Lesson / WY-04-20
Breaking support takes price below the range, but brief entry and sustained establishment there differ. First assess the breakout swing's actual decline, then whether subsequent trading mostly remains below. If a rally back occurs, observe whether old support becomes a supply zone. Such a rally is not required to confirm distribution; a large imbalance may lead to direct departure. Once it appears, however, it tests whether old support has begun restraining rallies.
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.
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The Distribution Structure and Phase A
Phases B and C: Upthrusts, UTAD, and Demand Tests
