The Nine Tests are the final entry filter: a structured checklist that all prior analysis must pass before a position is taken. Each test, its evidence threshold, and how to quantify reward-to-risk before committing capital.
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.
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.
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.
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.
