WY-06-27 / 07
Organizing Results into Primary and Alternative Scenarios and Waiting Conditions
Decisions, Execution & Validation
Lesson / WY-06-27
The primary scenario organizes supporting evidence into a testable account with restrained causal claims. A bottom scenario might state: the old downside objective has entered its candidate zone; price has stopped declining one-way and formed a base; advances progressively improve relative to pullbacks; the downward stride has broken; and the instrument retains relative market strength. If the next retest holds the specified structure and price subsequently exceeds the local high within the pullback and resumes rising, prepare to assess a long trigger. Every statement corresponds to a test and chart fact.
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
