Lesson / WY-01-04
“The longer the consolidation, the larger the future rise” omits direction, count parameters, and structural validity. A long range may resolve downward or remain balanced after repeated failed breakouts. Even if it ultimately breaks upward, determine whether the counting boundaries belong to the same accumulation process; not all historical sideways trading can be included.
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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