Lesson / WY-03-13
The Secondary Test (ST) is a return toward the stopping area to test whether supply can depress price as it did at the SC or an earlier downward probe. An ST need not touch the SC low exactly or form a higher low. It may stop above the SC, touch that low, or dip slightly below it and recover quickly.
Course content is for learning and research only. It is not investment advice.
Read the Chapter ↗Timestamps
8 lessons · Chapter contents
01Phases and Events in the Accumulation Schematic↗02The Task of Phase A: Has the Decline Stopped?↗03Preliminary Support: PS↗04Selling Climax: SC↗05Automatic Rally: AR↗06Secondary Test: ST↗07Establishing and Revising Preliminary Range Boundaries↗08Nonstandard Phase A Structures↗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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Phase B: Tracking Supply and Demand Within the Range
Phase C: Springs and Supply Tests
