Lesson / WY-04-20
Phase D has no fixed duration; it is where the distribution hypothesis begins facing a directional test. Phase A shows only that rising stopped, Phase B shows two-way movement within the range, and Phase C may include UTAD or another demand test. In Phase D, sellers must actually move price lower. Repeated probes, upper wicks, and high volume do not establish Phase D merely because the range looks like a top if declines travel no farther or faster than before.
Course content is for learning and research only. It is not investment advice.
Read the Chapter ↗Timestamps
7 lessons · Chapter contents
01The Analytical Task of Phase D↗02Sign of Weakness: SOW↗03Last Point of Supply: LPSY↗04Symmetric Comparison of Downward Progress and Rally Quality↗05Rallying Back After a Support Break and Regaining the Range↗06Monitoring the Trend in Phase E↗07Consolidations, Rallies, and Candidate Redistribution During a Decline↗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.
No matching captions.
The Distribution Structure and Phase A
Phases B and C: Upthrusts, UTAD, and Demand Tests
