A quién sirve esta entrada — The «easy» pullback after SOS: demand rests without losing control — classic zone to enter or add longs.
Fuente: Wyckoff Schematics (Pruden, MTA 2006); Wyckoff Analytics. Evans: «back up to the edge of the creek» after JAC.
Prerrequisitos
Sign of Strength (SOS), Accumulation phases A–E (phase D).
Definition
In plain terms — After a strong rally (SOS), price pulls back slightly with little volume and few sales. Last favourable chance to board before the stock leaves the range.
The Last Point of Support (LPS) is the low of a reaction (pullback) after SOS, typically on reduced volume and spread.
- Can appear more than once in phase D
- «Last» means the last favourable point before price leaves the range toward markup (phase E)
- Subsequent LPS in markup signal add or trail
Technical reading
| Feature | «Clean» LPS | Weak LPS |
|---|---|---|
| Volume | Low vs SOS | High |
| Spread | Narrow | Wide |
| Support | S/R flip (ex creek/resistance) | Support lost |
| Follow-up | New rally | Sideways or decline |
Ejemplo — SOS carries price to €56. Pullback to €53 (ex creek at €52) on volume −40% vs the SOS. Valid LPS — long with a stop at €51.50.
Support/resistance flip
LPS support often coincides with former resistance (creek or range top) — classic S/R flip. Demand «defends» the newly conquered level.
Operational use
| Action | When | Stop |
|---|---|---|
| Initial entry | First LPS after spring + SOS | Below LPS or spring |
| Add | Subsequent LPS in phase D/E | Below most recent LPS |
| Trail | LPS in markup | Below last LPS |
Integration with five steps: LPS + index turn = step 5 confirmed.
Caution — LPS without prior SOS is not Wyckoff LPS — just a pullback in an immature range.
Symmetric
Last Point of Supply (LPSY) in distribution — weak bounce after SOW, short zone.
Summary card
| Abbr. | LPS |
| Phase | D (accumulation), then E |
| Pair | SOS → LPS |
| Symmetric | LPSY |