Lesson / WY-04-19
'Increasing supply' means sellers are more willing to trade near current prices. Charts often show expanding downswings, low closes, broken local lows, and greater activity actually moving price lower. It may also appear as repeatedly obstructed advances: more buying produces only brief increases, suggesting enough selling to absorb the added buying. Compare neighboring swings in the same direction rather than relying on one down candle or volume increase.
Course content is for learning and research only. It is not investment advice.
Read the Chapter ↗Timestamps
8 lessons · Chapter contents
01The Task of Phase B: Comparing Rallies, Declines, and Internal Range Behavior↗02Increasing Supply, Weakening Demand, and Their Combination↗03Upthrust: UT↗04Upthrust After Distribution: UTAD↗05UT, UTAD, Ordinary Breakouts, and Breakout Failure↗06Demand Testing in Phase C↗07No UTAD and Tests at Lower Levels↗08Repeated Upthrusts and Returns to the Range↗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 Distribution Structure and Phase A
Phases D and E: SOW, LPSY, and the Developing Decline
