Lesson / WY-03-15
A Spring is a failed downward breakout: price falls below an existing support area, cannot remain there, and returns to the trading range. It first proves only that this breakdown did not hold. Demand must keep lifting price before the Spring gains support as an accumulation supply test.
Course content is for learning and research only. It is not investment advice.
Read the Chapter ↗Timestamps
8 lessons · Chapter contents
01What Phase C Tests↗02A Spring's Location and Basic Behavior↗03The Break, Recovery, Volume, and Close↗04Springs and Shakeouts↗05The Test After a Spring↗06Accumulation Without a Spring↗07A Candidate Spring Versus a Sustained Breakdown↗08Handling Insufficient Follow-Through↗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 B: Tracking Supply and Demand Within the Range
