One objective of the Wyckoff method is to improve market timing when establishing a position in anticipation of a coming move where a favorable reward/risk ratio exists. Trading ranges ( TRs ) are places where the previous trend (up or down) has been halted and there is relative equilibrium between supply and demand . Institutions and other large professional interests prepare for their next bull (or bear) campaign as they accumulate (or distribute) shares within the TR
right now Institutions and other large professional interests prepare for their next bull campaign better buy conservatively at the dip
Comment: HOW to trade in the accumulation and distribution area
as a suggestion I propose using 15 minutes time frame and
buying when you see a bullish engulfing candle
sell when you see a bearish engulfing candle
take profit after 10 pips
sl 10 pips
Comment: Bollinger Band 50 can also increase the probability of getting the right engulfing candle
right now Institutions and other large professional interests prepare for their next bull campaign better buy conservatively at the dip
Comment: HOW to trade in the accumulation and distribution area
as a suggestion I propose using 15 minutes time frame and
buying when you see a bullish engulfing candle
sell when you see a bearish engulfing candle
take profit after 10 pips
sl 10 pips
Comment: Bollinger Band 50 can also increase the probability of getting the right engulfing candle