MT / WYCKOFF
The Wyckoff Method
From first principles and price-volume analysis to accumulation, distribution and trading decisions.
From first principles and price-volume analysis to accumulation, distribution and trading decisions.
Read each chapter and its charts in sequence, or start with a question and return to the wider structure.
Chapters
What the Wyckoff Method Studies
The Composite Operator Model and Strategic Interaction in Trading
The Law of Supply and Demand: Understanding Price Changes
The Law of Cause and Effect: Trading Ranges and Subsequent Moves
The Law of Effort versus Result: Interpreting Price and Volume
The Price Cycle: Accumulation, Markup, Distribution, and Markdown
The Wyckoff Five-Step Method: From Market Context to Trading Conditions
A Fresh Look at a Single Candlestick
Understanding Volume
From Single Candlesticks to Swing Comparisons
Trends, Channels and Trading Ranges
Testing, Absorption and Exhaustion
The Accumulation Structure and Phase A
Phase B: Tracking Supply and Demand Within the Range
Phase C: Springs and Supply Tests
Phase D: Signs of Strength and Last Points of Support
Phase E, Trend Continuation, and Invalidation of the Accumulation Hypothesis
The Distribution Structure and Phase A
Phases B and C: Upthrusts, UTAD, and Demand Tests
Phases D and E: SOW, LPSY, and the Developing Decline
Why Distribution Assessments Fail
Reaccumulation, Redistribution, and Complex Schematics
Why the Same Range Can Have Different Interpretations
Multiple Timeframes and Conflicting Assessments
Relative Strength and Opportunity Screening
Point-and-Figure Charts and Price Target Estimation
The Nine Buying and Selling Tests and Trading Scenarios
Entry, Stops, Position Sizing, and a Complete Trading Plan
Position Management, Review, and Rule Validation
Analysis and Trading Decisions Within a Complete Structure
Updating Decisions as Price Action Unfolds
Failed Structures, Ambiguity, and Reasons to Decline a Trade
Volume Profile and Trade Location
