Lesson / WY-04-21
LPSY is a resisted rally after weakness. It does not absolutely forbid a brief crossing; it requires the rally to fail to reclaim key supply and sellers subsequently to resume decline. Define the area's width and in advance whether a wick crossing, close above, or sustained trading above counts as a break. These observations damage the original assessment to different degrees.
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
