Lesson / WY-03-15
Wyckoff teaching traditions use Shakeout somewhat differently. A Terminal Shakeout occurs late in candidate accumulation: price falls more forcefully below established support, absorbing or forcing out supply still willing to sell low, then rapidly returns to the range. It tests the same structural question as a Spring, but often has stronger downward momentum, more active trading, or more pronounced volatility expansion. Distinguish them by the event's intensity relative to normal swings in that range, without preset decline thresholds, volume thresholds, or bar counts.
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
