Lesson / WY-02-10
For same-direction advances, first standardize scale, then record endpoints, full magnitude, incremental distance above the prior high, duration, accumulated volume, internal overlap, and ending behavior. Farther extension beyond the prior high in less time with less overlap and a close near the highs indicates improved buying efficiency. More activity with shorter incremental distance and more upper wicks and overlap suggests reduced demand efficiency or greater supply influence.
Course content is for learning and research only. It is not investment advice.
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7 lessons · Chapter contents
01Swing Segmentation Rules and Observation Scale↗02Identifying Upward and Downward Swings↗03Magnitude, Duration, Volume, and Progress Efficiency↗04Comparing the Current Advance with the Previous Advance↗05Comparing the Current Decline with the Previous Decline↗06The Relationship between Advances and Reactions↗07Endpoint Confirmation, Future Information, and Repainting↗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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A Fresh Look at a Single Candlestick
Understanding Volume
