These accumulation or distribution cycles can be recognized on any time chart. The time chart that you use will have a lot to do with how much you want to risk.
Accumulation and distribution patterns are rarely uniform in how they present. The only way to get used too seeing the, is through hours of practice and pattern recognition training using the replay/backtest feature. It's more important to get reps of replay practice than the methodology you use. Anyone that has ben following me long enough knows where I am coming from and how I believe the wyckoff principle are the base template of how to read a chart. But that is not the only way. There are pattern analysis people who can trade price action alone. However, I do strongly believe this leaves them at a disadvantage... again, my opinion.
If you havent already taken a look at the wyckoff accumulation and distribution schematics, you can look at them for free through a web search. For a long time I would search endlessly for the perfect pattern. but thats not how they look in the real world. It just takes practice and maybe it being pointed out which I try to do on all my posts.
You can find these on any time frame but I would suggest starting on the weekly and daily. The reason is that if you see price just left an accumulation cycle on the daily, you will likely want to look for a long entry... its too much to get into here.
But if you do want to tighten your understanding of TA:
Pete Faders VSA channel on youtube is always the best place to start. But here are other free resources.
Sources of education:
Richard Wyckoff
Tom Williams Volume spread analysis VSA/ Master the Markets
Pete Faders VSA*
Sam Seiden (supply and demand)
Read the ticker dot com
Wyckoff analytics
PsychFX
MentFX
Element 15 trades (bitchute/odessy)
Avoid buying into weakness/supply/resistance
Avoid selling into strength/demand/support
Avoid entry when price is in middle of a range (phase B)
Accumulation and distribution patterns are rarely uniform in how they present. The only way to get used too seeing the, is through hours of practice and pattern recognition training using the replay/backtest feature. It's more important to get reps of replay practice than the methodology you use. Anyone that has ben following me long enough knows where I am coming from and how I believe the wyckoff principle are the base template of how to read a chart. But that is not the only way. There are pattern analysis people who can trade price action alone. However, I do strongly believe this leaves them at a disadvantage... again, my opinion.
If you havent already taken a look at the wyckoff accumulation and distribution schematics, you can look at them for free through a web search. For a long time I would search endlessly for the perfect pattern. but thats not how they look in the real world. It just takes practice and maybe it being pointed out which I try to do on all my posts.
You can find these on any time frame but I would suggest starting on the weekly and daily. The reason is that if you see price just left an accumulation cycle on the daily, you will likely want to look for a long entry... its too much to get into here.
But if you do want to tighten your understanding of TA:
Pete Faders VSA channel on youtube is always the best place to start. But here are other free resources.
Sources of education:
Richard Wyckoff
Tom Williams Volume spread analysis VSA/ Master the Markets
Pete Faders VSA*
Sam Seiden (supply and demand)
Read the ticker dot com
Wyckoff analytics
PsychFX
MentFX
Element 15 trades (bitchute/odessy)
Avoid buying into weakness/supply/resistance
Avoid selling into strength/demand/support
Avoid entry when price is in middle of a range (phase B)