Lesson / WY-01-04
During a trend, price continually seeks new trading areas. Inside a range, directional progress encounters obstacles and trading takes place within relatively limited prices. A range may absorb the preceding trend’s supply or demand or rebalance within an ongoing trend. More developed horizontal activity generally produces more countable point-and-figure columns and a greater potential projected distance.
Course content is for learning and research only. It is not investment advice.
Read the Chapter ↗Timestamps
7 lessons · Chapter contents
01The Basic Meaning of Cause and Effect↗02How a Trading Range Develops Potential Movement↗03The Role of Point-and-Figure Charts↗04Horizontal Count, Duration, and Range Width↗05Why “Longer Sideways Means More Upside” Is Insufficient↗06Preconditions and Parameters for Target Estimation↗07From Range Identification to Trading Use↗Observe the market: start with context and place price within its structure.
Understand structure: compare supply and demand, and let evidence support or revise your hypothesis.
Form a view: define risk limits and know when to reassess.
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