Lesson / WY-01-06
Accumulation, markup, distribution, and markdown are four kinds of market process in the price cycle. Phases A–E describe development from the stopping of the old trend and formation of a trading range through the post-breakout trend: A stops the old trend; B builds the range; C tests remaining supply or demand; D sees one side gain a sustained advantage; and E leaves the range to form a trend. The classifications are related but distinct.
Course content is for learning and research only. It is not investment advice.
Read the Chapter ↗Timestamps
7 lessons · Chapter contents
01Accumulation↗02Markup↗03Distribution↗04Markdown↗05Reaccumulation and Redistribution↗06Trend Stopping, Entry into a Range, and Trend Reversal↗07The Four Price-Cycle Processes and Phases A–E↗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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