[Tannism]

I am still studying "on the springboard".

The first chart snippet is from Wyckoff's "Determining the Trend" as discussed on page 3. He writes that he is illustrating "on the springboard".

Is the area marked 2 (for 2nd best place to buy) on the CAT chart an example of on the springboard?

I am thinking both charts show a period of preparation, then little variation in closes for a few days.


Thanks,
TannisM