this is trade review

For those who know zip about Wyckoff:

Richard Wyckoff was a pioneer of technical analysis. While Dow contributed the theory that price moves in a series of trends and reactions, and Schabacker classified those movements into chart patterns, developed gap theory, and stressed the role of trader behavior in the development of patterns and support/resistance, Wyckoff contributed the study of the relationship between volume and price movement to detect imbalances between supply and demand, which in turn provided clues to direction and potential turning points. By also studying the dynamics of consolidations or horizontal movements, he was able to offer a complete market cycle of accumulation, mark-up, distribution, and mark-down*, which was in large part the result of shifts in ownership between retail traders and professional money....

Unfortunately, it’s the SMI translation, unless it’s changed dramatically. The “real” Wyckoff method is that which was written by Wyckoff. If it’s changed, then it becomes something else, like adding a moustache to the Mona Lisa.

I don't mean to be rude but what exactly is this "REAL WYCKOFF METHOD" which is mentioned and how is it any different from the one offered by the SMI group ? And how did you find out ?

Cheers

Super.

I'm not sure that is supply you point out on your chart. Notice how the down wave volume went from 400+k to 100+k? Also, notice price itself in the way that it was moving. More horizontal to down than down. I think it too could be effort vs. result.

D

The one written by Wyckoff himself in the first half of the 20th century.

https://cdn3.traderslaboratory.com/forums/attachments/131/6500d1211046697-introduction-dtb-1919.pdf
https://cdn3.traderslaboratory.com/forums/attachments/131/29677d1341085619-wyckoff-resources-tape-reading-active-trading.pdf