定位Locate
先把行为放回市场位置与原趋势。Return the behavior to its market location and prior trend.
WYCKOFF KNOWLEDGE INDEX
先找到概念， 再走完证据链Find the concept, then follow the evidence chain
这里不是孤立的术语表。每个概念都连接核心解释、课程、历史案例、错误复盘与练习，让知识可以被验证和使用。This is not an isolated glossary. Every concept connects to its explanation, course, historical case, error review, and practice.
- 18
- 核心知识点Core topics
- 6
- 课程Courses
- 28
- 案例Cases
- 12
- 复盘Reviews
读证据Read evidence
比较量、价差、收盘与后续跟随。Compare volume, spread, closing location, and follow-through.
看案例Study cases
用原始时间戳验证结构如何演化。Use original timestamps to verify how the structure evolved.
做练习Practice
写出候选、确认、替代与失效条件。Write the candidate, confirmation, alternative, and invalidation.
TOPIC INDEX
从一个术语，进入完整证据链Start with one term and follow the full evidence chain
完整价格循环Complete market cycle
把吸筹、上涨、派发与下跌放在同一条供需循环中理解。Read accumulation, markup, distribution, and markdown as one supply-demand cycle.
价格循环market cyclemarkupmarkdown
吸筹Accumulation
原下跌趋势停止后，观察供应是否被吸收、需求是否取得控制。After a downtrend stops, test whether supply is absorbed and demand gains control.
accumulation吸收供应阶段A阶段B
派发Distribution
原上涨趋势停止后，观察需求是否被吸收、供应是否取得控制。After an uptrend stops, test whether demand is absorbed and supply gains control.
distribution吸收需求顶部区间阶段A
再吸筹Reaccumulation
上涨趋势中的中继区间；重点检查高位供应是否被再次吸收。A continuation range in an uptrend that tests whether supply is absorbed again.
reaccumulation上涨中继再次吸筹JOC
再派发Redistribution
下跌趋势中的中继区间；重点检查低位需求是否被再次吸收。A continuation range in a downtrend that tests whether demand is absorbed again.
redistribution下跌中继再次派发SOW
弹簧Spring
价格短暂跌破支撑后收回；必须结合回收、测试和后续需求确认。A temporary break below support that must be judged by re-entry, testing, and demand confirmation.
spring弹簧假跌破阶段C
上冲回落Upthrust after distribution
价格短暂突破阻力后回到区间；必须等待供应跟随而非只看突破失败。A temporary break above resistance that needs supply follow-through, not merely a failed breakout.
UTADupthrust上冲回落假突破
强势信号Sign of strength
需求推动价格有效离开区间，并以价差、成交量和跟随证明进展。Demand drives price away from the range with spread, volume, and follow-through.
SOSsign of strength强势信号需求
弱势信号Sign of weakness
供应推动价格有效跌离区间，并通过反弹无力与后续跟随得到验证。Supply drives price lower and is confirmed by weak rallies and follow-through.
SOWsign of weakness弱势信号供应
最后支撑点Last point of support
需求取得控制后，回测中供应收缩并守住关键位置。After demand gains control, a pullback shows contracting supply and holds the key area.
LPSlast point of support最后支撑点回测
最后供应点Last point of supply
供应取得控制后，反弹中需求收缩并受阻于关键位置。After supply gains control, a rally shows contracting demand and fails near the key area.
LPSYlast point of supply最后供应点反抽
努力与结果Effort versus result
比较成交量投入与价格推进是否匹配，并等待后续市场行为验证解释。Compare volume effort with price progress, then wait for later behavior to validate the reading.
effort vs result努力与结果放量不涨缩量不跌
因果原则Cause and effect
交易区间储存因，趋势兑现果；区间长度不能直接机械换算成目标。A trading range builds cause and a trend realizes effect; range length is not a mechanical target formula.
cause and effect因果原则交易区间横盘
特性改变Change of character
价格推进方式、成交量、价差和节奏相较此前出现连续且可验证的变化。A sustained and testable change in price progress, volume, spread, and rhythm.
change of characterCHoCH特性改变行为改变
多周期权限Multi-timeframe authority
大周期定义位置，中周期识别结构，小周期提高观察精度；周期冲突时降低置信度。Higher timeframes define location, middle timeframes define structure, and lower timeframes refine observation.
multi timeframe多周期周期冲突时间框架
确认与失效Confirmation and invalidation
每个结构解释都必须写出确认链、替代情景与能够推翻它的行为。Every structural reading needs a confirmation chain, alternative scenario, and observable invalidation.
invalidation失效条件确认链替代情景
错误优先复盘Error-first review
把方向、执行、风险与结果分开，先找出系统在哪一步失效。Separate direction, execution, risk, and outcome to locate exactly where the process failed.
错误复盘执行不完美做错trade review
历史证据链Historical evidence chain
用原始时间戳区分事前判断、过程更新和事后结论，不用结果倒写过程。Use original timestamps to separate ex-ante judgment, updates, and hindsight without rewriting the process from the result.
证据链历史案例before after原始时间戳