: The bearish counterpart to a spring, where a move above resistance fails to sustain and reverses downward.
The book provides actionable techniques for identifying high-probability turning points by analyzing the struggle between supply and demand. Trades About to Happen
: A process where one side (buyers or sellers) overcomes the opposing force, often signaling a breakout is imminent. : The bearish counterpart to a spring, where
: A "false breakdown" where price dips below a support level but fails to follow through, leading to an upward reversal. : A "false breakdown" where price dips below
While grounded in Wyckoff’s 20th-century principles, Weis introduces updated tools for modern intraday and daily price movement.
: Using support/resistance lines, trend lines, and channels not as rigid boundaries, but as tools to frame price/volume behavior and highlight market intent. Modern Adaptations
by David H. Weis is a definitive guide on using price and volume analysis to navigate today's volatile markets. Based on the classic work of Richard Wyckoff, the book moves away from rigid mathematical indicators, focusing instead on developing a "trained judgment" to read market behavior directly from bar and wave charts. Core Trading Concepts