Many traders often get dizzy from market fluctuations. Ultimately, it's because they haven't understood what divergence and consensus really mean. Today, I will outline the four most common divergence-to-consensus patterns on intraday charts. Mastering these will elevate your understanding of the market.

**Pattern 1: Converging Triangle Breakout**

After the market opens, the stock price begins to consolidate, gradually forming a converging triangle pattern. You'll notice the volatility gradually narrows, with the entire price movement staying within 1%, and trading volume also diminishes, eventually reaching very low levels. What does this indicate? It shows that participants' disagreements are fading. When the price suddenly surges and breaks through the consolidation, it marks the moment divergence fully turns into consensus. This pattern is the most stable because it has built-up momentum.

**Pattern 2: Breakout Above the Box Top**

After a gap up, the price is trapped within a box, oscillating repeatedly. Each rebound is resisted by previous highs, and trading volume fluctuates, indicating ongoing tug-of-war between bulls and bears. The key signal is when the price breaks above the box top, accompanied by increased volume, quickly moving away from resistance. This signals the end of consolidation and the shift from divergence to consensus. Note that the breakout must be rapid and not retested repeatedly.

**Pattern 3: Support Rebound Confirmation**

The stock opens lower, with the moving average line acting as resistance above. After the price crosses above the moving average, it pulls back but does not fall below it—instead, it finds support. During this process, volume increases on the rebound, with decreasing volume on declines, leading to a quick upward surge with significantly enlarged volume. This process vividly reflects the market transitioning from divergence to consensus.

**Pattern 4: Intraday V-Shaped Reversal**

After a gap up, the price reverses downward, breaking below the opening price and yesterday’s close. However, during this decline, volume does not surge significantly—that's a key point, called a "volume-less decline." Subsequently, the price stops falling and rebounds, with volume starting to increase, eventually breaking through the day's high to form a V-shape. This pattern indicates that although the bears attempted to push the price down, their strength was insufficient, and the bulls quickly regained control.

The common feature of these four patterns is that they all experience a process from divergence (shrinking or chaotic volume) to consensus (volume confirmation). During divergence, participants' opinions are inconsistent, so volume tends to shrink or fluctuate; when turning to consensus, volume either expands to confirm the move or rebounds with increased volume after a volumeless decline.

In trading, you must learn to read these details on intraday charts. Don't just watch price movements; volume truly reflects the market's real intentions. These four patterns are fundamental; mastering them will ensure you won't be at a loss when facing intraday行情. See you next time.