Lesson / WY-01-05
The high-low spread shows the range a bar visited; net progress shows how far a sequence ultimately moved in the intended direction. They differ. A wide bar closing near its starting point has a large intrabar range but little net result. Several narrow bars closing consistently in one direction may accumulate substantial progress.
Course content is for learning and research only. It is not investment advice.
Read the Chapter ↗Timestamps
7 lessons · Chapter contents
01What Effort and Result Measure↗02Measuring the Different Price Results↗03Harmony between Effort and Result↗04Increasing Effort with Diminishing Results↗05Declining Effort while Price Keeps Progressing↗06Single Bars, Sequences, and Swings↗07Why the Same Behavior Can Have Different Explanations↗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.
No matching captions.
What the Wyckoff Method Studies
The Composite Operator Model and Strategic Interaction in Trading
