mnbvc188199/Warrior_EA
Watch
1
0
Fork
You've already forked Warrior_EA
 2
forked from animatedread/Warrior_EA
Code Pull requests Activity
Warrior_EA/docs/Wyckoff/books/FIGURES.md
AnimateDread d6b34b0483 wyckoff research, unconcluding as always.
2026-10-05 21:58:23 -04:00

31 KiB
Raw Permalink Blame History

FIGURES - canonical Wyckoff schematics, read from the PNG renders

Source: pages_fr\pNNN.png (French "Metodologia Wyckoff en profundidad", FR) and pages_w2\pNNN.png (Wyckoff 2.0, W2). Citations use the FILE number pNNN. IMPORTANT: for FR the printed page number = file number - 10 after the front matter (file p072 = printed 62, file p237 = printed 227, file p238 = printed 228). The digests are inconsistent: fr_001-052, fr_105-156 use file numbers; fr_053-104, fr_157-208, fr_209-240 mostly cite PRINTED numbers (so "p93 Selling Climax" = file p103; "p206 phase-A take profit" = file p216; "Annex 1/2" = files p237/p238). W2 printed = file number. Price convention below: range bottom (Creek/Ice support line, green) = 0, range top (resistance, red) = 1. Volume: H = high, M = medium, L = low. Time in relative units, whole structure A..E = 100. Pages viewed: 77 (50 FR, 27 W2).

0. Master pattern: the four-phase price cycle (FR p015)

Sequence: accumulation range (flat) -> uptrend (staircase, rising) -> re-accumulation (flat pause inside uptrend) -> uptrend -> distribution (flat top) -> downtrend -> redistribution (flat pause inside downtrend) -> downtrend. Each range drawn with a red top line and green bottom line; trend legs drawn as steep stair-steps. Ranges are roughly equal width in time to 1/3 of the preceding trend leg. Cycle repeats. W2 p108 (Steidlmayer 4 stages): Trend (vertical, shaded red, long) -> Stop (short orange block at the end where range limits are set) -> Sideways/latéralisation (yellow, horizontal, about as long as the stop+trend legs) -> Transition (green, price exits range, either reversal or continuation). Up to stage 3 the volume profile is a "p" or "b" shape. W2 p068 (five-step roadmap, coloured blocks): 1 Stop of previous trend (red, left edge) -> 2 Cause construction (orange, widest block, ~60% of range time) -> 3 Evaluation of the opposition (yellow, narrow, at the bottom edge = the shakeout) -> 4 Trend move INSIDE the range (green, rising from the low through the top line) -> 5 Trend move OUT of the range (blue, above).

1. ACCUMULATION (after a decline)

1a. Canonical accumulation with stock-transfer bubbles (FR p072 = printed 62, "Echange de stock dans accumulation")

Ordered events with levels (bottom 0, top 1), relative time (0..100) and volume:

# label t price volume
1 downtrend, three descending "weak hands" red bubbles (shrinking) 0-15 falling from ~1.9 to 0.1 volume rising through the fall
2 PS (Preliminary Support), green bubble 12 ~0.35 above final low H (relative)
3 SC (Selling Climax) 20 0 (defines range bottom) H, tallest bar of the chart (first and biggest spike)
4 AR (Automatic Rally), small red bubble 25 1.0 (defines range top) H then falling
5 ST (Secondary Test) 30 ~0.05 near SC low, slightly above L-M, clearly below SC
6 UA (Upthrust Action) 40 ~1.15 (marginally above AR, dotted line) M
7 ST as SOW (test at bottom, "strong hands" green bubble) 50 ~ -0.02 to 0.05 L-M
8 Phase B chop between 0.1 and 0.9, sometimes quick rallies with small red bubble 40-70 volume dwindles steadily (lowest in the structure around the middle)
9 Spring (very big green bubble) 70 -0.35 below range low medium-low, not a spike; volume lowest of the structure near it (bars shrink at the Spring then rise)
10 Test of Spring 74 ~ -0.05..0.05 L
11 LPS 78 ~0.25 (higher low) L-M
12 SOS / JAC (Jump Across the Creek) 85 1.35 (above Creek) H, climbing bars
13 BU/BUEC (Back Up to the Edge of the Creek) 90 ~1.0 (retest of Creek) L
14 LPS then SOS continuing 95-100 1.2 -> 1.7 M-H
Volume shape of the whole: giant spike cluster at PS/SC (left), then decline to a minimum at the Spring, then rising on the break (bars grow after Spring test). Creek (red line) = AR high; "Ice" equivalent = green line.

1b. Same, with phase brackets (FR p166-p172, files; Phase A..D drawn with vertical dashed lines)

  • p176 (printed 166) Phase A = PS, SC, AR, ST. Layout: PS (0.35), SC (0), AR (1.0), ST (0.05); dashed vertical after ST; range then continues.
  • p178 (printed 168) Phase B = adds one UA at about t=0.5 (peak above AR line, ~1.1), then chop.
  • p180 (printed 170) Phase C = Spring (about -0.25) followed by "Test of the Spring" (~0.05) at t 0.85, between two vertical dashed lines (phase C is narrow, ~8% of time).
  • p182 (printed 172) Phase D = JAC (top peak ~1.3), then BUEC (~1.0), phase D ~12% of width; then Phase E = trend out. Overall widths: A 15%, B 45%, C 8%, D 12%, E 20%.

1c. Phase-A building blocks, one per chart

  • Preliminary Support (FR p096, printed 86): falling channel with three "Potencial Preliminary Support" labels (each a small stall at a lower low, ~20% bounce) then "Preliminary Support" at the last stall before the SC. Inset candles: long red bars with volume rising, then wide-range bar with volume spike then a green bar.
  • Selling Climax (FR p103, printed 93): same channel, PS labels then Selling Climax at the lowest low (price pierces below the channel's lower line), then rally to the red line, range follows. Inset: three candle patterns = (a) many red bars then a long lower-wick reversal bar with H volume, (b) one wide red bar H volume then green, (c) hammer with big wick.
  • Selling Exhaustion (FR p105, printed 95): same decline, but volume DECAYS to the right (black arrow) instead of spiking; last low labelled "Selling Exhaustion" with no volume spike; later volume rises only in the AR/ST. Mirror: Buying Exhaustion (FR p108, printed 98) in an up-channel: potential PSY x2, PSY, Buying Exhaustion at the top, volume falling arrow, range (red top, green bottom) then breakdown.
  • AR (FR p114, printed 104): PS -> SC -> sharp rally to the red line; volume huge at PS/SC, falls through the rally; later range with volume low at the right. Mirror (FR p116, printed 106, Automatic Reaction): up-channel PSY (~0.45 of the move), BC at top, AR is a sharp drop to green line, then range, then break down; volume peak at BC then declining.
  • ST in accumulation (FR p118, printed 108): PS (volume H), SC (volume tallest), AR, ST returning to the SC area on clearly smaller volume and narrower range; then Phase B chop with falling volume, Spring, volume rise at the exit.
  • Distribution Secondary Test types (FR p125, printed 115): after PS and SC (stall at the bottom?), AR mediocre (small up move), ST, Upthrust (UT, marginally above top, dotted), mSOW at the bottom, breakdown through the green line. Rule shown: "weak AR with little displacement = lack of buyer interest".

1d. Accumulation failed / ambiguous (W2 p019, p053-054)

W2 p019 (failed accumulation): PS, SC, AR, ST, Spring, then a SOS reaching 1.2 with "?" and a dotted OBJ line; a labelled arrow "volume decreases during the structure" (left to right) and "volume increases in the breakout" (rising bars at the right). Narrative: after the SOS price fails at BUEC and structure turns distributive. W2 p053-054 (four mini-schematics, same bare structure: down move, range 0..1, Spring below): (a) price goes up from the range middle to just below the top and is crossed with a red X, also a second red X for a fall to below the range: "we do not know the horizon"; (b) after Spring, price rallies and rejects below 1.0 = OK tick, dotted target ~1.35; (c) after Spring, price reaches 1.2 then returns to 1.0 (the BUEC) = OK; (d) same, dotted projection continues. The text beneath = the two unknowns (intent/horizon of the current mover; whether a larger trader steps in at the post-breakout test).

1e. Sloped structures (W2 p031-p041, p035 etc., schematic reads)

  • Upsloping accumulation (W2 p031-032): after Phase A (SC at 0, AR ~0.9 on the channel), highs and lows rise (UA, ST above AR bottoms), Spring a bit above the channel bottom, then JAC/BUEC and trend. Channel rises about +0.3 per 1.0 of range height over the structure. "Strength" variant, volume heavy only in A, decaying through B and C.
  • Downsloping accumulation (W2 p035): bearish channel; SC at start, AR, ST, then lower highs/lows each travelling a shorter distance (SOT), Spring at the channel bottom (~ -0.1), JAC piercing the falling Creek, BUEC. Volume high in A, shrinking in B, rising at the exit. Weakest cumulative variant: "latent weakness".
  • Downsloping distribution (W2 p038): BC at top-left, AR, ST, UT, mSOW, UTAD at the falling red line, LPSY, SOW, then Ice break (red/green lines falling together). Phase labels A..E. Volume in B alternates, spikes at SOW/MSOW at the right.
  • Upsloping distribution (W2 p041): BC then ST, UT/mSOW rising, "STUAD" at the very top, mSOW (minor), ICE (rising line), LPSY, final SOW. Highs ascend but lows descend initially ("force then weakness"), volume spikes at BC and UTAD.

2. RE-ACCUMULATION (inside an uptrend) - FR p078 (printed 68)

Two stacked structures drawn as one series. Left: normal accumulation with SC, AR, ST, ST as SOW, Spring, Test, LPS, then SOS/JAC and BU/BUEC (a small structure inside the first). Then the uptrend leg and a re-accumulation: PSY (red bubble), BC (red "weak hands"), AR, ST, then Spring-like "Shakeout" (green big bubble) at the bottom of the second range, Test, and finally SOS/JAC, BU/BUEC, LPS, SOS. Re-accumulation differs from accumulation only in start: PSY/BC are the "stop an up move" events, the range has a RISING context. Range width of the second structure about 0.5 of the first one; shakeout depth about -0.35. Volume: re-accum range volume LOWER than the first; spike at BC, falling through B, small spike at Shakeout, rising at exit. Ordinary Shakeout (FR p144, printed 134, mid-trend): in an uptrend, small pause at the "green line" (a local ledge ~0.2 of previous leg), one wide-range down candle pierces the ledge, volume variable (high/medium/low) and recovers; at the right, trend resumes. Entry-type label: "Ordinary Shakeout".

3. DISTRIBUTION (after an advance) - FR p081 (printed 71, "Echange de stock dans distribution")

# label t price volume
1 uptrend, 3 growing strong-hands bubbles (green) at the bottom 0-20 rising 0 -> 1 rising
2 PSY (Preliminary Supply), red bubble 20 ~0.55 of the range H
3 BC (Buying Climax), big red bubble 28 1.0 (the range top) H, tallest spike
4 ST (secondary test, "ST") 35 ~0.9..1.0 L-M
5 AR (automatic reaction) 31 0 (range bottom, green line "ICE" is drawn at ~0.05) M-H
6 mSOW (minor Sign of Weakness) 45 ~ -0.05, test of ICE from above M
7 UT (Upthrust), big red bubble 55 ~1.05 (slightly above red line, dotted) H bar
8 second mSOW 62 ~0.05 M
9 UTAD (Upthrust after Distribution), very big red bubble 75 1.15-1.2 (above the highest high), then a "Test" H bars at the UTAD, rising
10 LPSY (first), then price drops through ICE 82 0.7 H on the drop
11 MSOW (Major Sign of Weakness) 88 -0.1..0 (breakdown through ICE) H
12 LPSY (second, retest from below ICE) 92 ~0.3 L
13 MSOW, trend down 100 going -0.7 H
Volume shape: high in the BC cluster, falling in B (consolidation), rising again from the UT/UTAD onward, highest on the breakdown (bars at the right clearly taller than the left). Weak/strong hands bubbles: weak (red) at the highs, strong (green) at the lows during the rally (it flips in the redistribution).

UTAD detail (FR p146, printed 136, "Gráfico 59"): PS(upply) -> BC (marked ahead of the AR) -> AR -> ST ("Secondary Test") -> UT -> minor SOW -> UTAD (peak at ~1.15, clearly above the BC high) -> price dives through ICE. Volume: BC tall, UT moderate, UTAD bars medium-to-high. Distribution is drawn with an up-channel in front of the BC. Minor UTAD (FR p147, printed 137): dotted horizontal lines at the previous local highs (0.85..0.9 of range): the shakeout reaches the earlier local highs but not the BC top; price then falls through the lower line. Rule: a UTAD is a Phase C test whether or not UTs occurred before (distribution already underway).

4. REDISTRIBUTION (inside a downtrend) - FR p086 (printed 76)

One series: distribution at top-left (PSY, BC, ST, AR, UT, UTAD, LPSY, mSOW/MSOW) -> fall -> a second range lower (PS, SC "Manos fuertes" green bubble, ST, AR, UT, UTAD with big red bubble, LPSY, MSOW) -> final trend down with LPSY/MSOW. The second range is as wide as the first range and is a pause: red bubbles at its highs, green at its lows. Volume: bars drop and pick up on the second range; breakdown bars high. Charts: EUR/USD (FR p226, printed 216, "distribution without shakeouts": phases A-E, minor UTAD at relative highs, strong falls, structure VPOC at the middle of the range) and Google (FR p232, printed 222: distribution 2018, decline, accumulation Q4 2018-Q1 2019, uptrend).

5. PHASE C EVENTS: SPRING, SHAKEOUT, UPTHRUST

5a. How a Spring looks (FR p134, printed 124, "Comment la secousse apparait")

Three forms, all penetrate the green support (0) and recover: (1) single candle, hammer: one candle wicks below the line and closes above it (drawn as a green candle with a long lower shadow); (2) two-candle pattern: a red bar closes below the line, the next green bar is bigger and closes back above it; (3) minor structure: a small range (3-5 swings) sitting at the line, with its own lows below the support, then rally. The larger the pierced liquidity, the better.

5b. Three Spring types (FR p140, p142, p143 = printed 130, 132, 133)

  • Spring #1 / Terminal Shakeout: depth about -0.5 below bottom; spike volume (the tallest bar of the structure) with very wide range; recovers in a single leg to the Creek.
  • Spring #2: depth -0.25..-0.35; moderately higher volume than the bars around it and moderate range; tests follow.
  • Spring #3: depth only -0.1 (shallow, near the line); volume shrinks (lower than the preceding bars), narrow ranges, gentle drift lower; "supply exhaustion", buy directly. Also the "small Spring" inside the range (higher than the support) = more underlying strength. Ordering of risk: #3 tradable immediately; #1 and #2 need a test.

5c. Break and confirmation (FR p150-152 and p162)

Bullish break + Change of Character (FR p150, printed 140): PS, SC, AR, ST, Spring (at 0 - 0.3), then a framed box (yellow) from the Spring through SOS: Sign of Strength reaching +1.4 and pulling back = Change of Character (the second ChoCh; first = at the Reaction). ChoCh box spans from the origin of Phase C to the end of Phase D. Volume rises into the SOS (taller bars). Break without volume (FR p152, printed 142): inset = four green bars of growing size and growing volume = effective break; main chart: descending dotted channel inside the range (supply drying up), Spring dip, then up through the red line at 1.0. Failed break (FR p165, printed 155): after the SOS breaks the red line, sustained high and constant volume across large candles, then large red candles that re-enter the range = "Re-entry in the range" = shakeout/UT, not a break. Rule: after-break volume should shrink on the pullback. Confirmation (FR p162, printed 152): SOS at 1.2 then LPS at ~1.0 (BUEC). Annotated chart: PS, SC, AR, ST, Spring, SOS, LPS; volume bars highest at SC and again at the SOS (right). BUEC trade (FR p167, printed 157): inset = a bullish impulse (3 bars), a 4-5 bar low-volume pullback (volume bars at about 40-50% of the impulse), then a large green SOS bar with the biggest volume at the end of the inset; three order markers: Buy Stop above the SOS bar high, Buy Market at its close, Buy Limit around the bar midpoint (the pullback). The chart behind: break above Creek, pullback to Creek (BUEC), rally.

6. SIGNS OF STRENGTH/WEAKNESS BARS AND CHANGE OF CONTROL

  • FR p203 (printed 193): uptrend of green bars growing in size; "Dernier SOS Bar" (the last big green bar at the top); two small reds; then a big red bar closing below the low of the last SOS bar = "SOW Bar" = inversion, control to sellers. Dotted line drawn from the SOS bar's low across to the SOW bar's close.
  • FR p205 (printed 195): mirror: downtrend of red bars, small bodies at the bottom, "Dernier SOW Bar" (last big red), then a big green SOS bar closing above its high = control to buyers.
  • FR p160 (printed 150, "SOW Bar"): range with UT; the shot of a minor candle sequence: three green bars rising with increasing volume, a red bar (H volume), then small green/red bars with DECREASING volume ("Bougie test No Demand", arrow down the volume), then the "SOW Bar" = a big red bar with volume spike. Three test types marked on the chart: test of the UTAD (at the top, above the range), test after break (just under the broken range bottom), test of the trend (a small retrace in the downtrend after a few bars).
  • FR p208 (printed 198, order types): bars decline, three small reds/greens then a big green SOS bar; Buy Stop above its high, Buy Market at close, Buy Limit lower inside the bar body. Mirror = Sell Limit/Market/Stop (listed on p209, text-only).
  • FR p130 file (printed 120, "Test in selling operational positions"): "Bougie test No Demand" inset: rising green bars with increasing volume, a red bar, a narrow green bar with the LOWEST volume of the previous two ("No Demand"), then SOW bar (red, volume bar high again).

7. PRICE-VOLUME HARMONY / DIVERGENCE (Effort vs Result)

  • FR p062 (printed 52): candle sequence: three green bars rising with bigger volume (blue bars rising), then a red bar and two red bars with the volume plateau = the "Precio/Volumen" basic chart.
  • FR p064 (printed 54) summary table, full content (header row: Suggestion | In development of a candle | Next move | In development of moves | By waves | Reaching key levels):
    • Harmony row 1: large volume developing a wide candle | high volume on a bullish candle that raises price | high volume in an impulse | growing wave in an impulse | high volume that breaks the level.
    • Harmony row 2: low volume developing a narrow candle | high volume on a bearish candle that lowers price | low volume in a pullback | decreasing wave in a recession | low volume that does not break the level.
    • Divergence row 1: large volume developing a narrow candle | high volume on a bullish candle that does NOT raise price | low volume in an impulse | decreasing wave in an impulse | high volume that does not break the level.
    • Divergence row 2: low volume developing a wide candle | high volume on a bearish candle that does NOT lower price | high volume in a pullback | growing wave in a recession | low volume that breaks the level. (Note: the digest summary of p227 swapped a few cells; this is the table as printed, and the printed p64 and p227 agree: divergence row 1 "next move" = high-volume bullish candle that does not raise price; row 2 = high-volume bearish candle that does not lower price.)
  • FR p237 (Annex 1 rotated, same table, printed 227): identical to above; rotated 90 degrees clockwise.
  • FR p068 (printed 58, Weis waves): Harmony = up waves with bigger green volume bars than the red down waves, and impulse waves increasing left to right (1,2,3 growing), corrections small. Divergence = up waves with decreasing green volume (the last green wave smaller than the earlier ones) and red waves growing (the largest red at the end).
  • W2 p064 (Weis, with JAC): Harmony: wave volume grows into a JAC (green waves rising, last tall) = valid break; Divergence: the break above resistance made on a tiny Weis wave = JAC? with red X. Right after: Spring followed by a big bearish wave back into the range = potential UT.

8. PHASE-A PROFIT TAKING AND TWO-STRUCTURE CHART (FR p216, printed 206)

Left: accumulation PS?, SC, AR, ST, Spring, SOS (1.2), LPS (1.0), then trend up. Right (boxed in yellow, label "Phase A"): BC at the top (~1.5), AR, ST: Phase A of distribution/re-distribution = take profit area; Change of Character label above the AR/ST. Rule: after a trend, the PSY/BC, AR, ST sequence is enough to close the position (also uses the "significant bar" and "reversal" concepts above). Protocol of five steps (FR p199/p201 are text; the diagram printed 189-190 corresponds to W2 p068 above).

9. STOP LOSS PLACEMENT FIGURES

  • FR p211 (printed 201, Spring test stop): inset: down bars, wide-range green SOS bar at the bottom, then drift; "Stop Loss under the SOS bar" (just below its low) vs "Stop Loss under the minimum of the Spring" (further below); chart behind: range, Spring (-0.3), rally.
  • FR p212 (printed 202, minor structure entry): box with a small re-accumulation (labelled "Local reaccumulation as LPS", mini Spring/SOS/JAC), "Stop Loss under the minimum of the structure" (grey line at the mini structure's low).
  • FR p213 (printed 203, break-test): inset: a Creek line, impulse up (3 green bars), small red/green pullback bars crossing the Creek from above, then a big green SOS bar; "Stop loss under the SOS bar and the broken Creek".
  • FR p207 file (printed 197) is text only (R:R 1:3 example, 1% rule).

10. TRADE-OPPORTUNITY TABLE (FR p238 = Annex 2, printed 228, rotated)

Columns: Type | Phase C (entry in the shakeout; entry in the shakeout test; entry at the last point of support) | Phase D (entry in trend move inside the range; entry in the breakout test) | Phase E (entry in the trend move out of range).

  • BUY: shakeout = Spring #3; shakeout test = test of Spring #1 and #2; last point = Last Point of Support. Phase D inside = SOS bar; minor re-accumulation structure; minor Spring. Breakout test = Last Point of Support; "No Supply" test bar. Phase E = SOS bar; minor re-accumulation structure; Ordinary Shakeout.
  • SELL: shakeout = Upthrust with no volume; test = test of Upthrust; last point = Last Point of Supply. Phase D inside = SOW bar; minor redistribution structure; minor Upthrust. Breakout test = Last Point of Supply; "No Demand" test bar. Phase E = SOW bar; minor redistribution structure; Ordinary Upthrust.

11. REAL CHARTS (FR p222, p224, p226, p232, W2 p032/p035 examples)

  • S&P 500 weekly re-accumulation (FR p222, printed 212, TradingView): phases A-E marked; Buying Exhaustion (red arrow at the volume bar), volume decaying (black arrow), a red circle at the Shakeout volume, volume rising again at the break (arrow), final decay at the right edge (second black arrow). Volume profile at the right with the VPOC near the structure middle.
  • GBP/USD 8h re-accumulation w/o shakeout (FR p224, printed 214): PSY high volume, Buying Exhaustion, long volume decay arrow to LPS, a green square on the volume bars at Phase D (waves flip bullish), VPOC at the center.
  • EUR/USD distribution (FR p226): see section 4. Google cycle (FR p232): see section 4.
  • BTC upsloping accumulation (W2 p032): steep drop with huge volume in the green box on the left, then a narrow rising box, volume profile at the right with HVN/VPOC above which price waits.

12. VOLUME PROFILE / AUCTION FIGURES (W2)

  • W2 p108: four stages (see section 0).
  • W2 p152 (HVN/LVN): staircase of stacked boxes: price rises in steps, each HVN box (red outline) is an old balance area; LVN = valleys between them (thin profile) = zones of rapid transit and rejection.
  • W2 p166 (P and b profiles, Steidlmayer): left chart "b" shape = a long thin vertical profile above/below then a bell: price falls (thin tail on top) then forms a bell at the bottom = accumulation Phases A/B; right "P" = bell at the top after a rally = distribution. Both are early stages: the trend leg builds the tail, the stop builds the bell. A range (red top, green bottom) drawn across the bell.
  • W2 p184 (text of the b intraday example): five numbered steps: price falls and migrates to the VPOC (1), turns around it = non-continuity (2), time consumption (3), change of character up with imbalance (4), test of the old VPOC zone = buy (5).
  • W2 p197 (5.8.5 operational summary): two charts with a profile on the left (value area shaded, red VPOC line, grey VAH/VAL): "Trading de fourchette" = buy VAL / sell VAH inside; "Trading de réversion" = price re-enters from outside toward value; "Trading de continuation" = break outside VA, retest holds. Chart 1 bullish (outside-above), chart 2 bearish mirrored.
  • W2 p222-223 (7.1 context analysis, ideal accumulation with profile): three numbered opportunities: (1) range-extreme trades at Spring/low area; (2) after the Spring price recovers value area, a test toward the top; trade inside the range; (3) after leaving the value zone, wait for the test after breakout above the Creek / above VAH; (4) while in mid-trend, wait for a pullback away from the value zone. Boxes: "Contexto de fourchette" (orange box around the range), "Context de tendance" (green box on the right).
  • W2 p237-238 (scenario planning): ONE movement = price is already positioned, wait for a single push into the trading zone (potential Spring: single move down to the test then buy trigger; profile on the left, red VPOC at mid-range); TWO movements = wait for a first move (bullish breakout out of the value area, 1) and a second test (2), then trigger (arrow up). If instead price re-enters and rejects it creates an Upthrust: switch to short.

13. SHORTENING OF THE THRUST (SOT) AND STRUCTURAL FAILURE (W2 p026-p027, p023-p025, p060)

  • W2 p026: two mini-charts: left, downtrend of 3 successive lows, each leg shorter (green trendline under the lows) then rebound to a high marker; right, uptrend of 4 highs with legs shrinking (orange trendline over highs) then a drop. Rule: minimum 3 thrusts (>4 caution).
  • W2 p027: a range (red resistance line at ~0.85, green support) with numbered points 1, 2 = two short thrusts to the red line along ascending trend lines (orange/green); ends with a break down = structural failure of strength (price does not reach the opposite end).
  • W2 p060 (structural failure): box with PS, SC, AR, ST ..., a Spring inside a range, then a LPS with a red X below the support (no Spring below the bottom), and a UA tested above; "JAC?", "BUEC?" marked as pending, Phases A-E labelled. Rule: failing to reach the bottom after a top test = LPS instead of Spring, favour BUEC and long.
  • W2 p056 (type of Secondary Test, two small charts): range split by a horizontal dotted line at 0.5: ST in the lower half (or below the low) = weakness at the bottom; ST ending in the top half or above the top = lower resistance (strength). Chart 1: PS at 0.35, SC at 0, AR at 1.0, ST at -0.1 (below low) = weakness; chart 2: ST near the top (0.8) = strength.
  • W2 p064 / p068: see sections 7 and 0.
  • W2 p073 (minor in major): text page. Digest already covers.

14. ORDER-FLOW / FOOTPRINT EXAMPLES (W2 p207-p212; footprint bitmaps barely legible at this resolution, so numbers come from captions)

  • W2 p208 (bullish reversal absorption + initiative): candle with Delta -536 (absorption on the lower part of the bar, massive BID orders blocked); next small green candle with weak imbalances and small delta = not yet a reversal; real reversal later.
  • W2 p209: large red candle with Delta -312 with absorption, then a bullish initiative candle with ASK imbalances, relative high volume and Delta +607 = two-candle reversal; price turns up.
  • W2 p212: first chart: mid-uptrend after a bullish reversal; large bullish candle, good volume, positive delta; the imbalance level (blue box) coincides with candle VPOC extended to the right; price returns above it, two-candle reversal with good delta rotation; second chart: bearish candle with big move and large negative delta = aggressive sellers. W2 p207: two contiguous candles with ASK imbalances on the upper side, then a BID imbalance at the top and a SOWbar closing low; delta +197 then -171.

DIGEST GAPS FIXED

  1. W2 p103-105 "three variables": the list that fr/w2 digest 53-104 says is "beyond this shard" is PRICE (prix), TIME (temps), VOLUME. W2 p103 introduces "4.1.1 Variables - the auction process is value-driven; to decipher where value is evaluate three additional elements", p104 PRICE = discovery tool; moves up/down explore levels; if participants see price as fair, trade occurs; if not, rejection. TIME = the market uses time to regulate how long an opportunity is available; very little time spent in areas advantageous to one party; an efficiency/equilibrium zone consumes MORE time, an inefficiency/imbalance zone consumes LESS time. p105 VOLUME = activity/quantity traded; reveals interest or lack of it at levels; rule: the more active a zone, the higher the value attributed. Price + Time + Volume = Value: price discovers new levels, time consumption suggests acceptance, volume generation confirms participants have created a new value zone. Conditions change so continuous re-evaluation; knowing where value is defines market condition and the operational ideas.
  2. W2 p053-054 failed-scheme figures (digest said "figures not captured"): see section 1d: four schematics (two red-X outcomes, two green-tick outcomes) for the "two unknowns".
  3. FR p208-209 order-type list seam: p208 lists Market (aggressive entry at last price crossed) and Stop (passive entry in favour of the move). The list continues on p209: Limit orders = enter passively against the move (counter-current). Sell side is shown as three labels "Sell Limit, Sell Market, Sell Stop". The author then stresses to quantify the entry trigger and backtest each entry method (Market/Stop/Limit) because performance differs.
  4. Rotated tables (FR p237 = Annex 1, p238 = Annex 2): transcribed in sections 7 and 10. Annex 1 and p064 (printed 54) are the same table; the digest p227 transcription shuffled the harmony/divergence rows slightly (see correction in section 7).
  5. Page-number convention: see top of this file.
  6. W2 p019/p023-p027 (digest 001-052) were read from captions only; section 1d/13 now carries the actual drawings.

SYNTHETIC-GENERATION RECIPE (summary of the above)

Accumulation (bars 0..100): decline with 3 PS stalls -> SC (0, vol peak x3 baseline) at t=20 -> AR to 1.0 t=25 (vol 2x) -> ST at 0.0..0.1 t=30 (vol 0.6x of SC) -> Phase B 0.1..0.9 chop with UA to 1.1 around t=40, volume decays to 0.4x -> Spring (depth per type #1/#2/#3: -0.5/-0.3/-0.1; vol 3x/1.5x/0.5x) at t=70 -> test t=75 (vol 0.3x) -> LPS t=78 (0.3) -> SOS/JAC to 1.3 t=85 (vol 2x) -> BUEC to 1.0 t=90 (0.5x) -> trend. Distribution: mirror vertically: PSY, BC top (vol peak), AR to 0, ST, UT at 1.05, mSOW at 0.05, UTAD 1.15-1.2, LPSY, breakdown through ICE with MSOW (vol 2-3x), second LPSY retest from below. Re-accumulation/redistribution: same events but start after a trend leg; range width ~ half of the previous leg; PSY/BC replaces PS/SC in the re-accumulation start.