Lesson / WY-03-16
Phase D indicates that demand is beginning to lift price repeatedly and attempting to lead it out of the trading range. Assess it in the context of the preceding trend stop, range development, and supply tests. If earlier action establishes only sideways trading, without weakening supply, one advance shows at most stronger local buying and cannot establish Phase D of accumulation for the whole structure.
Course content is for learning and research only. It is not investment advice.
Read the Chapter ↗Timestamps
7 lessons · Chapter contents
01How Phase D Builds on the Earlier Structure↗02Sign of Strength: SOS↗03Last Point of Support: LPS↗04Comparing the Strong Advance and Pullback↗05Jump Across the Creek and the Breakout Retest↗06Internal Strength Versus Actual Departure↗07Multiple LPSs, Deep Retests, and No 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
