Brief Discussion of More Complex Wyckoff Accumulation Schematics
The purpose of this publication is simply to point out we may begin to see more complex Accumulation and POSSIBLY more complex Re-Accumulation Schematics in the future; consisting of TWO TIERS (Upper for Accumulation and Lower for Liquidation). This may become the "norm..."
I'll post a few screenshots shortly...
Stay Awesome!
David
I'll post a few screenshots shortly...
Stay Awesome!
David
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Phase A marks the stopping of the prior downtrend. Up to this point, supply has dominanted. The diminishing of supply is evidenced when we see preliminary support (PS)
and a selling climax (SC). These events are often very obvious on bar charts, where widening spread and heavy volume depict the transfer of huge numbers of coins from the
public to large professional interests. Once these intense selling pressures have been relieved, an automatic rally (AR), consisting of both institutional demand for coins; as
well as short-covering, typically ensues. A successful secondary test (ST) in the area of the Selling Climax will usually show less selling than previously and a narrowing of
spread with decreased volume. The Second Test generally stops at or above the same price level as the SC. If the ST goes lower than that of the SC, one can anticipate either
new lows or prolonged consolidation; but not always. The lows of the Selling Climax and the Second Test and the high of the Automatic Rally set the boundaries of the Trading
Range. Horizontal lines may be drawn to help focus attention on market behavior within that Trading Range. Sometimes the downtrend may end less dramatically, WITHOUT a
climactic price drop and increased volume action. In order to provide a more distinct charting landscape with a better indication that large operators have definitively initiated
accumulation; we prefer to see the Preliminary Support, Selling Climax, Automatic Rally and Second Test of Support.
When in a re-accumulation Trading Range (which occurs during a longer-term uptrend of Phase E), the points representing PS, SC and ST are not evident in Phase A. Rather,
in such cases, Phase A resembles what’s more typically seen in distribution rather than accumulation. Phases B-E generally have a shorter duration and smaller amplitude in
Re-Accumulation, but are ultimately similar to, those in the primary accumulation base. This information is from school.stockcharts.com website.
Phase A marks the stopping of the prior downtrend. Up to this point, supply has dominanted. The diminishing of supply is evidenced when we see preliminary support (PS)
and a selling climax (SC). These events are often very obvious on bar charts, where widening spread and heavy volume depict the transfer of huge numbers of coins from the
public to large professional interests. Once these intense selling pressures have been relieved, an automatic rally (AR), consisting of both institutional demand for coins; as
well as short-covering, typically ensues. A successful secondary test (ST) in the area of the Selling Climax will usually show less selling than previously and a narrowing of
spread with decreased volume. The Second Test generally stops at or above the same price level as the SC. If the ST goes lower than that of the SC, one can anticipate either
new lows or prolonged consolidation; but not always. The lows of the Selling Climax and the Second Test and the high of the Automatic Rally set the boundaries of the Trading
Range. Horizontal lines may be drawn to help focus attention on market behavior within that Trading Range. Sometimes the downtrend may end less dramatically, WITHOUT a
climactic price drop and increased volume action. In order to provide a more distinct charting landscape with a better indication that large operators have definitively initiated
accumulation; we prefer to see the Preliminary Support, Selling Climax, Automatic Rally and Second Test of Support.
When in a re-accumulation Trading Range (which occurs during a longer-term uptrend of Phase E), the points representing PS, SC and ST are not evident in Phase A. Rather,
in such cases, Phase A resembles what’s more typically seen in distribution rather than accumulation. Phases B-E generally have a shorter duration and smaller amplitude in
Re-Accumulation, but are ultimately similar to, those in the primary accumulation base. This information is from school.stockcharts.com website.
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Phase B: Serves the function of “building a cause” for a new uptrend (see Wyckoff Law #2 – “Cause and Effect”). In Phase B, institutions and large professional interests are
accumulating relatively low-priced inventory in anticipation of the next markup. The process of institutional accumulation may take a long time (sometimes a year or more).
This involves purchasing coins at lower prices and checking advances in price with short sales. There are usually multiple STs during Phase B but not always; as well as
upthrust-type actions at the upper end of the Trading Range. Overall, the large interests are net buyers of shares as the TR evolves, with the goal of acquiring as much of
the remaining floating supply as possible. Institutional buying and selling imparts the characteristic up-and-down price action of the trading range. Early on in Phase B, the
price swings tend to be wide and accompanied by high volume. As the professionals absorb the supply, however, the volume on downswings within the Trading Range tends
to diminish. Once it appears that supply is likely to have been exhausted, the coin is ready for Phase C. This information is from school.stockcharts.com website.
accumulating relatively low-priced inventory in anticipation of the next markup. The process of institutional accumulation may take a long time (sometimes a year or more).
This involves purchasing coins at lower prices and checking advances in price with short sales. There are usually multiple STs during Phase B but not always; as well as
upthrust-type actions at the upper end of the Trading Range. Overall, the large interests are net buyers of shares as the TR evolves, with the goal of acquiring as much of
the remaining floating supply as possible. Institutional buying and selling imparts the characteristic up-and-down price action of the trading range. Early on in Phase B, the
price swings tend to be wide and accompanied by high volume. As the professionals absorb the supply, however, the volume on downswings within the Trading Range tends
to diminish. Once it appears that supply is likely to have been exhausted, the coin is ready for Phase C. This information is from school.stockcharts.com website.
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Phase C: Is when the coin price goes through a decisive test of the remaining supply, allowing the “smart money” operators to ascertain whether the stock is ready to be
marked up. We may see Wyckoff “Spring;” which is usually (but not always) a price move below the support level of the Trading Range (established in Phases A and B) that
quickly reverses and moves back into the Trading Range. It is an example of a bear trap because the drop below support appears to signal resumption of the downtrend.
In reality, though, this marks the beginning of a new uptrend, trapping the late sellers (bears). In Wyckoff's method, a successful test of supply represented by a “Spring”
(or a shakeout) provides a high-probability trading opportunity. A low-volume spring (or a low-volume test of a shakeout) indicates the coin is likely ready to move up.
So, this would be a good time to initiate at least a partial long position. The appearance of a “Sign of Strength” shortly after a “Spring” (shakeout) validates the analysis.
It’s important to note that testing of supply can occur higher up in the Trading Range without a spring or shakeout; when this occurs, the identification of Phase C can be
very challenging. This information is from school.stockcharts.com website.
marked up. We may see Wyckoff “Spring;” which is usually (but not always) a price move below the support level of the Trading Range (established in Phases A and B) that
quickly reverses and moves back into the Trading Range. It is an example of a bear trap because the drop below support appears to signal resumption of the downtrend.
In reality, though, this marks the beginning of a new uptrend, trapping the late sellers (bears). In Wyckoff's method, a successful test of supply represented by a “Spring”
(or a shakeout) provides a high-probability trading opportunity. A low-volume spring (or a low-volume test of a shakeout) indicates the coin is likely ready to move up.
So, this would be a good time to initiate at least a partial long position. The appearance of a “Sign of Strength” shortly after a “Spring” (shakeout) validates the analysis.
It’s important to note that testing of supply can occur higher up in the Trading Range without a spring or shakeout; when this occurs, the identification of Phase C can be
very challenging. This information is from school.stockcharts.com website.
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Phase D: If we are correct in our analysis, what should follow is the consistent dominance of demand over supply.
This is evidenced by a pattern of advances (SOSs) on widening price spreads and increasing volume, as well as
reactions (LPSs) on smaller spreads and diminished volumes. During Phase D, the price will move at least to the
top of the TR. The BU/LPS in this phase is an excellent place to initiate or add to profitable long position.
Phase E: In Phase E, the asset leaves the TR, demand is in full control and the markup is OBVIOUS to everyone.
Setbacks, such as shakeouts and more typical reactions, are usually short-lived. New, higher-level TRs comprising
of both profit-taking and acquisition of additional coins (“re-accumulation”) by large operators can occur at any
point in Phase E. These TRs are sometimes called “stepping stones” on the way to even higher price targets.
This information is from school.stockcharts.com website.
This is evidenced by a pattern of advances (SOSs) on widening price spreads and increasing volume, as well as
reactions (LPSs) on smaller spreads and diminished volumes. During Phase D, the price will move at least to the
top of the TR. The BU/LPS in this phase is an excellent place to initiate or add to profitable long position.
Phase E: In Phase E, the asset leaves the TR, demand is in full control and the markup is OBVIOUS to everyone.
Setbacks, such as shakeouts and more typical reactions, are usually short-lived. New, higher-level TRs comprising
of both profit-taking and acquisition of additional coins (“re-accumulation”) by large operators can occur at any
point in Phase E. These TRs are sometimes called “stepping stones” on the way to even higher price targets.
This information is from school.stockcharts.com website.
评论:
UPDATE:
The Wyckoff Method: A Tutorial - school.stockcha...ts.com/doku.php?id=market_...
Wyckoff Market Analysis - school.stockcha...ts.com/doku.php?id=market_...
Wyckoff Stock Analysis - school.stockcha...ts.com/doku.php?id=market_...
The Wyckoff Method: A Tutorial - school.stockcha...ts.com/doku.php?id=market_...
Wyckoff Market Analysis - school.stockcha...ts.com/doku.php?id=market_...
Wyckoff Stock Analysis - school.stockcha...ts.com/doku.php?id=market_...
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UPDATE:
I noticed this video is not playing. I just issued a support ticket. Hopefully, they get it to playing soon like the one that had issues a couple of weeks ago.
Thank you for your patience and Stay Awesome!
David
I noticed this video is not playing. I just issued a support ticket. Hopefully, they get it to playing soon like the one that had issues a couple of weeks ago.
Thank you for your patience and Stay Awesome!
David
评论:
UPDATE:
This video publication is now viewable. THANK YOU, TradingView support for getting this fixed in an efficient and timely manner!
Stay Awesome!
This video publication is now viewable. THANK YOU, TradingView support for getting this fixed in an efficient and timely manner!
Stay Awesome!
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UPDATE:
BTCUSD (Top); DXY (Middle); GOLD (Bottom) in 5-Week Time Frames:
BTCUSD (Top); DXY (Middle); GOLD (Bottom) in 5-Week Time Frames:
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UPDATE:
The PURPOSE of posting these three (3) together in multiple time frames is simply to point out we must not assume BTCUSD and GOLD are completely correlated. We must also not assume if the Dollar goes up that BTCUSD must go down along with GOLD. To the contrary, BTCUSD can go up WITH the Dollar while GOLD goes down.
BTCUSD (Top); DXY (Middle); GOLD (Bottom) in 4-Week Time Frames:
BTCUSD (Top); DXY (Middle); GOLD (Bottom) in 3-Week Time Frames:
BTCUSD (Top); DXY (Middle); GOLD (Bottom) in 2-Week Time Frames:
The PURPOSE of posting these three (3) together in multiple time frames is simply to point out we must not assume BTCUSD and GOLD are completely correlated. We must also not assume if the Dollar goes up that BTCUSD must go down along with GOLD. To the contrary, BTCUSD can go up WITH the Dollar while GOLD goes down.
BTCUSD (Top); DXY (Middle); GOLD (Bottom) in 4-Week Time Frames:
BTCUSD (Top); DXY (Middle); GOLD (Bottom) in 3-Week Time Frames:
BTCUSD (Top); DXY (Middle); GOLD (Bottom) in 2-Week Time Frames:
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