Lesson / WY-03-14
Sideways trading after a decline has at least two competing explanations: accumulation preparing for an advance, or redistribution preparing for further decline. The preceding downtrend supplies a redistribution context but does not guarantee continued falling. Buying support at the lows favors accumulation but does not guarantee reversal. Continually compare whether upward moves within the range become smoother or downward moves easier to extend.
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
