WY-05-23 / 04
Supporting Behavior and Contrary Evidence
Continuation and Complex Structures
Lesson / WY-05-23
Observed action meeting an assessment's expectations gives it more support. Action damaging expectations for key boundaries and subsequent swings, or clearly fitting an alternative better, provides contrary evidence. Unoccurred events support neither side. As price merely approaches the lower boundary, observe whether a Spring develops; do not credit an unobserved Spring to accumulation. Before price tests the upper boundary, 'no SOS' usually means incomplete information.
Course content is for learning and research only. It is not investment advice.
Read the Chapter ↗Timestamps
7 lessons · Chapter contents
01Primary Hypotheses, Alternatives, and Neutrality↗02Two Interpretations of a Range After a Decline↗03Two Interpretations of a Range After an Advance↗04Supporting Behavior and Contrary Evidence↗05Persuasive Evidence Versus Repeated Labels↗06What Observations Distinguish the Two Explanations?↗07Updating, Deferring, Switching, and Not Trading↗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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Reaccumulation, Redistribution, and Complex Schematics
