WY-06-27 / 04
Charts and Information Required for Each Test
Decisions, Execution & Validation
Lesson / WY-06-27
Tests 1 and 9 require P&F charts with explicit parameters, plus candlesticks to verify the counted structure and actual obstacles ahead. Buying Test 2 and Selling Test 3 require continuous candlesticks, volume, and subsequent tests for stopping events. Buying Test 3 and Selling Test 2 require paired swings and volume with identical coverage, sessions, and granularity. Buying Test 4 and Selling Test 5 use same-scale trend-line charts; Buying Tests 5–6 and Selling Tests 6–7 use swing-high and swing-low sequences. Buying Test 7 and Selling Test 4 require synchronized instrument and broad-market or suitable benchmark prices and the RS ratio. Test 8 requires the full range sequence: candlesticks explain event development and P&F explains horizontal composition. Volume market coverage, trading sessions, and contract-continuation methods must be consistent.
Course content is for learning and research only. It is not investment advice.
Read the Chapter ↗Timestamps
7 lessons · Chapter contents
01The Nine Tests Within the Five-Step Method↗02The Nine Buying Tests Explained↗03The Nine Selling Tests Explained↗04Charts and Information Required for Each Test↗05Recording Satisfied, Not Satisfied, and Not Yet Assessable↗06Classic Tests and This Course's Trading Conditions↗07Organizing Results into Primary and Alternative Scenarios and Waiting Conditions↗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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Relative Strength and Opportunity Screening
Point-and-Figure Charts and Price Target Estimation
