WY-05-22 / 05
Depth, Duration, Volatility, and Internal Swings
Continuation and Complex Structures
Lesson / WY-05-22
Range depth is the consolidation's retracement relative to the preceding trend leg and the instrument's normal volatility. Shallow consolidation usually retraces only a small part of the prior leg, but may simply be unfinished. Deep consolidation reverses more ground, yet need not damage the trend in a high-volatility environment. Retracement as a proportion of the preceding complete advance can aid description, without universal cross-instrument thresholds.
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
