬
‫ﻣﺮﺗﻔﻌﻪ ﻓﺘﻜ ﻮ ﻥ ﺍﻟﻤ ﻮﺟﻪ ﺍﻟﺮﺍﺑﻌﻪ ﺿﻌﻴﻔﻪ ﺍﻟﺘﻔﺮﻳﻎ ﻟﻠﻤ ﻮﺟﻪ ﺍﻟﺜﺎﻟﺜﻪ ﻣﻤﺎ ﻳﺠﻌﻞ ﻛﻤﻴﻪ ﺍﻟ ﻄﻠﺐ ﺍ ﻭ ﺍﻟﻌﺮ ﺽ‬
‫‪m‬‬
‫ﺍﻟﻤﻌﺎﻛﺴﻪ‬
‫ﻟﻠﻤ ﻮﺟﻪ ﺍﻟﺜﺎﻟﺜﻪ ﺿﻌ ﻴﻔﻪ ﻭﺑﺎﻟﺘﺎﻟﻰ ﻻﺗﺴﺘ ﻄﻴﻊ ﺍﻟﺘﺪﺍﺧﻞ ﻣﻊ ﺍﻟﻤ ﻮﺟﻪ ﺍﻻ ﻭﻟﻰ‬
‫‪-‬‬
‫‪ex‬‬

‫‪ -3‬ﺗ ﺼﺤﻴﺢ ﺍﻟﻤ ﻮﺟﻪ ﺍﻟﺮﺍﺑﻌﻪ ﻏﺎﻟﺒﺎ ﻣﺎ ﻳﻜ ﻮ ﻥ ﺟﺎﻧﺒﻰ ﻭﻟﻴ ﺲ ﺣﺎﺩ‬

‫ﻭﺫﻟﻚ ﻳﺮﺟﻊ ﻛﻤﺎ ﺫﻛﺮﻧﺎ ﺳﺎﺑﻘﺎ ﻋﺪﻡ ﻗﺪﺭﻩ ﺍﻟﻘ ﻮﻩ ﺍﻟﻤﻌﺎﻛﺴﻪ ﻟﻠﻤ ﻮﺟﻪ ﺍﻟﺜﺎﻟﺜﻪ ﻋﻠﻰ ﺍﻟﺘﺎﺛﻴﺮ ﻓﻰ ﻛﻤﻴﻪ‬
‫‪or‬‬

‫ﺍﻟ ﻄﻠﺐ‬
‫ﻭﺍﻟﻌﺮ ﺽ ﻓﻴﺒﺪﺍء ﺻﻨﺎﻉ ﺍﻟﺴ ﻮ ﻕ ﻋﻤﻞ‬
‫‪.f‬‬

‫‪Lock in price‬‬
‫‪w‬‬

‫ﻟﻘﻤﻪ ﺍ ﻭ ﻗﺎﻉ ))ﺣﺴ ﺐ ﺍﻻﺗﺠﺎﻩ(( ﻟﻠﻤ ﻮﺟﻪ ﺍﻟﺜﺎﻟﺜﻪ ﻭﻳﺒﺪﺍء ﻳﺮ ﻭﺟ ﻮﻩ ﺍﻧﻬﺎ ﻋﻤﻠﻪ ﺗﺠﻤﻴﻊ ﺍ ﻭ ﺗ ﺼﺮﻳ ﻒ‬
‫ﻓﻴﺒﺪﺍء ﻋﻤﻠﻴﻪ ﺍﻟ ﻄﺮﺩ ﻟ ﺼﻨﺎﻉ ﺍﻟﻤ ﻀﺎﺭﺑﻴﻦ ﻓﻰ ﻫﺬﻩ ﺍﻟﻌﻤﻠﻴﻪ ﻭﺗﻜ ﻮ ﻥ ﻋﻠﻰ ﻫﻴﺌﻪ ﺟﺎﻧﺒﻪ ﻭﺫﻟﻚ ﻟﺘ ﻀﻐ ﻂ‬
‫‪w‬‬

‫ﻗ ﻮﻩ ﺍﻟﺴ ﻮ ﻕ‬
‫ﻧﺘﻴﺠﻪ ﻓ ﻮﻩ ﺍﻟﻤ ﻮﺟﻪ ﺍﻟﺜﺎﻟﺜﻪ‬
‫‪w‬‬

‫‪----------------------------------------‬‬
 ‫****************************************‬
‫ﺍﻟﻤ ﻮﺟﻪ ﺍﻟﻘ ﻄﺮﻳﻪ ﺍﻻﻣﺎﻣﻴﻪ‬
‫‪-----------------------------‬‬

‫‪om‬‬
‫‪.c‬‬
‫‪--------------------------------‬‬

‫‪ow‬‬
‫**ﺗﺘ ﻮﺍﺟﺪ ﺩﺍﺋﻤﺎ ﻓﻰ ﺍﻟﻤ ﻮﺟﻪ ﺍﻻ ﻭﻟﻰ‬
‫ﻭﺍﻟﻤ ﻮﺟﻪ ‪** A‬‬
‫ﺗﺘﺮﻛﺐ ﻣﻦ ‪ 5‬ﻣ ﻮﺟﺎ ﺕ‬

‫‪r‬‬
‫‪or‬‬
‫‪ -1‬ﺣﻴﺚ ﺍﻟﻤ ﻮﺟﻪ ﺍﻻ ﻭﻟﻰ ﺗﻜ ﻮ ﻥ ﻏﺎﻟﺒﺎ ﺍﻻ ﻁ ﻮ ﻝ ﺑﻴﻦ ﺍﻟﺜﺎﻟﺜﻪ ﻭﺍﻟﺨﺎﻣﺴﻪ‬
‫ﺣﻴﺚ ﺍﻧﻬﺎ ﺗﻜ ﻮ ﻥ ﺍﻟﻤ ﻮﺟﻪ ﺍﻻ ﻭﻟﻰ ﻟﻜﺴﺮ ﻋﻤﻠﻴﻪ ﺍﻟﺘﺠﻤﻴﻊ ﺍ ﻭ ﺍﻟﺘ ﻮﺯﻳﻊ ﻓﻰ ﺍﻻﺗﺠﺎﻩ ﺍﻟﺴﺎﺑ ﻖ ﺍﻟﺬﻯ ﺗﻤﺜﻠﻪ‬
‫‪m‬‬
‫ﺍﻟﻨﻤ ﻮﺫﺝ‬
‫ﺍﻟﺘ ﺼﺤﻴﺤﻰ ﻓﺘﻜ ﻮ ﻥ ﺩﺭﺟﻪ ﺍﻟ ﻄﻠﺐ ﺍﻭ ﺍﻟﻌﺮ ﺽ ﻫﻰ ﺍﻻ ﻗ ﻮﻯ ﻓﻰ ﺟﻤﻴﻊ ﺍﻟﻤ ﻮﺟﺎ ﺕ ﺍﻟﻘﺎﺩﻣﻪ‬
‫‪-‬‬
‫‪ex‬‬

‫‪ -2‬ﺗﺪﺍﺧﻞ ﺑﻴﻦ ﺍﻟﻤ ﻮﺟﻪ ﺍﻟﺮﺍﺑﻌﻪ ﻭﺍﻻ ﻭﻟﻰ‬

‫ﻭﺫﻟﻚ ﻳﺮﺟﻊ ﺍﻟﻰ ﺿﻌ ﻒ ﻋﻤﻠﻴﻪ ﺍﻟ ﻄﻠﺐ ﺍ ﻭ ﺍﻟﻌﺮ ﺽ ﺍﻟﺬﻯ ﻛﺎ ﻥ ﻓﻰ ﺍﻟﻤ ﻮﺟﻪ ﺍﻟﺜﺎﻟﺜﻪ ﺣﻴﺚ ﺍ ﻥ ﺍﻟﻤ ﻮﺟﻪ‬
‫‪or‬‬

‫ﺍﻻ ﻭﻟﻰ ﺍﻣﺘ ﺼﺖ‬

‫ﻣﻌ ﻈﻢ ﺍﻟ ﻄﻠﺒﺎ ﺕ ﻭﺍﻟﻌﺮ ﻭ ﺽ ﻧﺘﻴﺠﻪ ﻗ ﻮﺗﻬﺎ ﺍﻟﺘﻔﺎﺋﻠﻴﻪ ﺍ ﻭ ﺍﻟﺘﺸﺎﺋﻤﻴﻪ ﻣﻤﺎ ﻳﺠﻌﻞ ﺍﻟﻤ ﻮﺟﻪ ﺍﻟﺮﺍﺑﻌﻪ ﺍﻛﺜﺮ ﻗ ﻮﻩ‬
‫‪.f‬‬

‫ﻣﻦ ﻧﻤ ﻮﺫﺝ ﺍﻟﻤ ﻮﺟﻪ ﺍﻟﺪﺍ ﻓﻌﻪ‬

‫‪w‬‬

‫‪ -3‬ﻏﺎﻟﺒﺎ ﺗﻜ ﻮ ﻥ ﺗ ﺼﺤﻴﺢ ﺍﻟﻤ ﻮﺟﻪ ﺍﻟﺮﺍﺑﻌﻪ ﻣﻦ ﺍﻟﻨ ﻮﻉ ﺍﻟﺤﺎﺩ‬

‫ﻭﺫﻟﻚ ﻳﺮﺟﻊ ﺍﻟﻰ ﻣﺎ ﺫﻛﺮﻧﺎ ﺳﺎﺑﻘﺎ ﺍ ﻥ ﺍﻟﻤ ﻮﺟﻪ ﺍﻟﺜﺎﻟﺜ ﻪ ﺿﻌﻴﻔﻪ ﻓﻴﺒﺪﺍء ﺻﻨﺎﻉ ﺍﻟﺴ ﻮ ﻕ ﺍﺧﺬ ﻣﺒﺪﺍء‬
‫‪w‬‬

‫‪Shake out‬‬

‫ﺣﺘﻰ ﻳﻜ ﻮ ﻥ ﻟﻬﻢ ﺍﻟﻘﺪﺭﻩ ﻋﻠﻰ ﺍﻟﺸﺮﺍء ﻓﻰ ﻣﺴﺘ ﻮﻳﺎ ﺕ ﺍ ﻗﻞ ﻟﻴﻌ ﻮﺩ ﺍﻟ ﻄﻠﺐ ﻣﺮﻩ ﺍﺧﺮﻯ ﻳﺰﺩﺍﺩ ﻟﻨﺤ ﺼﻞ‬
‫‪w‬‬

‫ﻋﻠﻰ ﺍﻟﻤ ﻮﺟﻪ ﺍﻟﺨﺎﻣﺴﻪ‬

‫‪ -4‬ﺍﻟﻤ ﻮﺟﻪ ﺍﻟﺨﺎﻣﺴﻪ ﺗﻜ ﻮ ﻥ ﺿﻌﻴﻔﻪ ﺍﻟﺘﺮﻛﻴﺐ ﻭﻏﺎﻟﺒﺎ ﺗﻜ ﻮ ﻥ ﺍﻻﻛﺜﺮ ﺿﻌﻔﺎ ﻭ ﻓﻰ ﺑﻌ ﺾ ﺍﻻﺣﻴﺎ ﻥ ﺗﻜ ﻮ ﻥ‬

‫ﻣﺴﺎ ﻭﻳﻪ ﻟﻠﻤ ﻮﺟﻪ ﺍﻟﺜﺎﻟﺜﻪ‬
‫ﻭﺫﻟﻚ ﻳﺮﺟﻊ ﺍﻟﻰ ﺍﻟﺘ ﺼﺤﻴﺢ ﺍﻟﺤﺎﺩ ﺍﻟﺬﻯ ﺣﺪ ﺙ ﻓﻰ ﺍﻟﻤ ﻮﺟﻪ ﺍﻟﺮﺍﺑﻌﻪ ﻭﺍﻟﺬﻯ ﺑﺪﻭﺭﻩ ﻳﺠﻌﻞ ﺍﻟﻤﺘﺪﺍ ﻭﻟﻴﻦ‬
‫ﺗﺴﺘﺤ ﻮﺫ‬
‫ﻋﻠﻴﻬﻢ ﻧ ﻈﺮﻩ ﺗﺸﺎﺋﻤﻴﻪ ﻓﺘﻜ ﻮ ﻥ ﺍﻟﻤ ﻮﺟﻪ ﺍﻟﺨﺎﻣﺴﻪ ﺻﻌﻴ ﻒ ﻭﻧﺎﺩﺭﻩ ﻣﺎ ﺗﻜ ﻮ ﻥ ﻣﺴﺎ ﻭﻳﻪ ﻟﻠﻤ ﻮﺟﻪ ﺍﻟﺜﺎﻟﺜﻪ‬

‫**ﺗﺘﻤﻴﺰ ﺑﺎﻟﻤﺜﻠﺚ ﺍﻟﻘ ﻄﺮﻯ **‬

‫‪om‬‬
‫**************************‬

‫‪.c‬‬
‫‪r‬‬ ‫‪ow‬‬
‫ﺍﻟﻤ ﻮﺟﻪ ﺍﻟﻘ ﻄﺮﻳﻪ ﺍﻟﺨﻠﻔﻴﻪ‬
‫‪or‬‬
‫‪----------------------------‬‬
‫‪-‬‬ ‫‪m‬‬
‫‪ex‬‬
‫‪or‬‬
‫‪.f‬‬

‫‪---------------------------------‬‬
‫‪w‬‬

‫**ﺗﺘ ﻮﺍﺟﺪ ﻓﻰ ﺍﻟﻤ ﻮﺟﻪ ﺍﻟﺨﺎﻣﺴﻪ‬

‫ﻭﺍﻟﻤ ﻮﺟﻪ ‪** C‬‬
‫‪w‬‬
‫‪w‬‬

‫ﺗﺘﻤﻴﺰ ﺑﺎ ﻥ ﻛﻞ ﺍﻟﻤ ﻮﺟﺎ ﺕ ﺩﺍﺧﻠﻬﺎ ﺗﺘﺮﻛﺐ ﻣﻦ ‪ 3‬ﺩﻭﺭﺍ ﺕ ﺣﻴﺚ ﺍﻧﻬﺎ ﺍ ﺿﻌ ﻒ‬

‫ﺍﻟﻤ ﻮﺟﺎ ﺕ ﺍﻟﺪﺍ ﻓﻌﻪ ﻟﺬﻟﻚ ﺗ ﻮﺟﺪ ﺩﺍﺋﻤﺎ ﻓﻰ ﻧﻬﺎﻳﻪ ﺍﻻﺗﺠﺎﻩ ﻭﺍﺣﻴﺎﻧﺎ ﻓﻰ‬
‫ﺍﻧﻘ ﻄﺎﻉ ﺍﻟﻤ ﻮﺟﻪ ﺍﻟﺨﺎﻣﺴﻪ‬
 ‫ﺛﺎﻧﻴﺎ ‪ :‬ﺍﻟﻤ ﻮﺟﻪ ﺍﻟﺘ ﺼﺤﻴﺤﻴﻪ‬
‫‪--------------------------‬‬
‫ﺗﻨﻘﺴﻢ ﺍﻟﻤ ﻮﺟﺎ ﺕ ﺍﻟﺘ ﺼﺤﻴﺢ ﺍﻟﻰ ﺛﻼ ﺙ ﺍ ﻗﺴ ﺎﻡ‬
‫‪------------------------------------------------‬‬

‫‪om‬‬
‫ﺍﻟﺘ ﺼﺤﻴﺢ ﺍﻟﺤﺎﺩ ﻭ ﺍﻟﺘ ﺼﺤﻴﺢ ﺍﻟﻌﺮ ﺿﻰ ﻭﺍﻟﺘ ﺼﺤﻴﺢ ﺍﻟﻤﻌﻘﺪ‬
‫ﻭﺗﺮﺟﻊ ﺍﺧﺘﻼ ﻑ ﻧ ﻮﻉ ﺍﻟﺘ ﺼﺤﻴﺢ ﺍﻟﻰ ﺍﺧﺘﻼ ﻑ ﻧﻔﺴﻴﻪ ﺍﻟﻤ ﻀﺎﺭﺑﻴﻦ ﻭﺍﻟﺴﻠ ﻮ ﻙ ﺍﻟﺴﻌﺮﻯ ﺍﻟﺬﻯ ﻳﺘﺨﺪﻩ‬
‫ﺻﻨﺎﻉ ﺍﻟﺴ ﻮ ﻕ ﻓﻰ ﺍﻟﺘﻼﻋﺐ ﺑﻨﻔﺴﻴﻪ ﺍﻟﻤ ﻀﺎﺭﺑﻴﻦ ﻭﺍﻟﺘﻰ ﺗﺴﺒﺒﻬﺎ ﺩ ﻭﺭﺍ ﺕ ﺍﻟﺘﻔﺎﺋﻞ ﻭﺍﻟﺘﺸﺎﺋﻢ ﻭﺍﻟﺘﻰ‬

‫‪.c‬‬
‫ﺗﺤﻴ ﻂ ﺑﺎﻟ ﻮ ﺿﻊ‬
‫ﺍﻟﺴ ﻮ ﻗﻰ ﻓﻰ ﻓﺘﺮﻩ ﺍﻟﺘﺮﻧﺢ ﻟﻠﺴ ﻮ ﻕ‬

‫‪ow‬‬
‫ﺣﻴﺚ ﺍ ﻥ ﺍﻟﻤ ﻮﺟﻪ ﺍﻟﺘ ﺼﺤﻴﺤﻴﻪ ﺗ ﻈﻬﺮ ﻓﻰ ﺍﻟﻤ ﻮﺟﻪ ﺍﻟﺜﺎﻧﻴﻪ ﻭﺍﻟﺮﺍﺑﻌﻪ‬
‫ﻭﺍﻟﻤ ﻮﺟﻪ ‪B‬‬

‫‪r‬‬
‫‪or‬‬
‫********************************‬
‫‪m‬‬
‫ﺍﻟﻘﺴﻢ ﺍﻻ ﻭ ﻝ‪:‬‬
‫ﺍﻟﺘ ﺼﺤﻴﺢ ﺍﻟﺤﺎﺩ )‪(Sharp‬‬
‫‪-‬‬
‫‪ex‬‬

‫‪-----------‬‬ ‫‪-------------------------‬‬
‫ﻧﻤﺎﺫﺝ ﺍﻟﺘ ﺼﺤﻴﺢ ﺍﻟﺤﺎﺩﻩ ﺗﻜ ﻮ ﻥ ﻓﻰ ﺍﻟﻌﺎﺩﻩ ﺍﻟﻤﻤﺜﻞ ﻟﻨﻤ ﻮﺫﺝ ‪ Decline‬ﻓﻰ ﺍﻟﺪﻭﺭﻩ ﺍﻟﺴ ﻮ ﻗﻴﻪ‬
‫‪or‬‬

‫ﻭﺍﺣﻴﺎﻧﺎ ﺗﺴﺘﺨﺪﻡ ﻟﻌﻤﻞ ﺣﺎﻟﻪ ‪ Shake out‬ﻋﻨﺪ ﺍﻟﺘﻼﻋﺐ ﻓﻰ ﺍﻟﺴ ﻮ ﻕ ﻗﻰ ﻁ ﻮﺭ‬

‫‪Advance‬‬
‫‪.f‬‬

‫ﻭﺗﺘﻜ ﻮ ﻥ ﻣﻦ ‪ 3‬ﻧﻤﺎﺫﺝ‬
‫‪w‬‬

‫******************************************‬
‫‪w‬‬
‫‪w‬‬

‫ﻋﺎﺋﻠﻪ ‪ZagZig‬‬

‫********************‬
 ‫ﻧﻤ ﻮﺫﺝ ﺍﻟﺰﺟﺰﺍﺝ‬
‫)‪(ZZ‬‬

‫‪om‬‬
‫‪.c‬‬
‫‪r‬‬ ‫‪ow‬‬
‫‪or‬‬
‫‪-‬‬ ‫‪m‬‬
‫‪ex‬‬
‫‪or‬‬

‫‪----------------------------------‬‬
‫‪.f‬‬
‫‪w‬‬

‫‪----------------------------------‬‬

‫ﻳﺘﻜ ﻮ ﻥ ﻣﻦ ﺛﻼ ﺙ ﻣ ﻮﺟﺎ ﺕ ﺣﻴﺚ ﺗﻜ ﻮ ﻥ ﺍﻟﻤ ﻮﺟﻪ ‪ C‬ﻭ‪ A‬ﺩﺍ ﻓﻌﻪ ﻟﻼﺗﺠﺎﻩ‬

‫‪w‬‬

‫ﺍﻣﺎ ﺍﻟﻤ ﻮﺟﻪ ‪ B‬ﺗﻜ ﻮ ﻥ ﺗ ﺼﺤﻴﺤﻴﻪ‬

‫‪w‬‬

‫ﺗﺘﻤﻴﺰ ﺑﺎ ﻥ ﺍﻟﻤ ﻮﺟﻪ ‪ A = C‬ﻏﺎﻟﺒﺎ‬

‫**********************‬
‫ﻧﻤ ﻮﺫﺝ ﺍﻟﺰﺟﺰﺍﺝ ﺍﻟﺜﻨﺎﺋﻰ‬
 ‫)‪(DZ‬‬

‫‪om‬‬
‫‪.c‬‬
‫‪---------------------------------‬‬

‫‪ow‬‬
‫‪--------------------------------‬‬

‫ﻭ ﻫ ﻮ ﺍ ﺳ ﻮﺍء ﻛﺎﺑ ﻮ ﺱ ﻗﺪ ﻳ ﻮﺍﺟﻪ ﺍﻟﻤ ﻀﺎﺭﺑﻴﻦ ﻭﺧ ﺼ ﻮ ﺻﺎ ﻣﻦ ﻳﻌﺘﻤﺪ ﻋﻠﻰ ﻣ ﻮﺟﺎ ﺕ ﺍﻟﻴ ﻮ ﺕ ﻓﻰ ﺍﻟﺘﺤﻠﻴﻞ‬
‫ﻭﺍﺗﺨﺎﺫ ﺍﻟﻘﺮﺍﺭﺍ ﺕ‬

‫‪r‬‬
‫ﻻﻧﻪ ﻳﺘﺸﺎﺑﻪ ﻓﻰ ﺗﺮﻛﻴﺒﻪ ﻣﻊ ﺟﻤﻴﻊ ﺍﻟﻤ ﻮﺟﺎ ﺕ ﺍﻟﺪﺍ ﻓﻌﻪ‬
‫‪or‬‬
‫ﻭﻟﻜﻦ ﻋﻠﻰ ﻋﻜ ﺲ ﺍﻟﻤ ﻮﺟﺎ ﺕ ﺍﻟﺪﺍ ﻓﻌﻪ ﻗﺪ ﺗﻜ ﻮ ﻥ ﺍﻟﻤ ﻮﺟﻪ ﺍﻟﺜﺎﻟﺜﻪ ﻫﻰ ﺍ ﻗ ﺼﺮ ﺍﻟﻤ ﻮﺟﺎ ﺕ ﻭﻻ ﺗ ﻈﻬﺮ ﺍﻯ‬
‫ﺍﻣﺘﺪﺍﺩﺍ ﺕ ﻓﻰ‬
‫‪m‬‬
‫ﺍﻯ ﻣﻦ ﺍﻻﻣ ﻮﺍﺝ ﺍﻟﺪﺍ ﻓﻌﻪ ﺍﻟﺜﻼ ﺙ‬
‫ﻭ ﻫﺬﺍ ﺍﻟﻨﻤ ﻮﺫﺝ ﻳﻌﺘﺒﺮ ﻫ ﻮ ﺳﺒﺐ ﻧﻤ ﻮﺫﺝ ﺍﻟﺮﺍ ﺱ ﻭﺍﻟﻜﺘﺎ ﻓﻴﻦ ﺍﻟﺸﻬﻴﺮ‬
‫‪-‬‬
‫‪ex‬‬

‫ﻟﺬﻟﻚ ﻋﻨﺪ ﺩﺭﺍ ﺳﺖ ﻟﻠﺤﺮﻛﻪ ﺍﻟﺴ ﻮ ﻕ ﻳﺠﺐ ﺍ ﻥ ﺗ ﻀﻊ ﻓﻰ ﺍﻋﺘﺒﺎﺭ ﻙ ﺍﻟ ﻈﺮﻭ ﻑ ﺍﻟﻤﺤﻴ ﻄﻪ‬
‫ﻭ ﻫﻞ ﺍﻟﺪﻭﺭﻩ ﻧﺎﺗﺠﻪ ﻓﻰ ﻅﺮ ﻭ ﻑ ﺗﺸﺎﺋﻤﻴﻪ ﺍﻡ ﺗﻔﺎﺋﻠﻴﻪ ﻭﺩﺭﺍ ﺳﺘﻚ ﻟﻠﻤﺰﺍﻳﺪﻩ ﻓﻰ ﺍﻟﻌﺮ ﺽ ﻭﺍﻟ ﻄﻠﺐ ﺑﻴﻦ‬
‫ﺍﻟﻤﺘﺎﺟﺮﻳﻴﻦ‬
‫‪or‬‬

‫‪----------------------------------------------‬‬
‫‪.f‬‬
‫‪w‬‬
‫‪w‬‬
‫‪w‬‬
 ‫ﻧﻤ ﻮﺫﺝ ﺍﻟﺰﺟﺰﺍﺝ ﺍﻟﺜﻼﺛﻰ‬
‫)‪(TZ‬‬

‫‪om‬‬
‫‪.c‬‬
‫‪ow‬‬
‫‪-------------------------------------‬‬

‫‪------------------------------------‬‬

‫‪r‬‬
‫ﻭﻳﺘﺸﺎﺑﻪ ﻫﺬﺍ ﺍﻟﻨﻤ ﻮﺫﺝ ﻣﻊ ﺍﻟﻤ ﻮﺟﻪ ﺍﻟﺪﺍ ﻓﻌﻪ ﺣﻴﺚ ﻳﺨﺘﻠ ﻂ ﻋﻠﻰ ﻣﺤﻠﻠﻴﻦ ﺍﻟﻴ ﻮ ﺕ‬
‫‪or‬‬
‫ﺑﻴﻦ ﻫﺬﺍ ﺍﻟﻨﻤ ﻮﺫﺝ ﻭﻧﻤ ﻮﺫﺝ ﺍﻟﻤ ﻮﺟﻪ ﺍﻟﺪﺍ ﻓﻌﻪ ﺍﻻﻣﺘﺪﺍﺩﻳﻪ‬
‫ﺣﻴﺚ ﻳﺸﺎﺑﻬﺎ ﺍﻟﺘﺮﻛﻴﺐ ﻭﻟﻜﻦ ﻳﺨﺘﻠ ﻒ ﻋﻨﻬﺎ ﻓﻰ ﺍﻟﺨ ﻮﺍ ﺹ‬
‫‪m‬‬
‫ﺣﻴﺚ ﻳﺘﻤﻴﺰ ﺑﺎ ﻥ ﻣﻌ ﻈﻢ ﻣ ﻮﺟﺎﺗﻪ ﺍﻟﺤﺎ ﻓﺰﻩ ﻣﺘﺴﺎ ﻭﻳﻪ ﻓﻰ ﺍﻟ ﻄ ﻮ ﻝ‬
‫‪-‬‬

‫ﻭﺍﺣﻴﺎﻧﺎ ﻳﻜ ﻮ ﻥ ﺍﻟﺘ ﺼﺤﻴﺢ ﻣﻦ ﻧﻔ ﺲ ﺍﻟﻨ ﻮﻉ ﻭﻟﻴ ﺲ ﻣﺨﺘﻠ ﻒ‬

‫‪ex‬‬

‫ﺍﻣﺎ ﺟﻤﻴﻌﻬﻢ ﻣﻦ ﺍﻟﻨ ﻮﻉ ﺍﻟﺤﺎﺩ ﺍ ﻭ ﺍﻟﻨ ﻮﻉ ﺍﻟﺠﺎﻧﺒﻰ‬

‫‪or‬‬
‫‪.f‬‬
‫‪w‬‬

‫*********************************************‬
‫ﺍﻟﻘﺴﻢ ﺍﻟﺜﺎﻧﻰ‪:‬‬
‫‪w‬‬

‫ﺍﻟﺘ ﺼﺤﻴﺢ ﺍﻟﺠﺎﻧﺒﻰ )‪(Sideway‬‬

‫‪w‬‬

‫‪------------------------------------‬‬
‫ﺗﺘﻜ ﻮ ﻥ ﻣﺮ ﻧﻤ ﻮﺫﺟﻴﻦ ﺭﺋﻴﺴﻴﻦ ﻫﻤﺎ‬
‫‪ Triangle‬ﻭ ‪Flat‬‬

‫***************************‬
 ‫ﺍ ﻭﻻ‪ :‬ﻋﺎﺋﻠﻪ ‪Flat‬‬

‫‪----------------------------‬‬

‫ﺗﺘﻜ ﻮ ﻥ ﻋﺎﺋﻠﻪ ﻣﻦ ‪ 3‬ﻧﻤﺎﺫﺝ‬

‫ﻭﻳﻜ ﻮ ﻥ ﺗﺮﻛﻴﺒﻬﺎ ﺍﻟﺪﺍﺧﻠﻰ ‪5 -3 -3‬‬

‫‪om‬‬
‫ﺣﻴﺚ ﺗﻜ ﻮ ﻥ ﺍﻟﻤ ﻮﺟﻪ ﺍ ﻝ‪ C‬ﺗﺘﻜ ﻮ ﻥ ﻣﻦ ‪ 5‬ﻣ ﻮﺟﺎ ﺕ ﺩﺍﺧﻠﻴﻪ ﺩﺍﺋﻤﺎ‬

‫‪.c‬‬
‫‪----------------------------------------‬‬
‫ﻧﻤ ﻮﺫﺝ ‪Regular Flat‬‬

‫‪ow‬‬
‫‪------------------------------------‬‬

‫‪r‬‬
‫‪or‬‬
‫‪-‬‬ ‫‪m‬‬
‫‪ex‬‬
‫‪or‬‬

‫‪-------------------------------------------‬‬
‫‪.f‬‬

‫ﻭ ﻫ ﻮ ﻧﻤ ﻮ ﺫﺝ ﻳﻤﺜﻞ ﻧﻤﺎﺫﺝ ﺍﻟﺘﺠﻤﻴﻊ ﻭﺍﻟﺘ ﻮﺯﻳﻊ‬

‫ﻭ ﻫ ﻮ ﻳﻌﺘﺒﺮ ﻣﻦ ﺍﺣﺪ ﻧﻤﺎﺫﺝ ﺍﻻﺧﺘﺒﺎﺭ‬
‫‪w‬‬

‫ﺣﻴﺚ ﺗﻜ ﻮ ﻥ ﺍﻟﻤ ﻮﺟﻪ ‪ B‬ﻭﻣﺴﺎ ﻭﻳﻪ ﻟ ﻄ ﻮ ﻝ ﺍﻟﻤ ﻮﺟﻪ ‪A‬‬

‫‪w‬‬

‫ﺍﻣﺎ ﺍﻟﻤ ﻮﺟﻪ ‪ C‬ﺗﻜ ﻮ ﻥ ﻋﻠﻰ ﺷﻜﻞ ﻣ ﻮﺟﻪ ﺩﺍ ﻓﻌﻪ ﺧﻤﺎ ﺳﻴﻪ ﺣﻴﺚ ﻳﺒﺪﺍء ﺻﻨﺎﻉ ﺍﻟﺴ ﻮ ﻕ ﻓﻰ ﻋﻤﻞ‬
‫ﺣﺎﻟﻪ ﻣﻦ ﺍﻟﻔﺰﻉ ‪ Shake out‬ﻟﻠﻤﺘﺪﺍﻭ ﻝ ﺍﻟﺬﻯ ﺗﻢ ﺣﺒﺴﻬﻢ ﻓﻰ ﺍﻟﻤ ﻮﺟﻪ ‪ B‬ﻭﺍﺣﻴﺎﻧﺎ ﺗﻜﺴﺮ ﺍﻟﻤ ﻮﺟﻪ ‪C‬‬
‫‪w‬‬

‫ﺍﻟﻤ ﻮﺟﻪ ‪ A‬ﻭﻟﻜﻦ ﻟﻴ ﺲ ﺑﻤﺴﺎ ﻓﻪ ﻛﺒﻴﺮﻩ ﻻ ﻥ ﺍﻟﻐﺮ ﺽ ﻫ ﻮ ﺍﺟﺒﺎﺭ ﺍﻟﺴ ﻮ ﻕ ﻋﻠﻰ ﺗ ﺼﺮﻳ ﻒ ﺍﻟﻌﻘ ﻮﺩ‬
‫ﺍﻟﻤﺘﺨﺪﻩ ﻋﻨﺪ ﺍﻟﻤ ﻮﺟﻪ ‪ A‬ﻟﻴﺒﺪﺍء ﺍﻟﺴ ﻮ ﻕ ﻓﻰ ﺍﻟﺘﺤﺮ ﻙ ﺑﺪﻭﺭﻩ ﺍﻟﺴ ﻮ ﻕ ﺍﻟﺠﺪﻳﺪ ﺑﻌﺪ ﺍﻧﺘﻬﺎء ﺍﻟﻌﻤﻠﻴﻪ‬
 ‫******************************************************‬

‫ﻧﻤ ﻮﺫﺝ ‪Expanded Flat‬‬

‫‪----------------------------------------‬‬

‫‪om‬‬
‫‪.c‬‬
‫‪r‬‬ ‫‪ow‬‬
‫‪or‬‬
‫‪-‬‬ ‫‪m‬‬
‫‪ex‬‬

‫‪------------------------------------------------------‬‬

‫ﻭ ﻫ ﻮ ﺍﺣﺪ ﺍﻟﻨﻤﺎﺫﺝ ﺍﻟﻤﺘﻌﺒﻪ ﻟﻠﻤﺘﺪﺍ ﻭﻟﻴﻦ ﻭﺍﻻﻛﺜﺮ ﺍﺯﻋﺎﺟﺎ‬

‫‪or‬‬

‫ﺣﻴﺚ ﻳﺘﻤﻴﺰ ﻫﺬﺍ ﺍﻟﻨﻤ ﻮﺫﺝ ﺑﺎ ﻥ ﺍﻟﻤ ﻮﺟﻪ ‪ B‬ﺗﺘﻌﺪﻯ ﺍﻟﻤ ﻮﺟﻪ ﺍﻟﺨﺎﻣﺴﻪ‬
‫ﻭﺍﻟﻤ ﻮﺟﻪ ‪ C‬ﺗﺘﻌﺪﻯ ﺍﻟﻤ ﻮﺟﻪ ‪A‬‬
‫‪.f‬‬

‫ﻭﺍﻟﺬﻯ ﺑﺪ ﻭﺭﻩ ﻳﺠﻌﻠﻚ ﺗﻌﺘﻘﺪ ﺍ ﻥ ﻫﻨﺎ ﻙ ﺍﻣﺘﺪﺍﺩ ﻓﻰ ﺍﻟﻤ ﻮﺟﻪ ﺍﻟﺜﺎﻟﺜﻪ ﻭﺍ ﻥ ﺍﻟﻤ ﻮﺟﻪ ‪B‬‬
‫‪w‬‬

‫ﻫﻰ ﺍﻟﻤ ﻮﺟﻪ ﺍﻟﺨﺎﻣﺴﻪ ﻭﺍﻟﺴﻴﻨﺎﺭﻳ ﻮ ﺍﻻ ﺳ ﻮﺍء ﺍﺫﺍ ﻛﺎﻧﺖ ﺍﻟﻤ ﻮﺟﻪ ﺍﻟﺨﺎﻣﺴﻪ ﻛﺎﻧﺖ ﻣﻨﻘ ﻄﻌﻪ‬
‫ﻟﺬﺍ ﻙ ﻫ ﻮ ﻣﻦ ﺍﻛﺜﺮ ﺍﻟﻨﻤﺎﺫﺝ ﺍﺯﻋﺎﺟﺎ‬
‫‪w‬‬

‫ﻭﻳﺮﺟﻊ ﺫﻟﻚ ﺍﻧﻪ ﻳﺤﺪ ﺙ ﻁﻠﺐ ﻗ ﻮﻯ ﻓﻰ ﺍﻟﻤ ﻮﺟﻪ‪ B‬ﻣﻤﺎ ﻳﺠﻌﻠﻬﺎ ﺗﺘﺨ ﻄﻰ ﺍﻟﻤ ﻮﺟﻪ ﺍﻟﺨﺎﻣﺴﻪ‬
‫‪w‬‬

‫ﺛﻢ ﻳﺤﺪ ﺙ ﺍﻧﻬﻴﺎﺭ ﻣﻔﺎﺟﺎء ﻓﻰ ‪ C‬ﻭﻳﺒﺪﺍء ﺍﻟ ﻨﺎ ﺱ ﻓﻰ ﺍﻻﻋﺘﻘﺎﺩ ﺍﻧﻪ ﺣﺪ ﺙ ﺑﺪﺍﻳﻪ ﺍﻧﻬﻴﺎﺭ ﻓﻰ ﺍﻟﺴ ﻮ ﻕ‬
‫ﺍﻟﻤ ﻮﺟﻪ‬
‫ﻭﺍ ﻥ ﺍﻻﺗﺠﺎﻩ ﺍﺗﺨﺰ ﺷﻜﻞ ﺍﻧﻌﻜﺎ ﺳﻰ ﺍﻟﺴﺮﻳﻊ ﺍﻻ ﺍ ﻥ ﺻﻨﺎﻉ ﺍﻟﺴ ﻮ ﻕ ﻳﺒﺪﺍ ﻭء ﻣﻌﺎ ﻭﺩﻩ ﺍﻟﺸﺮﺍء ﻭﺍﻟﺘﺠﻤﻴﻊ‬
‫ﻟﻴﺒﺪﺍء ﺍﻟﺴﻌﺮ‬
‫ﻣﺮﻩ ﺍﺧﺮﻯ ﺍﻟ ﺼﻌ ﻮﺩ ﺑﻌﺪ ﺍ ﻥ ﻛﺴﺮ ﺕ ﺍﻟﻤ ﻮﺟﻪ ‪ C‬ﺍﻟﻤ ﻮﺟﻪ ‪A‬‬
 ‫ﻭﻳ ﻈﻬﺮ ﻫﺬﺍ ﺍﻟﻨﻤ ﻮﺫﺝ ﻋﺎﺩﻩ ﻓﻰ ﺍﻟﻤ ﻮﺟﻪ ﺍﻟﺜﺎﻧﻴﻪ‬

‫****************************************‬
‫ﻧﻤ ﻮﺫﺝ ‪Running Flat‬‬

‫‪------------------------------------‬‬

‫‪om‬‬
‫‪.c‬‬
‫‪r‬‬ ‫‪ow‬‬
‫‪-----------------------------------------------------------‬‬
‫‪or‬‬
‫ﻫ ﻮ ﺍﺣﺪ ﻧﻤﺎﺫﺝ ﻋﺎﺋﻠﻪ ﺍﻟﻔﻼ ﺕ‬
‫ﺣﻴﺚ ﻳﺘﻤﻴﺰ ﻫﺬﺍ ﺍﻟﻨﻤ ﻮﺫﺝ ﺑﺎ ﻥ ﺍﻟﻤ ﻮﺟﻪ ‪ B‬ﺗﺘﻌﺪﻯ ﺍﻟﻤ ﻮﺟﻪ ﺍﻟﺨﺎﻣﺴﻪ‬
‫‪m‬‬
‫ﻭﻟﻜﻦ ﺍﻟﻤ ﻮﺟﻪ‪ C‬ﻻ ﺗﺘﻌﺪﻯ ﺍﻟﻤ ﻮﺟﻪ ‪A‬‬

‫ﻓﻴ ﻈﻬﺮ ﻋﻠﻰ ﺷﻜﻞ ﻭﺍﻧﻪ ﻣﺠﺮﺩ ﺟﺰء ﻣﻦ ﻣ ﻮﺟﻪ ﺣﺎ ﻓﺰﻩ ﺍﺧﺮﻯ ﻣﻤﺎ ﻳﺴﺒﺐ‬
‫‪-‬‬
‫‪ex‬‬

‫ﻣﺸﻜﻠﻪ ﻓﻰ ﺗﺮ ﻗﻴﻢ ﺍﻻﻣ ﻮﺍﺝ ﺍﻻﺧﺮﻯ ﻭﺍﻻﻋﺘﻘﺎﺩ ﺍ ﻥ ﻫﻨﺎ ﻙ ﺍﻣﺘﺪﺍﺩ‬

‫ﻭﻳﺮﺟﻊ ﺷﻜﻞ ﻫﺬﺍ ﺍﻟﻨﻤ ﻮﺫﺝ ﺍﻻ ﺍ ﻥ ﺍﻟﻤ ﻮﺟﻪ ‪ C‬ﺗ ﻮﺍﺟﻪ ﺿﻐ ﻂ ﺷﺪﻳﺪ ﻓﻰ ﻛﻤﻴﻪ ﺍﻟﻌﺮ ﺽ ﺍ ﻭ ﺍﻟ ﻄﻠﺐ ﺣﺴﺐ‬
‫ﺍﻻﺗﺠﺎﻩ ﻓﻼ ﺳﺘﺴ ﻄﻴﻊ ﺍ ﻥ ﺗﻘﺘﺮ ﺏ ﻣﻦ ﻧﻬﺎﻳﻪ ﺍﻟﻤ ﻮﺟﻪ ‪A‬‬
‫‪or‬‬

‫ﻭ ﻫﺬﺍ ﺍﻟﻨﻤ ﻮﺫﺝ ﻏﺎﻟﺒﺎ ﻳ ﻈﻬﺮ ﻓﻰ ﺍﻋﺎﺩﻩ ﺍﻻﺧﺘﺒﺎﺭ ﺍﺫﺍ ﻛﺎﻧﺖ ﺍﻟﻤ ﻮﺟﻪ ﺍﻻ ﻭﻟﻰ ﻗ ﻮﻳﻪ‬
‫‪.f‬‬

‫ﻭﻏﺎﻟﺒﺎ ﺗﻜ ﻮ ﻥ ﺍﻟﻤ ﻮﺟﻪ ﺍﻟﺜﺎﻟﺜﻪ ﻣﻤﺪﺩﺗﻪ ﻣﻦ ﺑﻌﺪﻩ‬

‫‪w‬‬

‫********************************‬
‫‪w‬‬

‫ﺛﺎﻧﻴﺎ ‪ :‬ﻋﺎﺋﻠﻪ ‪Triangle‬‬

‫‪--------------------------------‬‬
‫‪w‬‬

‫ﺗﺘﻤﻴﺰ ﻧﻤﺎﺫﺝ ﺍﻟﻤﺜﻠﺜﺎ ﺕ ﺑﺎﻧﻬﺎ ﺗﺘﻜ ﻮ ﻥ ﻣﻦ ‪ 5‬ﻣ ﻮﺟﺎ ﺕ ‪Abcde‬‬

‫ﺑﺠﺎﻧﺐ ﺍ ﻥ ﺟﻤﻴﻊ ﻣ ﻮﺍﺟﺘﻬﺎ ﺗﺘﺮﻛﺐ ﺩﺍﺧﻠﻴﺎ ﻣﻦ ﺛﻼ ﺙ ﻣ ﻮﺟﺎ ﺕ‬

‫)‪( 3 -3 -3 -3 -3‬‬
 ‫ﻭﺍﻟﺬﻯ ﻳﺠﻌﻠﻬﺎ ﺍﻛﺜﺮ ﺍﻟﻨﻤﺎﺫﺝ ﺍﻟﻤﻨﻔﺮﺩﻩ ﺗﻌﻘﻴﺪﺍ ﻟﺘﺸﺎﺑﻬﺎ ﻣﻊ ﺍﻟﻜﺜﻴﺮ ﻣﻦ ﺍﻟﻤ ﻮﺟﺎ ﺕ‬
‫ﺣﻴﺚ ﺍﻧﻪ ﻳﺘﺸﺎﺑﻪ ﻣﻊ ﺍﻟﻘ ﻄﺮﻳﻪ ﺍﻟﺨﻠﻔﻴﻪ ﻭﺍﻟﺠﺰء ﺍﻻ ﻭ ﻝ ﻓﻴﻪ ﻳﺸﺒﻪ ﻧﻤ ﻮﺫﺝ ﺍﻟﻔﻼ ﺕ ﻭﺍﺣﻴﺎﻧﺎ ﻳﺸﺒﻪ‬
‫ﺍﻟﺰﺟﺰﺍﺝ‬
‫ﻭﺗﺘﻜ ﻮ ﻥ ﻫﺬﻩ ﺍﻟﻌﺎﺋﻠﻪ ﻣﻦ ﺍﺭﺑﻊ ﻧﻤﺎﺫﺝ‬
‫***************************‬

‫‪om‬‬
‫‪ -1‬ﺍﻟﻤﺜﻠﺚ ﺍﻟﻤﺘﻌﺎ ﻗﺪ‬
‫‪Contractng Triangle‬‬

‫‪----------------------------------------------------‬‬

‫‪.c‬‬
‫ﺍ ﻭﻻ‪ :‬ﺍﻟﻤﺜﻠﺚ ﺍﻟﻤﺘﻤﺎﺛﻞ‬

‫‪ow‬‬
‫‪Symmetrical Triangle‬‬

‫‪--------------------------------‬‬

‫‪r‬‬
‫‪or‬‬
‫‪-‬‬ ‫‪m‬‬
‫‪ex‬‬

‫‪--------------------------------------‬‬

‫ﻳﺘﻤﻴﺰ ﻫﺬﺍ ﺍﻟﻨ ﻮﻉ ﺑﺎﻧﻪ ﺟﻤﻴﻊ ﺍﻣ ﻮﺍﺟﻪ ﺗﺘﺤﺮ ﻙ ﺩﺍﺧﻞ ﺍﻟﻤ ﻮﺟﻪ ﺍﻟﺨﺎﻣﺴﻪ‬
‫ﺑﺠﺎﻧﺐ ﺍ ﻥ ﺍﻟﻤ ﻮﺟﺎ ﺕ ‪ E‬ﻭ ‪ D‬ﻭ‪C‬‬
‫‪or‬‬

‫ﺗﺘﺤﺮ ﻙ ﺩﺍﺧﻞ ﺍﻟﻤ ﻮﺟﻪ ‪B‬‬

‫‪.f‬‬

‫ﻭﻳﺮﺟﻊ ﺗﻜ ﻮ ﻥ ﻫﺬﺍ ﺍﻟﻨﻤ ﻮﺫﺝ ﺍﻻ ﻗ ﻮﻩ ﺍﻟ ﻄﻠﺐ ﺍ ﻭ ﺍﻟﻌﺮ ﺽ ))ﺣﺴﺐ ﺍﻻﺗﺠﺎﻩ((‬

‫ﻓﻼ ﻳﺴﺘ ﻄﻴﻊ ﺗﺠﺎﻭﺯ ﺍﻟﻤ ﻮﺟﻪ ‪ B‬ﻓﻴﺒﺪﺍء ﺻﻨﺎﻉ ﺍﻟﺴ ﻮ ﻕ ﻓﻰ ﺻﻨﻊ ﺣﺎﻟﻪ ﻣﻦ ﺍﻟﻔﺰﻉ‬
‫‪w‬‬

‫ﻟﺪﺍﺧﻠﻴﻦ ﺍﻻ ﺳ ﻮﺍ ﻕ ﻓﻰ ﻫﺬﻩ ﺍﻟﻔﺘﺮﻩ ﻋﻦ ﻁﺮﻳ ﻖ ﺻﻨﻊ ﺣﺎﻟﻪ ﻣﻦ ﻋﺠﺰ ﺍﻟﺴﻴ ﻮﻟﻪ ﻓﻰ ﺍﻟﻤ ﻮﺟﺎ ﺕ ﺍﻟﻘﺎﺩﻣﻪ‬
‫‪w‬‬

‫ﻭﺑﻌﺪ ﺍﻧﺘﻬﺎء ﺍﻟﻤ ﻮﺟﻪ ‪ E‬ﻳﺒﺪﺍء ﻗ ﻮﻩ ﺍﻟ ﻄﻠﺐ ﻭﻳﺒﺪﺍء ﺍﻟﺴ ﻮ ﻕ ﻓﻰ ﺍ ﺳﺘﻜﻤﺎ ﻝ ﺩﻭﺭﺗﻪ‬
‫ﻭﺍﺣﻴﺎﻧﺎ ﺑﻌ ﺾ ﺍﻟﻨﺎ ﺱ ﻳﺴﻤﻰ ﻫﺬﻩ ﺍﻟﻤ ﻮﺟﻪ‬
‫‪w‬‬

‫ﻧﻤ ﻮﺫﺝ ﺍﻟﻌﻠﻢ ﺍﻻ ﺳﺘﻤﺮﺍﺭﻯ‬

‫‪Flag Patren‬‬

‫ﻭ ﻫﺬﺍ ﺍﻟﻨﻤ ﻮﺫﺝ ﻳ ﻈﻬﺮ ﻏﺎﻟﺒﺎ ﻓﻰ ﺍﻟﻤ ﻮﺟﻪ ﺍﻟﺪﺍﺧﻠﻴﻪ ﻟﻠﺰﺟﺰﺍﺝ ﻭﺍﻟﻤ ﻮﺟﻪ ﺍﻟﺮﺍﺑﻌﻪ‬
 ‫‪---------------------------------------------------‬‬

‫ﺛﺎﻧﻴﺎ‪ :‬ﺍﻟﻤﺜﻠﺚ ﺍﻟﻌﺮ ﺿﻰ‬

‫‪om‬‬
‫‪Horizontal Triangles‬‬

‫‪.c‬‬
‫‪r‬‬ ‫‪ow‬‬
‫‪or‬‬
‫‪------------------------------------------‬‬
‫‪m‬‬

‫‪-------------------------------‬‬
‫‪-‬‬

‫ﻳﺘﻤﻴﺰ ﻫﺬﺍ ﺍﻟﻤﺜﻠﺚ ﺑﺘﺴﺎ ﻭﻯ ﺍﻟﻤ ﻮﺟﻪ ‪ C‬ﻭ ‪B‬‬

‫‪ex‬‬

‫ﻭﺗﺴﺎ ﻭﻯ ﺍﻟﻤ ﻮﺟﻪ ‪ E‬ﻭ ‪D‬‬

‫ﻭ ﻫﺬﺍ ﺍﻟﻨﻤ ﻮﺫﺝ ﻓﻰ ﺑﺪﺍﻳﺘﻪ ﻳﺸﺒﻪ ﻧﻤ ﻮﺫﺝ ﺍﻟﻔﻼ ﺕ ﺍﻻ ﻥ ﺍﻟﻔﺮ ﻕ‬

‫‪or‬‬

‫ﺍ ﻥ ﺟﻤﻴﻊ ﻣ ﻮﺟﺎﺗﻪ ﺗﻜ ﻮ ﻥ ﺩﺍﺧﻞ ﺍﻟﻤ ﻮﺟﻪ ﺍﻟﺨﺎﻣﺴﻪ ‪ B‬ﻻ ﺗﺘﺠﺎﻭﺯ ﺍﻟﻘﻤﻪ ﺍ ﻭ ﻗﺎﻉ ﺍﻟﻤ ﻮﺟﻪ ﺍﻟﺨﺎﻣﺴﻪ‬
‫ﻓﺎﻟﻤ ﻮﺟﻪ‬
‫‪.f‬‬

‫ﺑﺠﺎﻧﺐ ﺍ ﻥ ﺍﻟﻤ ﻮﺟﻪ ‪ C‬ﺗﻜ ﻮ ﻥ ﻓﻰ ﺍﻟﻤﺜﻠﺚ ﺛﻼﺛﻴﻪ ﺍﻣﺎ ﻓﻰ ﺍﻟﻔﻼ ﺕ ﺧﻤﺎ ﺳﻴﻪ‬
‫‪w‬‬

‫ﻓﻰ ﻣﻨﺘ ﺼ ﻒ ﺍﻟﻨﻤ ﻮﺫﺝ ﻳﺒﺪﺍء ﺍﻟﻤﺘﺪﺍ ﻭﻟﻴﻦ ﺑﺎﻻﻋﺘﻘﺎﺩ ﺍﻧﻬﻢ ﻓﻰ ﻧﻤ ﻮﺫﺝ ‪Regular Flat‬‬

‫ﻭﻟﻜﻦ ﻋﻦ ﺗﻜ ﻮﻥ ﺍﻟﻤ ﻮﺟﻪ ‪ D‬ﻳﺒﺪﺍء ﺍﻟﻨﺎ ﺱ ﺗﻌﺘﻘﺪ ﺍﻧﻬﻢ ﻓﻰ ﻧﻤ ﻮﺫﺝ ﺯﺟﺰﺍﺝ ﺍﻣﺘﺪﺍﺩﻯ ﻭﺍﻧﻬﺎ‬
‫‪w‬‬

‫ﺍﻟﻤ ﻮﺟﻪ ﺍﻟﺜﺎﻧﻴﻪ ﺩﺍﺧﻞ ﺍﻻﺗﺠﺎﻩ ﺍﻟﺠﺪﻳﺪ ﺣﻴﺚ ﻳﺒﺪﺍء ﺍﻟﺴ ﻮ ﻕ ﺑﺎﻟﺘﺤﺮ ﻙ ﻋﻜ ﺲ ﺍﻟﺬﻯ‬
‫‪w‬‬

‫ﻳﺘ ﻮ ﻗﻌﻪ ﺻﻐﺎﺭ ﺍﻟﻤﺘﺪﺍ ﻭﻟﻴﻦ ﻭﻳﺤﺪ ﺙ ﺍﻻﻧﻔﺠﺎﺭ ﻋﻜ ﺲ ﺩﺧ ﻮﻟﻬﻢ ﺑﺴﺒﺐ ﺗﺰﺍﻳﺪ ﺍﻟ ﻄﻠﺐ‬

‫*************************************************‬
 ‫ﺛﺎﻟﺜﺎ‪ :‬ﺍﻟﻤﺜﻠﺚ ﺍﻟﻤﺘﺴﻊ‬
‫‪Expanded Triangle‬‬

‫‪--------------------------------- ----‬‬

‫‪om‬‬
‫‪.c‬‬
‫‪r‬‬ ‫‪ow‬‬
‫‪----------------------------------------‬‬
‫‪or‬‬
‫ﻳﺘﻤﻴﺰ ﺑﺎﻧﻪ ﻣﺜﻠﺚ ﻣﺘﺴﻊ ﺍﻻ ﺿﻼﻉ ﺣﻴﺚ ﺍ ﻥ ﻛﻞ ﻗﻤﻪ ﺟﺪﻳﺪﻩ ﺗﻜﺴﺮ ﺍﻟﻘﻤﻪ ﺍﻟﺴﺎﺑﻘﻪ‬
‫ﻭﻛﻞ ﻗﺎﻉ ﺟﺪﻳﺪ ﻳﻜﺴﺮ ﺍﻟﻘﺎﻉ ﺍﻟﺴﺎﺑ ﻖ ﻟﻪ ﻭﻫ ﻮ ﺍﻻ ﺳ ﻮﺍء ﻓﻰ ﻧﻤﺎﺫﺝ ﺍﻟﺘ ﺼﺤﻴﺢ‬
‫‪m‬‬
‫ﺣﻴﺚ ﻳ ﻮ ﺿﺢ ﺍﻻ ﺿﺮﺍ ﺏ ﺍﻟﺸﺪﻳﺪ ﺑﻴﻦ ﺍﻟﻌﺮ ﺽ ﻭﺍﻟ ﻄﻠﺐ ﻓﻰ ﻫﺬﻩ ﺍﻟﻔﺘﺮﻩ ﻭﺗﺴﻤﻰ ﺏ‬
‫‪-‬‬

‫‪Panic patern‬‬
‫‪ex‬‬

‫ﺣﻴﺚ ﻳﺒﺎﺩء ﺍﻟﻤﺘﺪﺍ ﻭﻟﻴﻦ ﺑﺎﻻﻋﺘﻘﺎﺩ ﺍﻧﻪ ﻧﻤ ﻮﺫﺝ ﻓﻼ ﺕ ﻋﻨﺪ ﺍﻟﻤ ﻮﺟﻪ ‪ C‬ﺛﻢ ﻳﺒﺪﺍء ﺍﻟﺴ ﻮ ﻕ‬
‫ﺑﺎﻟﺘﺤﺮ ﻙ ﻓﻰ ﺍﻟﻤ ﻮﺟﻪ ‪ D‬ﻭﻳﺒﺪﺍء ﺍﻟﻤﺘﺪﺍ ﻭﻟﻴﻦ ﺑﺎﻟﺪﺧ ﻮ ﻝ ﻓﻰ ﺍﻟﻔﺦ ﺍﻟﻤﻨ ﺼ ﻮ ﺏ ﻟﻬﻢ ﻭﻳﺪﺧﻠ ﻮ ﻥ ﻓﻰ ﺍﺗﺠﺎ ﻫﻬﺎ‬
‫‪or‬‬

‫ﻭﻟﻜﻦ ﻳﺘﺪﺍﺧﻞ ﺻﻨﺎﻉ ﺍﻟﺴ ﻮ ﻕ ﻭﻳﺤﺪ ﺙ ﺍﻧﻬﻴﺎﺭ ﻣﻔﺎﺟﺌﻪ ﻓﻰ ﺍﻟﻤ ﻮﺟﻪ ‪ E‬ﻭﺗﺤﺪ ﺙ ﺣﺎﻟﻪ‬
‫‪Shake out‬‬
‫‪.f‬‬

‫ﻭﻳﺒﺪﺍء ﺻﻐﺎﺭ ﺍﻟﻤﺘﺪﺍ ﻭﻟﻴﻦ ﺑﺘﻘﺒﻞ ﺧﺴﺎﺋﺮ ﻫﻢ ﻭﺗ ﻮﺯﻳﻌﻬﺎ ﺑﺎ ﺳﻌﺎﺭ ﺍ ﻗﻞ ﻭ ﻫﺬﺍ ﻳﺴﺒﺐ ﺍﻟﻤ ﻮﺟﻪ ‪E‬‬
‫‪w‬‬

‫ﻭﺍﻟﺘﻰ ﺗﺘﺨ ﻄﻰ ﺍﻟﻤ ﻮﺟﻪ ‪ C‬ﺍﻟﺴﺎﺑﻘﻪ ﻟﺘﺎﺗﻰ ﻗ ﻮﻩ ﻁﻠﺐ ﻗ ﻮﻳﻪ ﺟﺪﺍ ﻓﻰ ﺍﻟﺴ ﻮ ﻕ‬
‫ﻟﻴﺪ ﻓﻊ ﺍﻟﺴ ﻮ ﻕ ﻓﻰ ﺍﻻﺭﺗﻔﺎﻉ ﻭﺗﺒﺪﺍء ﺍﻟﺪﻭﺭﻩ ﺍﻟﺠﺪﻳﺪﻩ ﻭﻳﺘﺤﻤﻞ ﺻﻐﺎﺭ ﺍﻟﻤ ﻀﺎﺭﺑﻴﻦ ﺍﻟﺨﺴﺎﺋﺮ‬
‫‪w‬‬

‫**************************************‬
‫‪w‬‬
 ‫ﺭﺍﺑﻌﺎ ‪ :‬ﺍﻟﻤﺜﻠﺚ ﺍﻻﻣﺘﺪﺍﺩﻯ‬
‫‪Running Triangle‬‬

‫‪-----------------------------‬‬

‫‪om‬‬
‫‪.c‬‬
‫‪r‬‬ ‫‪ow‬‬
‫‪or‬‬
‫‪-----------------------------------‬‬
‫‪m‬‬

‫ﻭ ﻫ ﻮ ﻳﺸﺒﻪ ﻧﻤ ﻮﺫﺝ ﺍ ﻝ‬
‫‪-‬‬

‫‪Running Flat‬‬
‫‪ex‬‬

‫ﺍﻻ ﻥ ﺍﻧﻪ ﻳﺰﺩﺍﺩ ﺑﺎﻟﻤ ﻮﺟﺘﻴﻦ ‪ E‬ﻭ‪ D‬ﻭﺑﺠﺎﻧﺐ ﺍ ﻥ ﺍﻟﻤ ﻮﺟﻪ ‪ C‬ﻫﻰ ﺛﻼﺛﻴﻪ ﻭﻟﻴﺴﺖ ﺧﻤﺎ ﺳﻴﻪ‬
‫ﻭﻳﺮﺟﻊ ﺗﻠﻚ ﺍﻟﻤ ﻮﺟﺘﻴﻦ ﻫﻰ ﻣﺠﺮﺩ ﺍﺧﺘﺒﺎﺭ ﻟﺮﺩ ﻓﻌﻞ ﺻﻐﺎﺭ ﺍﻟﻤﺘﺪﺍ ﻭﻟﻴﻦ ﻭﻣﺤﺎ ﻭﻟﻪ ﻭ ﺿﻌﻬﻢ ﻋﻠﻰ ﺍ ﻥ ﻫﺬﺍ‬
‫‪or‬‬

‫ﺑﺪﺍﻳﻪ ﻧﻤ ﻮﺫﺝ ﺯﺟﺰﺍﺝ ﻭﺍﺣﺘﻤﺎﻟﻴﻪ ﺍﻟﺪﺧ ﻮ ﻝ ﻓﻰ ﻧﻤ ﻮﺫﺝ ﻣﻌﻘﺪ‬

‫‪.f‬‬

‫***********************************************************‬
‫‪w‬‬
‫‪w‬‬
‫‪w‬‬
 ‫ﺍﻟﺘ ﺼﺤﻴﺢ ﺍﻟﻤﺮﻛﺐ ‪(Combinatony‬‬

‫‪------------------------------------‬‬

‫‪om‬‬
‫‪.c‬‬
‫‪r‬‬ ‫‪ow‬‬
‫‪or‬‬
‫‪m‬‬
‫‪-------------------------------‬‬
‫‪-‬‬

‫ﺗﺘﻤﻴﺰ ﺍﻟﻨﻤﺎﺫﺝ ﺍﻟﻤﺮﻛﺒﻪ ﺑﻜﻴﺮ ﺣﺠﻤﻬﺎ ﺍﻟﺰﻣﻨﻰ ﺣﻴﺚ ﺍﻧﻬﺎ ﺗﺘﻜ ﻮ ﻥ ﻣﻦ ﺍﻟﻌﺪﻳﺪ ﻣﻦ ﺍﻟﻤ ﻮﺟﺎ ﺕ‬
‫‪ex‬‬

‫ﻣﻤﺎ ﻳﻤﻴﺰ ﻫﺎ ﺑﻜﺜﺮﻩ ﺍﻟﺘﻼﻋﺐ ﺍﻟﺴ ﻮ ﻗﻰ ﻭﻏﺎﻟﺒﺎ ﺗﻜ ﻮ ﻥ ﺍﻻﺗﺠﺎ ﻫﺎ ﺕ ﻋﻨﻴﻘﻪ ﺑﻌﺪ ﺍﺗﻤﺎﻡ ﻫﺬﻩ ﺍﻟﻨﻤﺎﺫﺝ‬
‫ﺍﻟﺘ ﺼﺤﻴﺤﻴﻪ ﻭﻫﺬﻩ ﺍﻟﻨﻤﺎﺫﺝ ﻋﺒﺎﺭﻩ ﻋﻦ ﺩﻣﺞ ﻣﻦ ﺍﻧ ﻮﺍﻉ ﺍﻟﺘ ﺼﺤﻴﺢ ﺣﻴﺚ ﺗﻔ ﺼﻞ ﺑﻴﻨﻬﻢ‬
‫‪or‬‬

‫ﻣ ﻮﺟﻪ ﺯﺟﺰﺍﺝ‬
‫ﻭﻫﻨﺎ ﻧ ﻮﻋﻴﻦ ﻣﻦ ﺍﻟﺪﻣﺞ‬
‫‪.f‬‬

‫ﺍﻟﺪﻣﺞ ﺍﻟﺜﻨﺎﺋﻰ ﻭﺍﻟﺪﻣﺞ ﺍﻟﺜﻼﺛﻰ‬

‫‪w‬‬

‫‪-------------------------------‬‬
‫ﻣﻼﺣ ﻈﺎ ﺕ ﻫﺎﻣﻪ‪ -1 :‬ﺩﺍﺋﻤﺎ ﻧﻤﺎﺫﺝ ﺍﻟﺪﻣﺞ ﺗﺒﺪﺍء ﺑﻔﻼ ﺕ‬
‫‪w‬‬

‫‪ -2‬ﺍﻟﻤﺜﻠﺚ ﻻ ﻳﺎﺗﻰ ﻓﻰ ﻧﻤﺎﺫﺝ ﺍﻟﺪﻣﺞ ﺍﻻ ﻓﻰ ﺍﺧﺮ ﺍﻟﺪ ﻣﺞ‬

‫‪w‬‬

‫‪ -3‬ﺍﻟﺮﺍﺑ ﻂ ﺑﻴﻦ ﺍﻟﻨﻤﺎﺫﺝ ﺩﺍﺋﻤﺎ ﻣ ﻮﺟﻪ ﺛﻼﺛﻴﻪ‬

‫**********************************‬
‫ﺍﻟﺪﻣﺞ ﺍﻟﺜﻨﺎﺋﻰ‬
‫*****************‬
 ‫‪ -1‬ﻓﻼ ﺕ ﻓﻼ ﺕ‬
‫‪ -2‬ﻓﻼ ﺕ ﺯﺟﺰﺍﺝ‬
‫‪ -3‬ﻓﻼ ﺕ ﻣﺜﻠﺚ‬

‫******************************‬

‫‪om‬‬
‫ﺍﻟﺪﻣﺞ ﺍﻟﺜﻼﺛﻰ‬
‫*****************‬

‫‪.c‬‬
‫‪ -1‬ﻓﻼ ﺕ ﻓﻼ ﺕ ﻓﻼ ﺕ‬
‫‪ -2‬ﻓﻼ ﺕ ﻓﻼ ﺕ ﻣﺜﻠﺚ‬

‫‪ow‬‬
‫‪ -3‬ﻓﻼ ﺕ ﻓﻼ ﺕ ﺯﺟﺰﺍﺝ‬
‫‪ -4‬ﻓﻼ ﺕ ﺯﺟﺰﺍﺝ ﻣﺜﻠﺚ‬
‫‪ -5‬ﻓﻼ ﺕ ﺯﺟﺰﺍﺝ ﻓﻼ ﺕ‬

‫‪r‬‬
‫‪or‬‬
‫**ﺩﺍﺋﻤﺎ ﻳﻔ ﺼﻞ ﺑﻴﻦ ﺍﻟﻤ ﻮﺟﻪ ﻭﺍﻻﺧﺮﻯ ﻣ ﻮﺟﻪ ﺛﻼﺛﻴﻪ **‬
‫‪-‬‬ ‫‪m‬‬
‫‪ex‬‬
‫‪or‬‬
‫‪.f‬‬
‫‪w‬‬
‫‪w‬‬
‫‪w‬‬
 ‫*********************************************‬

‫ﺍﻟﻔ ﺼﻞ ﺍﻟﺴﺎﺩ ﺱ ‪ :‬ﺗﺤﻠﻴﻞ ﺍﻟﻔﺎﻳﺒ ﻮﻧﺎﺗﺸﻰ ﻭﺍﻟﺘﺴﻠﺴﻞ ﺍﻟﺮﻳﺎ ﺿﻰ‬

‫‪Fibo analysis and Numerical sequence‬‬

‫‪--------------------------------------------------------‬‬

‫‪om‬‬
‫ﻳﺘﻌﺒﺮ ﻣﻦ ﺍ ﻫﻢ ﻭﺍ ﻗ ﻮﻯ ﺍﻻﺩ ﻭﺍ ﺕ ﻓﻰ ﺗﺤﻠﻴﻞ ﺍﻟﻤﺴﺘ ﻮﻳﺎ ﺕ ﺍﻟﺴﻌﺮﻳﻪ‬
‫ﻭﺗ ﻮ ﻗﻊ ﺍ ﻫﻢ ﺍﻟﻤﻨﺎ ﻁ ﻖ ﺍﻟﺴﻌﺮﻳﻪ ﺍﻟﺘﻰ ﻳﺘﻐﻴﺮ ﻓﻴﻬﺎ ﺍﻻﺗﺠﺎﻩ‬
‫ﻣﻼﺣ ﻈﻪ ))ﺗﻐﻴﺮ ﺍﻻﺗﺠﺎﻩ ﻟﻴ ﺲ ﺑﺎﻟ ﻀﺮﻭﺭﻩ ﺍ ﻥ ﻳﻜ ﻮ ﻥ ﺍﻟﺘﺤ ﻮ ﻝ ﻣﻦ ﺻﺎﻋﺪ ﺍﻟﻰ ﻫﺎﺑ ﻂ ﻭﻟﻜﻦ ﻗﺪ ﻳﺪﺧﻞ ﻓﻰ‬

‫‪.c‬‬
‫ﺗﺬﺑﺬ ﺏ ((‬
‫ﺗﻨﻘﺴﻢ ﻧﺴﺐ ﻓﺎﻳﺒ ﻮﻧﺎﺗﺸﻰ ﺍﻟﻰ ﻧ ﻮﻋﻴﻦ‬

‫‪ow‬‬
‫ﻧﺴﺐ ﺗ ﺼﺤﻴﺤﻴﻪ ﻭ ﻫﻰ‬
‫‪ 38.2‬ﻭ ‪ 50‬ﻭ ‪ 61.8‬ﻭ ‪ 78.6‬ﻭ ‪88.2‬‬

‫‪r‬‬
‫‪or‬‬
‫ﻭﻧﺴﺐ ﺍﻣﺘﺪﺍﺩﻳﻪ ﻭﺍ ﻫﻤﺎ‬
‫‪ 112.7‬ﻭ ‪ 127.2‬ﻭ ‪ 161.8‬ﻭ ‪ 200‬ﻭ ‪ 261.8‬ﻭ ‪361.8‬‬
‫‪m‬‬
‫ﻣﻼﺣ ﻈﻪ‬
‫ﻫﻨﺎ ﻙ ﺍﻟﻌﺪﻳﺪ ﻣﻦ ﺍﻟ ﻄﺮ ﻕ ﻻ ﺳﺘﺨﺪﺍﻡ ﺗﻠﻚ ﺍﻟﻨﺴﺐ ﻭﻟﻜﻦ ﻧﺤﻦ ﺳﻨﻬﺘﻢ ﺑﺎﻟﻨ ﻮﻉ‬
‫‪-‬‬
‫‪ex‬‬

‫ﺍﻟﺬﻯ ﻳﺠﻤﻊ ﺗﻘﺮﻳﺒﺎ ﻛﻞ ﺍﻟﻤﺪﺍﺭ ﺱ ﻟﻨﺴﺘﻔﻴﺪ ﺑﺎﻛﺒﺮ ﻛﻢ ﻣﻤﻜﻦ ﻣﻦ ﻫﺬﻩ ﺍﻻﺩﺍء ﺍﻟﻘ ﻮﻳﻪ‬
‫‪or‬‬

‫ﻣﺒﺎﺩﺉ ﻧ ﻈﺮﻳﻪ ‪XABCDE‬‬

‫‪---------------------------------------‬‬
‫‪.f‬‬

‫ﺗﻌﺘﻤﺪ ﻫﺬﻩ ﺍﻟﻨ ﻈﺮﻳﻪ ﻋﻠﻰ ﻣﺒﺪﺍﺋﻴﻦ ﻣﻬﻤﻴﻦ‬

‫‪w‬‬

‫ﺍﻟﻤﺒﺪﺍء ﺍﻻ ﻭ ﻝ ‪ :‬ﺍ ﻥ ﺍﻟﻤ ﻮﺟﺎ ﺕ ﻣﻦ ﻧﻔ ﺲ ﺍﻟﺪﺭﺟﻪ ﺍﻟﺴﻌﺮﻳﻪ ﺗﺮﺑ ﻄﻬﻢ ﻋﻼ ﻗﺎ ﺕ ﺭﻳﺎ ﺿﻴﻪ ﺗﺘﻤﺜﻞ ﻓﻰ ﻋﻼ ﻗﻪ‬
‫ﻧ ﺴﺒﻴﻪ‬
‫‪w‬‬

‫))ﻳﺮﺟﻊ ﻫﺬﺍ ﺍﻟﻤﺒﺪﺍء ﺍﻟﻰ ﻧ ﻈﺮﻳﻪ ﺍﻟﻴ ﻮ ﺕ ((‬

‫‪w‬‬

‫ﺍﻟﻤﺒﺪﺍء ﺍﻟﺜﺎﻧﻰ‪ :‬ﺍ ﻥ ﺩﺭﺟﻪ ﺍﻟﻤ ﻮﺟﻪ ﺍﻟﺴﻌﺮﻳﻪ ﺗﻌﺘﻤﺪ ﻋﻠﻰ ﺍﻟﻤﺪﻯ ﺍﻟﺰﻣﻨﻰ ﺍﻻﻛﺒﺮ ﺍﻟﺮﺍﺑ ﻂ ﺑﻴﻦ ﺩ ﻭﺭﻩ‬
‫ﺍﻟﺘ ﺼﺤﻴﺢ ﻭﺍﺗﺠﺎ ﻫﺎ‬
‫))ﻳﺮﺟﻊ ﺍﻟﻰ ﻣﺒﺎﺩﺉ ﻧ ﻈﺮﻳﻪ ﺍﻟﺒﻨﻴﻪ ﺍﻟﺴﻌﺮﻳﻪ((‬
 ‫******************************‬
‫**ﺗﻌﺮﻳ ﻒ ﺍﻟﻤﺪﻯ ﺍﻟﺰﻣﻨﻰ**‬
‫‪Time Range‬‬

‫‪-----------------------------------------------‬‬

‫ﻫﻰ ﺍﻟﻤﺴﺎ ﻓﻪ ﺍﻟﺰﻣﻨﻴﻪ ﺑﻴﻦ ﺍﻟﺸﻤﻌﻪ ﺍﻟﻜﺎ ﺳﺮﻩ ﻟﻨﻘ ﻄﻪ ﺍﺭﺗﻜﺎﺯ ﺳﺎﺑﻘﻪ ﺣﻴﺚ ﻛﻠﻤﺎ ﺯﺍﺩ ﺕ ﻫﺬﻩ ﺍﻟﻤﺴﺎ ﻓﻪ‬

‫‪om‬‬
‫ﻋﻦ ﺍﻟﻤﺪﻯ ﺍﻟﺰﻣﻨﻰ ﺍﻟﺴﺎﺑ ﻖ ﻛﺎ ﻥ ﺍﻻﺗﺠﺎﻩ ﺍ ﻗ ﻮﻯ ﻭﻛﻠﻤﺎ ﻗﻠﺖ ﻫﺬﻩ ﺍﻟﻤﺴﺎ ﻓﻪ‬
‫ﺿﻌ ﻒ ﺍﻻﺗﺠﺎﻩ ﻗ ﻮﻩ‬

‫‪.c‬‬
‫ﻣﻼﺣ ﻈﻪ‪ :‬ﻳﺘﻢ ﻣﻘﺎﺭﻧﻪ ﺍﻟﻤﺪﻯ ﺍﻟﺰﻣﻨﻰ ﻓﻰ ﻧ ﻮﻋﻴﻦ‬

‫‪ow‬‬
‫‪ -1‬ﻣﻘﺎﺭﻧﻪ ﺍﻟﻤﺪﻯ ﺍﻟﺰﻣﻨﻰ ﻓﻰ ﺗﺘﺎﺑﻊ‬
‫‪Time Range in serial‬‬

‫‪r‬‬
‫‪or‬‬
‫‪-‬‬ ‫‪m‬‬
‫‪ex‬‬
‫‪or‬‬

‫ﻭﻫﻨﺎ ﻧﻘﺎﺭ ﻥ ﺍﻟﻤﺪﻯ ﺍﻟﺰﻣﻨﻰ ﺍﻟﺤﺎﻟﻰ ﺑﺎﻟﻤﺪﻯ ﺍﻟﺰﻣﻨﻰ ﺍﻟﺴﺎﺑ ﻖ‬

‫ﻟﺘﺤﺪﻳﺪ ﺍﻟﺤﺮﻛﻪ ﺍﻟﻤﺮﻛﺰﻳﻪ ﺍﻳﻦ ﺗﻜ ﻮ ﻥ‬
‫‪.f‬‬

‫ﻓﺎﺫﺍ ﻥ ﻛﺎ ﻥ ﺍﻟﺰﻣﻨﻰ ﺍﻟﺤﺎﻟﻰ ﺍﻛﺒﺮ ﻣﻦ ﺍﻟﺰﻣﻦ ﺍﻟﻤﺎ ﺿﻰ ﻛﺎ ﻥ ﺍﻻﺗﺠﺎﻩ ﺍ ﻗ ﻮﻯ ﻭﺍﻟﻌﻜ ﺲ ﺻﺤﻴﺢ‬

‫‪w‬‬
‫‪w‬‬
‫‪w‬‬
 ‫‪ -2‬ﻣﻘﺎﺭﻧﻪ ﺍﻟﻤﺪﻯ ﺍﻟﺰﻣﻨﻰ ﺟﺎﻧﺒﻴﺎ‬

‫‪om‬‬
‫‪.c‬‬
‫‪w‬‬
‫‪ro‬‬
‫‪Time Range in sideways‬‬
‫‪or‬‬
‫‪-m‬‬
‫** ﻣﺎ ﻫ ﻮ ﺍﻟﻬﺪ ﻑ ﻣﻦ ﺗﺤﺪﻳﺪ ﺍﻟﻤﺪﻯ ﺍﻟﺰﻣﻨﻰ ﺍﻻ ﻭ ﺳﻊ**‬
‫‪-----------------------------------------------‬‬
‫ﻫ ﻮ ﺍ ﺳﺘﺨﺮﺍﺝ ﺍﻟﺤﺮﻛﻪ ﺍﻟﻤﺮﻛﺰﻳﻪ ﻟﻼﺗﺠﺎﻩ ﻭﺍﻟﺘﻰ ﻧﺴﺘﺨﺪﻣﻬﺎ ﻣﺮﻛﺰﺍ ﻓﻰ ﺍﺧﺘﻴﺎﺭ ﻣﺴﺘ ﻮﻳﺎ ﺕ‬
‫‪ex‬‬

‫ﺍﻟﻔﺎﻳﺒ ﻮﻧﺎﺗﺸﻰ‬
‫ﺍﻟﻤﺴﺘﺨﺪﻣﻪ‬
‫‪or‬‬

‫‪-------------------------------------------------------------------‬‬
‫‪.f‬‬
‫‪w‬‬
‫‪w‬‬
‫‪w‬‬
 ‫ﺍ ﻭﺟﻪ ﺍﻟﻤﻘﺎﺭﻧﻪ ﺣﺴﺐ ﻧ ﻈﺮﻳﻪ ‪XABCDE‬‬

‫‪------------------------------------------------------------‬‬

‫‪om‬‬
‫‪.c‬‬
‫‪r‬‬ ‫‪ow‬‬
‫‪or‬‬
‫‪-‬‬ ‫‪m‬‬
‫‪ex‬‬
‫‪or‬‬
‫‪.f‬‬
‫‪w‬‬
‫‪w‬‬

‫**************************************‬
‫‪w‬‬

‫ﻣﻼﺣ ﻈﻪ ﻣﻬﻢ‪ :‬ﻋﻨﺪ ﺍ ﺳﺘﺨﺪﺍﻡ ﺍﻟﻔﺎﻳﺒ ﻮﻧﺎﺗﺸﻰ ﻧﺒﺤﺚ ﻋﻦ ﺗﻜﺘﻞ ﺣ ﻮ ﻝ ﻧﺴﺒﻪ‬

‫ﺍﻟﺤﺮﻛﻪ ﺍﻟﻤﺮﻛﺰﻳﻪ ﺛﻢ ﻧﺒﺤﺚ ﻋﻦ ﺍﻟﻤﺘ ﻮ ﺳ ﻂ ﺍﻟﺨﺎ ﺹ ﺑﻬﻢ‬
‫ﻟﻨﺤﺪﺩ ﺍﻟﻤﻨ ﻄﻘﻪ ﺍﻟﻤﺘ ﻮ ﻓﻌﻪ‬
‫‪Cluster Fibo‬‬
 ‫‪------------------------------‬‬

‫ﺍﻣﺜﻠﻪ ﻟﺘ ﻄﺒﻴ ﻖ ﺗﺤﻠﻴﻞ ﺍﻟﻔﺎﻳﺒ ﻮﻧﺎﺗﺸﻰ‬

‫**********************************‬
‫ﺳﻴﺘﻢ ﺷﺮﺣﻬﺎ ﻓﻰ ﻣﻨﺘﺪﻳﺎ ﺕ ﻓ ﻮﺭﻛ ﺲ ﺍﻟﻐﺪ‬

‫‪om‬‬
‫‪Forex-morrow.com‬‬

‫ﺑﺠﻤﻴﻊ ﺧﺒﺎﻳﻬﺎ ﻭﺍ ﺳﺮﺍﺭ ﻫﺎ‬

‫‪.c‬‬
‫*************************************‬

‫‪ow‬‬
‫ﺍﻟﺘﺤﻠﻴﻞ ﺍﻟﺮ ﻗﻤﻰ‬
‫‪Numerical Analysis‬‬

‫‪---------------------------------------‬‬

‫‪r‬‬
‫ﻣﻤﺎ ﻻ ﺷﻚ ﻓﻴﻪ ﺍ ﻥ ﻫﺬﺍ ﺍﻟﻨ ﻮﻉ ﻣﻦ ﺍﻟﺘﺤﻠﻴﻞ ﻻ ﻳﻜﻔﻴﻪ ﻣﺠﺮﺩ ﻓ ﺼﻞ ﻓﻰ ﻛﺘﺎ ﺏ‬
‫‪or‬‬
‫ﻭﺍﻧﻤﺎ ﻳﺤﺘﺎﺝ ﺍﻟﻌﺪﻳﺪ ﻣﻦ ﺍﻟﻤﺠﻠﺪﺍ ﺕ ﻭ ﺳﺎﻋﺎ ﺕ ﻋﻤﻞ ﺍﻟ ﻄ ﻮﻳﻠﻪ ﻭﻟﻜﻦ ﻓﻰ ﻫﺬﺍ ﺍﻟﻔ ﺼﻞ‬
‫ﺳﻨﻬﺘﻢ ﺑﺎﺣﺪ ﺍ ﻗ ﻮﻯ ﺍﻻﺩ ﻭﺍ ﺕ ﻟﺘﺤﻠﻴﻞ ﺍﻟﺰﻣﻦ ﻭﺍﻟﺘﻰ ﺗﻤﺘﺎﺯ ﺑﺎﻟﺴﻬ ﻮﻟﻪ ﻭ ﺳﺮﻋﻪ ﺍﻻ ﺳﺘﺨﺪﺍﻡ ﻭﺟ ﻮﺩﺗﻬﺎ ﻻ‬
‫‪m‬‬
‫ﺗﻘﻞ‬
‫ﻋﻦ ﺍﻯ ﺍﺩﺍﻩ ﺍﺧﺮﻯ ﻣﻦ ﻫﺬﺍ ﺍﻟﻨ ﻮﻉ ﻣﻦ ﺍﻟﺘﺤﻠﻴﻞ ﺍﻟﺰﻣﻨﻰ ﺍﻻ ﺍﻧﻨﺎ ﻧﺸﺮﺡ ﺍﻟﻜﺜﻴﺮ ﻣﻦ ﻫﺬﺍ ﺍﻟﻨ ﻮﻉ ﻣﻦ‬
‫‪-‬‬
‫‪ex‬‬

‫ﺍﻟﺘﺤﻠﻴﻞ ﻭﺍﻟﻌﺪﻳﺪ ﻣﻦ ﺍ ﺳﺮﺍﺭﻩ ﻓﻰ ﻣﻨﺘﺪﻯ ﻓ ﻮﺭﻛ ﺲ ﺍﻟﻐﺪ‬

‫‪ -1‬ﺗﺤ ﻮﻳﻞ ﺍﻟﻤﺪﻯ ﺍﻟﺰﻣﻨﻰ ﻓﻰ ﺍﻻﺗﺠﺎﻩ ﺍﻟﺴﺎﺑ ﻖ ﺍﻟﻰ ﻣﺪﻯ ﺯﻣﻨﻰ ﻓﻰ ﺍﻻﺗﺠﺎﻩ ﺍﻟﺤﺎﻟﻰ‬
‫‪or‬‬

‫‪Convert Time in last trend to tme in current trend‬‬

‫‪-------------------------------------------------‬‬ ‫‪------------------------------------‬‬
‫‪.f‬‬

‫ﺧ ﻄ ﻮﺍ ﺕ ﺍﻟﻌﻤﻞ‬
‫‪w‬‬

‫‪--------------------- --‬‬
‫‪w‬‬

‫**ﻣﻼﺣ ﻈﻪ ﻫﺎ ﻣﻪ ‪ :‬ﻳﺠﺐ ﺍﻟﺘﺎﻛﺪ ﺍ ﻥ ﺍﻟﻤ ﻮﺟﺎ ﺕ ﻣﻦ ﻧﻔ ﺲ ﺍﻟﺪﺭﺟﻪ ﺣﺴﺐ ﻧ ﻈﺮﻳﻪ ﺍﻟﻴ ﻮ ﺕ**‬
‫ﺗﻌﺘﻤﺪ ﻫﺬﻩ ﺍﻟ ﻄﺮﻳﻘﻪ ﻋﻠﻰ ﻓﺮ ﺽ ﺍ ﻥ ﻋﺪﺩ ﺍﻟﺒﺎﺭﺍ ﺕ ﻓﻰ ﺍﻟﻤ ﻮﺟﻪ ﻳﺴﺎ ﻭﻯ ‪ 180‬ﺩﺭﺟﻪ‬
‫‪w‬‬

‫ﻭﺍ ﻥ ﻫﺬﺍ ﺍﻟﻌﺪﺩ ﺗﺮﺑ ﻄﻪ ﻋﻼ ﻗﻪ ﺭﻳﺎ ﺿﻴﻪ ﻣﻊ ﺍﻟﻤ ﻮﺟﻪ ﺍﻟﻘﺎﺩﻣﻪ ﻭﺗﺮﻛﻴﺒﻬﺎ ﺍﻟﺪﺍﺧﻠﻰ ﺣﺴﺐ ﻧ ﻈﺮﻳﻪ ﺍﻟﻴ ﻮ ﺕ‬

‫‪ -1‬ﺣﺴﺎ ﺏ ﺍﻟﺘﻌﺪﺍﺩ ﻟﻌﺪﺩ ﺍﻟﺒﺎﺭ ﺕ ﻣﻦ ﻗﻤﻪ ﺍﻟﺴﺎﺑﻘﻪ ﺍﻟﻰ ﻗﺎﻉ ﺍﻟﺤﺎﻟﻰ ﺍ ﻭ ﺍﻟﻌﻜ ﺲ ))ﺣﺴﺐ ﺍﻻﺗﺠﺎﻩ((‬
 ‫‪ -2‬ﻧ ﻀﺮ ﺏ ﺍﻟﻨﺎﺗﺞ ﻓﻰ ﺍﺛﻨﻴﻦ ))ﻟﻠﺤ ﺼ ﻮ ﻝ ﻋﻠﻰ ‪ 360‬ﺩﺭﺟﻪ((‬
‫‪ -3‬ﻧﻘﺴﻢ ﻧﺎﺗﺞ ﻋﺪﺩ ﺍﻟﺒﺎﺭﺍ ﺕ ﻋﻠﻰ ‪)) 8‬ﻟﻠﺤ ﺼ ﻮ ﻝ ﻋﻠﻰ ﺍﻟﺪﺭﺟﺎ ﺕ ﻣﻦ ‪ 45‬ﺍﻟﻰ ‪ 360‬ﺩﺭﺟﻪ ((‬
‫ﻧﺘ ﻮ ﻗﻊ ﺗﻐﻴﺮ ﺍﻻﺗﺠﺎﻩ ﻓﻰ ﻫﺬﻩ ﺍﻻﻭ ﻗﺎ ﺕ‬
‫***********************************‬

‫‪om‬‬
‫‪-----------------------‬‬ ‫‪---------------------‬‬

‫‪.c‬‬
‫‪ -2‬ﺗﺤ ﻮﻳﻞ ﺍﻟﻤﺪﻯ ﺍﻟﺴﻌﺮﻯ ﻓﻰ ﺍﻻﺗﺠﺎﻩ ﺍﻟﺴﺎﺑ ﻖ ﺍﻟﻰ ﻣﺪﻯ ﺯﻣﻨﻰ ﻓﻰ ﺍﻻﺗﺠﺎﻩ ﺍﻟﺤﺎﻯ‬
‫‪Convert Time in last trend to tme in current trend‬‬

‫‪ow‬‬
‫‪----------------------------------------------------------------------‬‬
‫‪ -1‬ﻁﺮﺡ ﺍﻋﻠﻰ ﺳﻌﺮ ﺑﺎ ﻗﻞ ﺳﻌﺮ ﻓﻰ ﺍﻻﺗﺠﺎﻩ ﺍ ﻟﻬﺎﺑ ﻂ ﻭﺍﻟﻌﻜ ﺲ ﻓﻰ ﺍﻻﺗﺠﺎﻩ ﺍﻟ ﺼﺎﻋﺪ‬
‫‪ -2‬ﻧ ﻀﺮ ﺏ ﺍﻟﻨﺎﺗﺞ ﻓﻰ ﺍﺛﻨﻴﻦ ))ﻟﻠﺤ ﺼ ﻮ ﻝ ﻋﻠﻰ ‪ 360‬ﺩﺭﺟﻪ((‬

‫‪r‬‬
‫‪ -3‬ﻧﻘﺴﻢ ﺍﻟﻨﺎﺗﺞ ﻋﻠﻰ ‪)) 8‬ﻟﻠﺤ ﺼ ﻮ ﻝ ﻋﻠﻰ ﺍﻟﺪﺭﺟﺎ ﺕ ﻣﻦ ‪ 45‬ﺍﻟﻰ ‪ 360‬ﺩﺭﺟﻪ ((‬
‫‪or‬‬
‫ﻧﺘ ﻮ ﻗﻊ ﺗﻐﻴﺮ ﺍﻻﺗﺠﺎﻩ ﻓﻰ ﻫﺬﻩ ﺍﻻﻭ ﻗﺎ ﺕ‬
‫‪m‬‬
‫**************************‬
‫‪The Cluster method‬‬
‫‪-‬‬

‫***********************‬
‫‪ex‬‬

‫ﻭ ﻫ ﻮ ﻋﺒﺎﺭﻩ ﻋﻦ ﺩﻣﺞ ﺍﻟ ﻄﺮﻳﻘﺘﻴﻦ ﺍﻟﺴﺎﺑﻘﺘﻴﻦ ﻭﺗﺤﺪﺩ ﺍﻻ ﻭ ﻗﺎ ﺕ ﺍﻟﻤﺘﻘﺎﺭﺑﻪ ﺑﻴﻨﻬﻢ ﺑﺎﻻ ﻫﻢ‬

‫ﻓﻰ ﺍﺣﺘﻤﺎﻟﻴﻪ ﺗﻐﻴﺮ ﺍﻻﺗﺠﺎﻩ‬
‫‪or‬‬
‫‪.f‬‬
‫‪w‬‬
‫‪w‬‬
‫‪w‬‬

‫*************************************‬
 ‫ﺍﻟﻔ ﺼﻞ ﺍﻟﺴﺎﺑﻊ ‪ :‬ﻧ ﻈﺮﻳﻪ ﻣﻴﻞ ﺍﻟ ﻮ ﺳ ﻂ‬
‫‪((The Median Line theoryyy‬‬

‫‪----------------------------------------------------‬‬

‫ﻫ ﻮ ﻋﺒﺎﺭﻩ ﻋﻦ ﺩﺭﺍ ﺳﻪ ﺍﻟﻤﻴﻞ ﺍﻟﺨ ﻄﻰ ﻟﻤﻌﺎﻣﻞ ﺍ ﻟﺴﻌﺮ ﻭﺍﻟﺰﻣﻦ ﻭﺩﺭﺍ ﺳﺘﻪ ﻣﻊ ﺍﻟﺴﻠ ﻮ ﻙ ﺍﻟﺴﻌﺮﻯ‬
‫ﻣﻤﺎ ﻳﺴﺎﻋﺪﻧﺎ ﻋﻠﻰ ﻓﻬﻢ ﺗﻔﺴﻴﺮ ﺍﻟﺴﻠ ﻮ ﻙ ﺍﻟﺤﺮﻛﻰ ﺑﻔﺎﻋﻠﻴﻪ ﺍﻛﺜﺮ ﻭﺍﻟﺘﻌﺮ ﻑ ﻋﻠﻰ ﺍﻫﻢ ﺍﻟﻤﻨﺎ ﻁ ﻖ‬

‫‪om‬‬
‫ﺍﻟﺴﻌﺮﻳﻪ‬
‫ﺑﺠﺎﻧﺐ ﺩﺭﺍ ﺳﻪ ﻧ ﻈﺮﻳﻪ ﻣ ﻮﺟﺎ ﺕ ﺍﻟﻴ ﻮ ﺕ ﺑ ﺼ ﻮﺭﻩ ﻓﻌﺎﻟﻪ ﺍ ﻳ ﻀﺎ‬
‫ﺍﻟﺘﻰ ﻣﻦ ﺍﻟﻤﻤﻜﻦ ﺍ ﻥ ﻳ ﻈﻬﺮ ﻋﻨﺪ ﻫﺎ ﺗﻐﻴﺮ ﻓﻰ ﺍﻟﺴﻠ ﻮ ﻙ ﺍﻟﺴﻌﺮﻯ ﺍ ﻭ ﻝ ﻣﻦ ﺗﻜﻠﻢ ﻋﻨﻬﺎ‬

‫‪.c‬‬
‫‪Andrew‬‬

‫ﻭﺍ ﺷﺘﻬﺮ ﺕ ﺑﺎ ﺳﻢ ﺍﻟﺸ ﻮﻛﻪ ﺍ ﻭ‬

‫‪w‬‬
‫‪Andrews Pitchfork‬‬

‫‪ro‬‬
‫‪-----------------------------------------------‬‬
‫**ﺗﻌﺮﻳ ﻒ ﻣﻴﻞ ﺍﻟ ﻮ ﺳ ﻂ**‬
‫‪or‬‬ ‫‪The Median Line‬‬

‫‪------------------------‬‬
‫‪-m‬‬

‫ﻫ ﻮ ﺧ ﻂ ﻣﺮ ﺳﻢ ﻣﻦ ﻣﺴﺘ ﻮﻯ ﺍﺭﺗﻜﺎﺯﻯ ﻭﺍﻟﺘﻰ ﺗﻤﺜﻞ ﺍﻟﻨﻘ ﻄﻪ ﺍﻻ ﻭﻟﻰ ﻭﻣﺘ ﻮ ﺳ ﻂ ﺍﻟﻤﺪﻯ ﺍﻟﺴﻌﺮ‬

‫ﺍﻟﻤﻘﺎﺑﻞ ﻟﻬﺬﺍ ﺍﻻﺭﺗﻜﺎﺯ ﺳﻌﺮﻳﺎ ﻭﺯﻣﻨﻴﺎ ﻭﺍﻟﺘﻰ ﺗﻤﺜﻞ ﺍﻟﻨﻘ ﻄﻪ ﺍﻟﺜﺎﻧﻴﻪ ﺍﻟﺘﻰ ﻧﺤﺘﺎﺟﻬﺎ ﻟﺮ ﺳﻢ ﺧ ﻂ‬
‫ﺍﻟﻤﺘ ﻮ ﺳ ﻂ ﺛﻢ ﺭ ﺳﻢ ﺧ ﻄﻰ ﺑﻨﻔ ﺲ ﻣﻴﻞ ﻫﺬﺍ ﺍﻟﺨ ﻂ ﻋﻠﻰ ﺍﻋﻠﻰ ﻭﺍ ﺳﻔﻞ ﺍﻟﻤﺪﻯ ﺍﻟﺴﻌﺮﻯ‬
‫‪ex‬‬

‫‪------------‬‬ ‫‪---------------------------------‬‬
‫ﺍﻟﻘ ﻮﺍﻋﺪ ﺍﻟﻌﺎﻣﻪ ﺑﻤﻴﻞ ﺍﻟ ﻮ ﺳ ﻂ‬
‫‪or‬‬

‫‪The Median Line‬‬

‫‪-----------------------------------‬‬
‫‪.f‬‬
‫‪w‬‬
‫‪w‬‬
‫‪w‬‬
 ‫**ﺟﻤﻴﻊ ﺗﻠﻚ ﺍﻟﻘ ﻮﺍﻋﺪ ﺗ ﻄﺒ ﻖ ﻋﻠﻰ ﺍ ﻝ ﻣﻴﻞ ﺍﻟ ﻮ ﺳ ﻂ ﻭﺍﻯ ﺍﺩﺍﻩ ﺍﺧﺮﻯ ﻣﻦ ﺍﺩ ﻭﺍﺗﻪ **‬

‫ﺍﻟﻘﺎﻋﺪﻩ ﺍﻻ ﻭﻟﻰ ‪ % 80 :‬ﻣﻦ ﺍﻻ ﻭ ﻗﺎ ﺕ ﻳﺮﺟﻊ ﺍﻟﺴﻌﺮ ﺍﻟﻰ ﻣﻴﻞ ﺍﻟ ﻮ ﺳ ﻂ‬

‫‪om‬‬
‫ﺍﻟﻘﺎﻋﺪﻩ ﺍﻟﺜﺎﻧﻴﻪ ‪ :‬ﻓﻰ ﺣﺎﻟﻪ ﻋﺪﻡ ﺍﻟﻘﺪﺭﻩ ﻟﻠ ﻮ ﺻﻞ ﺍﻟﻰ ﻣﻴﻞ ﺍﻟ ﻮ ﺳ ﻂ ﻭﻛﺴﺮ ﺍﻟﺨ ﻂ ﺍﻻ ﺳﻔﻞ ﻟﻠﺸ ﻮﻛﻪ ﺍ ﻭ‬
‫ﺍﻻﻋﻠﻰ ))ﺣﺴﺐ ﺍﻻﺗﺠﺎﻩ(( ﻧﺘ ﻮ ﻗﻊ ﺍﻧﻌﻜﺎ ﺱ ﻓﻰ ﺍﻻﺗﺠﺎﻩ‬

‫‪.c‬‬
‫ﻭﺗﺴﻤﻰ ﻅﺎ ﻫﺮﻩ ﺍﻟﻔﺸﻞ‪Failures‬‬

‫‪ow‬‬
‫ﺍﻟﻘﺎﻋﺪﻩ ﺍﻟﺜﺎﻟﺜﻪ ‪ :‬ﻳﻌﻤﻞ ﻣﻴﻞ ﺍﻟ ﻮ ﺳ ﻂ ﻋﻤﻞ ﺍﻟﺪﻋ ﻮﻡ ﻭﺍﻟﻤﻘ ﻮﻣﺎ ﺕ ﻟﺬﻟﻚ ﻳ ﻄﺒ ﻖ ﻋﻠﻴﻪ ﻛﻞ ﻗ ﻮﺍﻋﺪ ﺍﻟﺪﻋ ﻮﻡ‬
‫ﻭﺍﻟﻤﻘ ﻮﻣﺎ ﺕ‬

‫‪r‬‬
‫‪or‬‬
‫‪ -1‬ﻅﺎﻫﺮﻩ ﺍﻟﻜﺴﺮ ﻭﺍﻻﺧﺘﺒﺎﺭ‬
‫‪Zoom and testng‬‬
‫‪m‬‬
‫‪-----------------------------‬‬

‫ﺍﺧﺘﺮﺍ ﻕ ﻣﻴﻞ ﺍﻟ ﻮ ﺳ ﻂ ﺛﻢ ﺍﻋﺎﺩﻩ ﺍﺧﺘﺒﺎﺭﻩ ﻭﺍﻻﻏﻼ ﻗﻪ ﺍ ﺳﻔﻠﻪ‬

‫‪-‬‬
‫‪ex‬‬

‫‪ -2‬ﻅﺎﻫﺮﻩ ﺍﻟﻜﺴﺮ ﺍﻟﻜﺎﺫ ﺏ‬

‫‪Zoom and Failures‬‬
‫‪or‬‬

‫‪-----------------------------------------------‬‬
‫‪.f‬‬

‫ﻭ ﻫ ﻮ ﻛﺴﺮ ﺍﻟﻤﺘ ﻮ ﺳ ﻂ ﺛﻢ ﺍﻻﻏﻼ ﻕ ﻓ ﻮ ﻗﻪ ﻣﺮﻩ ﺍﺧﺮﻯ ﻟﻴﻌ ﻄﻰ ﺍ ﺷﺎﺭﻩ ﺍﺭﺗﺪﺍﺩ ﻣﻦ ﺍﻟﻤﺴﺘ ﻮﻯ‬
‫‪w‬‬

‫***********************************‬
‫‪w‬‬
‫‪w‬‬
 ‫ﺍﺩ ﻭﺍ ﺕ ﻣﺴﺎﻋﺪﻩ ﻟﻤﻴﻞ ﺍﻟ ﻮ ﺳ ﻂ‬
‫‪Support tools for Median line‬‬

‫‪---------------------------------------------‬‬

‫‪The Min Median line‬‬

‫‪((MMLyy‬‬

‫‪om‬‬
‫‪-----------------------------------‬‬

‫‪.c‬‬
‫‪r‬‬ ‫‪ow‬‬
‫‪or‬‬
‫‪----------------------------------‬‬
‫‪m‬‬
‫ﻭ ﻫ ﻮ ﻋﺒﺎﺭﻩ ﺷ ﻮﻛﻪ ﺗﺮ ﺳﻢ ﺩﺍﺧﻞ ﺍﻟﺸ ﻮﻛﻪ ﺍﻟﻜﺒﻴﺮﻩ ﻟﺘﺴﺎﻋﺪﻧﺎ ﻋﻠﻰ ﺩﺭﺍ ﺳﻪ ﺍﻟﻬﻴﻜﻞ ﺍﻟﺤﺮﻛﻰ ﺑ ﺼ ﻮﺭﻩ‬
‫ﺍﺩ ﻕ‬
‫‪-‬‬
‫‪ex‬‬

‫ﺣﻴﺚ ﺍﻧﻬﺎ ﺗﺮﺑ ﻂ ﺑﻴﻦ ﺍﻟﻤ ﻮﺟﻪ ﺍﻟﻜﺒﻴﺮﻩ ﻭﺗﺮﻛﻴﺒﻬﺎ ﺍﻟﺪﺍﺧﻠﻰ‬

‫‪or‬‬
‫‪.f‬‬
‫‪w‬‬
‫‪w‬‬
‫‪w‬‬
 ‫‪-------------------------------------‬‬

‫‪Warning Line‬‬

‫‪((WLyy‬‬

‫‪om‬‬
‫‪.c‬‬
‫‪ow‬‬
‫ﻭ ﻫ ﻮ ﻋﺒﺎﺭﻩ ﻋﻦ ﺍ ﺿﺎ ﻓﻰ ﻳﺮ ﺳﻢ ﺍ ﺳﻔﻞ ﺍﻭ ﺍﻋﻠﻰ ﺧ ﻂ ﺍﻟﺸ ﻮﻛﻪ ﺍﻟﻌﻠ ﻮﻯ ﻭﺍﻟﺴﻔﻠﻰ ﻭﻳﻜ ﻮ ﻥ ﺑﻨﻔ ﺲ‬

‫‪r‬‬
‫ﺍﻟﻤﺴﺎ ﻓﻪ ﺍﻟﺘﻰ ﺑﻴﻦ ﺍﻟﺨ ﻂ ﺍﻻ ﻭ ﺳ ﻂ ﻟﻠﺸ ﻮﻛﻪ ﻭﺍﻟﺨ ﻂ ﺍﻟﻌﻠ ﻮﻯ ﺍ ﻭ ﺍﻟﺨ ﻂ ﺍﻟﺴﻔﻠﻰ‬
‫‪or‬‬
‫‪---------------------------------------‬‬

‫‪Trigger Trend Line‬‬

‫‪m‬‬
‫‪((TTLyy‬‬

‫‪---------------------------------------‬‬
‫‪-‬‬
‫‪ex‬‬

‫ﻭ ﻫ ﻮ ﻋﺒﺎﺭ ﻋﻦ ﺧ ﻂ ﺗﺮﻳﻨﺪ ﻳﺮ ﺳﻢ ﺑﻴﻦ ﻗﻤﺘﻴﻦ ﺍﻭ ﻗﺎﻋﻴﻦ‬

‫ﺣﻴﺚ ﺗﻜ ﻮ ﻥ ﻣﺮ ﺳ ﻮﻣﻪ ﻋﻠﻰ ﺍﺣﺪ ﺍﺭﺗﻜﺎﺯﻳﻦ ﻣﻴﻞ ﺍﻟ ﻮ ﺳ ﻂ‬
‫‪or‬‬

‫‪----------------------------‬‬
‫‪.f‬‬

‫‪Sliding Parallel Line‬‬

‫)‪(Spl‬‬
‫‪w‬‬

‫‪---------------------‬‬
‫‪w‬‬

‫ﻭ ﻫ ﻮ ﺧ ﻂ ﻳﺮ ﺳﻢ ﻋﻨﺪ ﺣﺪﻭ ﺙ ﻛﺴﺮ ﻛﺎﺫ ﺏ ﻻﺣﺪ ﺧ ﻄ ﻮ ﻁ ﺍﻟﺸ ﻮﻛﻪ‬

‫ﻭ ﻫ ﻮ ﻳﺴﺎﻋﺪﻧﺎ ﻋﻠﻰ ﺗﺎﻛﻴﺪ ﻣﺤﻴ ﻂ ﺍﻟﻜﺴﺮ ﺍﻟﻘﺎﺩﻡ‬
‫‪w‬‬

‫‪----------------------------------‬‬
 ‫‪Unorthodox Line‬‬

‫‪----------------------------------‬‬

‫‪om‬‬
‫‪.c‬‬
‫‪ow‬‬
‫‪-----------------------------‬‬

‫‪r‬‬
‫ﻭ ﻫ ﻮ ﻋﺒﺎﺭﻩ ﻋﻦ ﺧ ﻂ ﺗﺮﻳﻨﺪ ﻳﺮ ﺳﻢ ﻋﻠﻰ ﺍﻛﺜﺮ ﻣﻦ ﻣﺴﺘ ﻮﻳﺎ ﺕ ﺍﺭﺗﻜﺎﺯ ﻟﻴ ﺲ ﻳﺸﺘﺮ ﻁ‬
‫‪or‬‬
‫ﺍ ﻥ ﺗﻜ ﻮ ﻥ ﻛﻠﻬﺎ ﻗﻤﻢ ﺍ ﻭ ﻗﻴﻌﺎ ﻥ ﻣﺘﺘﺎﻟﻴﻪ‬
‫‪m‬‬
‫***********************************‬
‫‪-‬‬
‫‪ex‬‬
‫‪or‬‬
‫‪.f‬‬
‫‪w‬‬
‫‪w‬‬
‫‪w‬‬
 ‫**ﺍﻧ ﻮﺍﻉ ﺍﻟﻤﻴﻞ ﺍﻟﻤﺘ ﻮ ﺳ ﻂ**‬
‫‪-----------------------------‬‬
‫‪Schiff Median Line‬‬

‫‪((SMLyy‬‬

‫‪om‬‬
‫‪.c‬‬
‫‪r‬‬ ‫‪ow‬‬
‫‪--------------------------‬‬
‫‪or‬‬
‫‪--------------------‬‬
‫‪m‬‬
‫ﺣﻴﺚ ﺗﻜ ﻮ ﻥ ﻧﻘ ﻄﻪ ﺍﻻﺭﺗﻜﺎﺯ ﺍﻻ ﻭﻟﻰ ﻓﻰ ﻣﻨ ﺼ ﻒ ﺍﻟﻤﺪﻯ ﺍﻟﺴﺎﺑ ﻖ‬
‫ﻭﻧﻘ ﻄﻪ ﺍﻻﺭﺗﻜﺎﺯ ﺍﻟﺜﺎﻧﻴﻪ ﻓﻰ ﻣﻨ ﺼ ﻒ ﺍﻟﻤﺪﻯ ﺍﻟﺤﺎﻟﻰ‬
‫‪-‬‬
‫‪ex‬‬

‫‪-----------------------------------‬‬
‫‪or‬‬
‫‪.f‬‬
‫‪w‬‬
‫‪w‬‬
‫‪w‬‬
 ‫‪T-Median Line‬‬

‫‪((TMLyy‬‬

‫‪----------------‬‬

‫‪om‬‬
‫‪.c‬‬
‫‪r‬‬ ‫‪ow‬‬
‫‪or‬‬
‫‪------------------------------------‬‬
‫ﻳﺮ ﺳﻢ ﻋﻠﻰ ﻣﻨﺘ ﺼ ﻒ ﺍﻟﻤﻴﻞ ﺑﻴﻦ ﻗﻤﺘﻴﻦ ﺍﻭ ﻗﻠﻌﻴﻦ ﺣﻴﺚ ﺗﻜ ﻮ ﻥ ﺍﻻ ﻭﻟﻰ ﺍ ﻗﻞ ﻣﻦ ﺍﻟﺜﺎﻧﻴﻪ‬
‫‪m‬‬
‫ﻭﺍﻻﺭﺗﻜﺎﺯ ﺍﻟﺜﺎﻧﻰ ﻣﻨﺘ ﺼ ﻒ ﺍﻟﻤﺪﻯ ﺍﻟﻤﻘﺎﺑﻞ‬
‫‪-‬‬

‫******************************‬
‫‪ex‬‬

‫ﻭﻫﻜﺬﺍ ﻧﻜ ﻮ ﻥ ﻗﺪ ﺷﺮﺣﻨﺎ ﺟﻤﻴﻊ ﺍﺩ ﻭﺍ ﺕ ﻭﺍﺭﻛﺎ ﻥ ﻫﺬﻩ ﺍﻻﺩﺍﻩ ﺍﻟﺮﺍﺋﻌﻪ‬

‫‪or‬‬

‫*************************************‬
‫ﺍﻟﺨﺎﺗﻤﻪ‪:‬‬
‫‪.f‬‬

‫‪-----------------‬‬
‫‪w‬‬

‫ﺍﺗﻤﻨﻰ ﺍ ﻥ ﺗﻜ ﻮ ﻥ ﻗﺪ ﻭ ﻓﻘﺖ ﻓﻰ ﺷﺮﺡ ﺗﻠﻚ ﺍﻟﻤﻌﻠ ﻮﻣﺎ ﺕ ﺍﻟﻤﻬﻤﻪ ﻭﺍﻟﻘﻴﻤﻪ ﻋﻦ ﺍﻟﺴﻠ ﻮ ﻙ ﺍﻟﺴﻌﺮﻯ‬
‫ﻭﻛﻴﻔﻴﻪ ﻗﺮﺍﺋﺘﻪ ﻭﺍ ﻥ ﺗﻜ ﻮﻥ ﻫﺬﻩ ﺍﻻﺩ ﻭﺍ ﺕ ﺍ ﺿﺎ ﻓﻪ ﺍﻟﻴﻜﻢ ﺍﻟﺠﺪﻳﺪ ﻋﻠﻰ ﺍﻥ‬
‫‪w‬‬

‫ﺳﻴﺘﻢ ﻋﻤﻞ ﺩﻭﺭﻩ ﺗﺸﺮﺡ ﻛﻞ ﻫﺬﻩ ﺍﻻﺩ ﻭﺍ ﺕ ﺑﺘﻔﺎ ﺻﻴﻞ ﺍﻛﺜﺮ ﻭﺍﻣﺜﻠﻪ‬
‫‪w‬‬

‫ﻓﻰ ﻣﻨﺘﺪﻳﺎ ﺕ ﻓ ﻮﺭﻛ ﺲ ﺍﻟﻐﺪ‬

‫‪Forex-morrow.com‬‬

‫ﺣﺘﻰ ﺗﻜ ﻮ ﻥ ﺍﻟﺮ ﻭﺋﻴﻪ ﺍ ﻭ ﺿﺢ ﻟﻠﺠﻤﻴﻊ ﺍ ﻥ ﺷﺎء ﷲ‬

w
w
w
.f
or
ex
-m
or
r ow
.c
om