Lesson / WY-01-04
Begin by drawing a candidate range on the bar chart. Boundaries come from price areas that produced meaningful opposing swings and should not be expanded casually for one wick. Then assess whether the old trend has stopped, which direction’s internal swings are improving, and whether trading persists outside after a boundary departure. Until direction is established, the point-and-figure count remains a research record.
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
