Lesson / WY-02-10
Apply the same comparison to declines: full magnitude, incremental distance below the prior low, time, accumulated volume, internal rallies, and closing position. Expanding new-low distance, brief rallies, and persistently lower closes show sellers continuing to depress price. Greater activity with smaller new-low progress, more lower wicks, and greater overlap may indicate buying support or merely proximity to price limits or changed liquidity.
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
