Lesson / WY-01-05
Single-bar analysis records spread, close, and volume to identify candidate anomalies. Next place the bar within its neighboring sequence: do closes continue in the same direction, does range expand or contract, and does the anomaly produce an opposing result? Later sequences often revise a single bar’s meaning.
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.
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What the Wyckoff Method Studies
The Composite Operator Model and Strategic Interaction in Trading
