COURSE DURATION 3 two-hour sessions Price Structural Analysis plays a central role in the Wyckoff Method, and rightfully so. As Wyckoffians, we want to observe price and volume behavior in order to understand institutional motives expressed through trading range phases.
Understanding the intentions and market activities of large operators allows us to anticipate and capitalize on near- and longer-term momentum moves. Traders who can read these institutional signals can capture outsized momentum-based profits in both swing trades and campaigns.
In this course, Roman will explore how MOMENTUM and VOLUME – indicators of institutional presence – influence the evolution of Price Structures. We know that the Composite Operator establishes significant positions within trading ranges before allowing price to be marked up or down. Although this process occurs within a potentially infinite diversity of trading ranges, the forces exerted by institutional activity generate similar patterns of momentum and volume if you know what to look for.
In these sessions we will examine – in detail – recognizable momentum and volume patterns occurring within trading ranges and trending structures, as well as the trading opportunities afforded by this deep knowledge. To complete the picture, we will develop an integrated analytical roadmap to help you navigate and take advantage of these opportunities.
MOMENTUM allows us to observe the movement of big money in and out of stocks. We can detect short- and long-term changes in momentum that lead to specific price structural changes. We will construct sequences of momentum events that recur throughout the evolution of trading ranges – from Phases |A| to |E| – including stopping action, absorption, testing, and emergence of synchronicity between Effort and Result.
We will also analyze the development of momentum in each phase, as well as how long-term momentum develops from short-term momentum, allowing us to assess whether a change of behavior is sustainable. VOLUME increases and extremes represent conspicuous confirmations of institutional buying and selling. Combined with a key momentum definition and an understanding of price structures, variations in volume expose changes in institutional Effort and can act as an excellent timing tool for both swing and longer-term trades. PRICE STRUCTURE manifests specific behaviors by institutions in different Phases.
These behaviors can be visualized through momentum and volume. We will combine all of our observations into one logical path of how Accumulation or Distribution unfolds based on price structure, momentum and volume.