Lesson / WY-04-21
A distribution assessment can fail at three levels. First, a local event fails to produce its expected result; withdraw only that event's support for the short case. Second, the anticipated sequence of 'Upthrust, breakdown, rally back' does not occur, while the range could still end downward through another sequence. Third, the entire distribution assessment is contradicted: price advances through key areas and retains its gains, so the trend stop, demand tests, and weakness no longer support shorts. First specify whether the failure concerns an event, the anticipated sequence, or the whole structure.
Course content is for learning and research only. It is not investment advice.
Read the Chapter ↗Timestamps
8 lessons · Chapter contents
01First Identify Which Level of Judgment Failed↗02Continued Strength After Candidate UTAD↗03Ranges That Never Develop Effective Weakness↗04A Former LPSY Candidate Is Broken Upward↗05Reclaiming and Holding the Range After a Breakdown↗06Reassessing Distribution Versus Reaccumulation↗07Retrospective Relabeling and Real-Time Revision↗08Diagnosing the Original Distribution Analysis↗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
