WY-06-28 / 02
Tests, LPS/LPSY, Breakout Retests, and Trend Continuation
Decisions, Execution & Validation
Lesson / WY-06-28
A Spring is a downward penetration of support in a possible accumulation range followed by a rapid return inside. Its context should include a stopped decline, recognizable range boundaries, and no sustained acceptance below the range. The Spring itself can be an early participation point, but a limit fill while the probe is still falling cannot be treated as a completed Spring in advance. A more robust trigger comes when price recovers support and exceeds local resistance. If there is a separate test, examine whether its decline and trading activity contract, support holds, and price strengthens again.
Course content is for learning and research only. It is not investment advice.
Read the Chapter ↗Timestamps
10 lessons · Chapter contents
01Analytical Bias, Trading Opportunity, and Entry Trigger↗02Tests, LPS/LPSY, Breakout Retests, and Trend Continuation↗03Early, Confirmed, and Retest Participation↗04Price Advantage, Information, and Potential Risk↗05Hypothesis Invalidation, Discretionary Exit, and Protective Stops↗06Market, Limit, and Stop Orders↗07Risk Budget, Unit Risk, and Position Sizing↗08Multipliers, Minimum Ticks, Currencies, Costs, and Nonlinear Products↗09Portfolio Correlation, Concentration, and Abnormal-Market Contingencies↗10A Complete Trading Plan↗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
