Lesson / WY-03-13
Some Phase A structures have no obvious SC. Urgent sell orders may diminish gradually while buyers progressively add support across neighboring prices. Each decline then shortens and less time is spent at the lows, without a single concentrated high-volume, wide-spread event. Focus on successive upswings and downswings: does additional trading struggle increasingly to lower price, and can rallies travel farther? These show declining downward efficiency. Only when subsequent trading continues moving to higher prices does the accumulation interpretation strengthen.
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
