WY-05-22 / 03
Position Adjustments and Changes in Buying and Selling During Consolidation
Continuation and Complex Structures
Lesson / WY-05-22
Trend continuation structures share a chart feature: consolidation preserves the original directional structure, and the trend subsequently resumes. Several position changes may occur during consolidation, but price and total volume cannot identify the exact combination. Selling after an advance need not mean distribution; it may be profit-taking whose effect is limited by continuing buying support. Buying after a decline need not mean accumulation; it may be short covering, after which supply returns. Charts cannot directly identify participant categories behind orders. Test explanations through price responses to trading activity.
Course content is for learning and research only. It is not investment advice.
Read the Chapter ↗Timestamps
8 lessons · Chapter contents
01Reaccumulation Within an Uptrend↗02Redistribution Within a Downtrend↗03Position Adjustments and Changes in Buying and Selling During Consolidation↗04Similarities and Differences Between Continuation Structures, Tops, and Bottoms↗05Depth, Duration, Volatility, and Internal Swings↗06Confirmation, Tests, and Invalidation After Departure↗07Horizontal, Sloping, Converging, and Expanding Ranges↗08Nested Structures, Complex Combinations, and Similar Supply-Demand Changes↗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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Why the Same Range Can Have Different Interpretations
