Lesson / WY-03-15
If price cannot advance for a long time after a Spring recovery, the event remains unresolved. Price may continue oscillating inside the range, test the lows again, or ultimately break the lower boundary. Lack of an immediate advance is insufficient to declare the Spring invalid, but a bullish judgment cannot be extended indefinitely. Before trading, specify which local high price must clear, how it should approach or break the upper boundary, and which decline level would overturn the original explanation.
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
