Lesson / WY-03-13
The area near the SC or principal stopping low can initially serve as a candidate lower boundary, and the area near the AR high as a candidate upper boundary. Keep boundaries as zones: participants arrive at different prices and times, and posted quantities change with market conditions, so reactions rarely concentrate at one exact price. Turning points on different timeframes, heavily traded prices, and intraday extremes also often differ. Phase A boundaries are merely preliminary references derived from historical reactions. Later swings may widen, narrow, or gradually tilt the range.
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
