Lesson / WY-03-14
Testing is not exclusive to Phase C. Phase A's ST tests the stopping area; Phase B repeatedly revisits old locations to compare supply and demand; Phase C may test remaining supply; and Phase D's LPS examines how far sellers can push back after strength. All look like a 'return to an old area,' but their locations and preceding events differ, so they test different things.
Course content is for learning and research only. It is not investment advice.
Read the Chapter ↗Timestamps
7 lessons · Chapter contents
01How Phase B Prepares for Subsequent Action↗02Continuing Comparisons of Swings in the Same Direction↗03Advances and Opposing Swings↗04The Upper Boundary, Lower Boundary, and Middle↗05Testing Across Different Phases↗06How Accumulation Evidence Strengthens or Weakens↗07Retaining Redistribution or Continued Decline as Alternatives↗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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The Accumulation Structure and Phase A
Phase C: Springs and Supply Tests
