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Wyckoff quizzes


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Wyckoff quizzes

  #1 (permalink)
 rgakalo 
Baku, Azerbaijan
 
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Hi, I plan to post here Wyckoff quizzes. These will be just plain price action charts with volume and Weis Wave indicators. I love answering Wyckoff quizzess myself and hope that some Wyckoff enthusiasts will benefit from my posts. All quizzes are taken either from my demo or simulated trading.

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  #2 (permalink)
 rgakalo 
Baku, Azerbaijan
 
Experience: Intermediate
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Quiz #1: Up or down?


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  #3 (permalink)
TheFish
Rockville MD USA
 
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Looks like accumulation to me, but I would have to back test for confirmation.

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  #4 (permalink)
 
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 forrestang 
Chicago IL
 
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rgakalo View Post
Quiz #1: Up or down?


Must an up or down vote be rendered, or is it sufficient to wait?

Sidelines for current picture.

Looking forward to next quiz.

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  #5 (permalink)
 rgakalo 
Baku, Azerbaijan
 
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forrestang View Post
Must an up or down vote be rendered, or is it sufficient to wait?

Sidelines for current picture.

Looking forward to next quiz.

I'd appreciate votes/opinions of course, it is more interesting and conversational this way.

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  #6 (permalink)
 
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 forrestang 
Chicago IL
 
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rgakalo View Post
I'd appreciate votes/opinions of course, it is more interesting and conversational this way.

I mean, is it sufficient to say, I don't see an up or down yet?

I.e., the choice you gave is UP or DOWN. Can I say "neither"?

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  #7 (permalink)
 rgakalo 
Baku, Azerbaijan
 
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forrestang View Post
I mean, is it sufficient to say, I don't see an up or down yet?

I.e., the choice you gave is UP or DOWN. Can I say "neither"?

Yes, of couse, sorry, I didn't get your point from the first post. However, I won't be posting neutral charts. I mean, if I post it, I find it either bearish or bullish.

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  #8 (permalink)
TheFish
Rockville MD USA
 
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With volume building and failure to create a new low in the current channel is what makes me think it's accumulation. If we look at it from a TA standpoint it's forming a bull flag. I would like to see what it looks like with the Weis Wave and then I would have a full picture.

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  #9 (permalink)
 Miesto 
Monte Carlo, Monaco
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Could be distribution but it's too early to tell. We need to see LPSY and SOW (Phase C & D) before going short. Middle of the rang, can go either way, so we wait. Could also be re-accumulation. If buying comes in we might see a breakout to the upside, but careful, can be an Upthrust.

We did not break the low of the last swing to the upside yet, so strictly still in an uptrend.

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  #10 (permalink)
 rgakalo 
Baku, Azerbaijan
 
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Quiz #1: answer.

The chart looks quite bearish to me. Market made several attempts to go up and each time wasn't able to make a new high. The most bearish feature on this chart is 9th bar from the right. It has huge volume and yet wasn't able to make a new high in such a favorable conditions. 151.00 is a safe place for a stop. I was very cautious because of vertical buying area on the chart and expected some reaction from the bottom of the trading range, but it never happened.



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