Lesson / WY-01-04
A valid estimate first needs a stable trading range. Upper and lower boundaries should be identifiable from same-scale swings on the bar chart, the point-and-figure period and data source must correspond, and rolls, adjustments, or missing data must not create false columns. A count may be observed while structural character is unclear, but it should not determine direction.
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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What the Wyckoff Method Studies
The Composite Operator Model and Strategic Interaction in Trading
