WY-05-23 / 06
What Observations Distinguish the Two Explanations?
Continuation and Complex Structures
Lesson / WY-05-23
Specify location, direction, analytical timeframe, and expected result for the next observations. 'Watch what happens next' has no diagnostic value. 'If a trading-timeframe pullback holds the upper-boundary zone and the following rise clears the pre-retest high, reaccumulation becomes more likely' states what to await. Also predetermine whether boundaries are lines or zones and whether confirmation uses closes or intraday structure.
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
