Lesson / WY-03-15
There is no universal good-or-bad standard for breach depth. A slight crossing may already show that sellers temporarily cannot depress price further or that low prices cannot hold. In a highly volatile market, a deeper probe may also recover quickly. Compare the breach with ordinary range fluctuations, previous test depths, and the width of the lower-boundary zone rather than imposing a fixed percentage or bar count.
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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