Foundations
Wyckoff's method rests on four axioms that cannot be bypassed without corrupting everything above them. What counts as valid evidence, what must be ignored, and why those rules are unconditional.
The Three Laws
Supply, demand, and cause-and-effect are not concepts -- they are measurable forces visible in price and volume. How each law operates and why violating any one makes campaign reading impossible.
Structural Constructs
Before price or volume can be read, the market must be organized into units that carry meaning. The mental models -- Composite Operator, trend channels, market position -- that make the tape legible.
Wave Chart and the Four Basic Analytical Factors
The Wave Chart and Four Basic Factors form the foundation of every analytical judgment. How the instruments of Wyckoff analysis are constructed, calibrated, and read for evidence of operator intent.
Trend Analysis
Trend channels define the geometry of a campaign. Stride lines, overbought and oversold positions, hinge formations, and how price geometry determines both entry timing and danger zones.
Volume Analysis
Volume is the only direct evidence of buying and selling force. Reading volume against price spread, identifying divergences that signal exhaustion, and the patterns that precede the most reliable moves.
Technical Position and the Springboard
Technical position is the synthesis verdict -- where is this stock relative to its optimal entry moment? Scoring all analytical factors and identifying the Springboard setup that precedes a campaign.
Figure Chart Analysis
Figure charts measure the lateral cause that a campaign will ultimately express. Count mechanics, counting zones, projecting objectives, and assessing reward-to-risk before committing to a position.
Comparative Strength and Weakness Analysis
No stock trades in isolation. Comparing stocks to sector and market, how relative strength and weakness reveal operator activity, and the three-tier drill-down that determines which campaign deserves capital.
Campaign Reading
Where all prior analytical work converges into one question: is there a campaign, and is it enterable? Synthesizing trend, volume, position, and figure objectives into a structured go/no-go verdict.
Bullish Phase Maneuvers
Accumulation, markup, and the transition to distribution each contain named events that recur across markets. Every bullish maneuver -- from Preliminary Support through Sign of Strength -- with the evidence that identifies each.
Bearish Phase Maneuvers and Refinements
Distribution and decline produce mirror events to the bullish sequence, plus refinements that appear in both directions. Every bearish maneuver and the failure modes that arise when standard labels do not hold.