Lesson / WY-04-19
Some distribution ranges have already encountered repeated upper-boundary selling, allowing price to weaken without another breach. Multiple failed Phase B probes, consecutively shorter upswings, and progressively larger declines can lead directly into weakness. Forcing a UTAD label may misclassify an ordinary rally as a boundary event and miss the more important internal deterioration in demand.
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
