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Wyckoff quizzes


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Wyckoff quizzes

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  #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
 
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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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 forrestang 
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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)
 forrestang 
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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)
 Mich62 
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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.

211224_184130_Clipboard

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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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