Lesson / WY-04-18
Completion of Phase A establishes only the working conclusion that rising has been obstructed. Demand deterioration in Phase B, testing in Phase C, and SOW and LPSY in Phase D gradually distinguish distribution, reaccumulation, and continued rising.
Course content is for learning and research only. It is not investment advice.
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8 lessons · Chapter contents
01The Relationship Between Distribution Phases and Events↗02Phase A: Has the Advance Stopped?↗03Preliminary Supply: PSY↗04Buying Climax: BC↗05Automatic Reaction: AR↗06Secondary Test: ST↗07Establishing and Revising Preliminary Boundaries↗08Climactic Stopping and Gradual Loss of Upward Effectiveness↗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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Phases B and C: Upthrusts, UTAD, and Demand Tests
Phases D and E: SOW, LPSY, and the Developing Decline
