Lesson / WY-02-11
Change of Behavior is a significant departure from the prior trend's characteristic rhythm in price, time or trading activity. During an advance, upward progress may shorten, pullbacks may become larger and faster, and a key demand line may be crossed. During a decline, downward results may diminish while rallies expand and cross the supply line. It describes a process of change, not a single reversal pattern.
Course content is for learning and research only. It is not investment advice.
Read the Chapter ↗Timestamps
7 lessons · Chapter contents
01Highs, Lows and the Rhythm of a Trend↗02Trend Lines and Channels: Uses, Drawing Rules and Limits↗03Support and Resistance: Zones, Boundaries and Tests↗04Initial Trading-Range Boundaries and Later Revisions↗05Breakouts, Breakdowns and Re-entry into the Range↗06Change of Behavior: From One Rhythm to Another↗07A Trend-Line Break, a Trend Stop and a Trend Reversal↗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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