Phase A stops the prior trend (climax, automatic move, secondary test). Phase B builds the "cause" with tests of both sides. Phase C is the test: a spring in accumulation or a UTAD in distribution. Phase D is the move toward the range edge (SOS/LPS or SOW/LPSY). Phase E is the trend out of the range.
How traders use it: Phases help a trader say "where are we in this range?" rather than guess direction from one candle.
Common mistake: Forcing a phase label onto a chart that does not show the events clearly.
Related: Wyckoff accumulation · Wyckoff distribution
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Concepts only. Education only, not financial advice. No pattern on this site has a published win rate.