Hello Traders!
Boy do I have a treat for you today!
What you are looking at here is a Schematic founded by the late Richard Wyckoff, a mogul to the history of technical analysis and stock trading or as most of us would refer to him as... the
"OG" of getting his paper up. As legend has it, Wyckoff being the savvy trader he was in the early 1900's, noticed that...
For some while now, we've seen ZSL making it way down, but for the past 460 days, institutions have been accumulating their orders and looking to take the asset up.
Confluences:
- We see a steady decrease in volume immediately after price reached selling climax
- Also after so many days of accumulating, institutions gave us a nice shakeout/spring which also...
Analyses of Trading Ranges (Stockcharts.com)
"One objective of the Wyckoff method is to improve market timing when establishing a position in anticipation of a coming move where a favorable reward/risk ratio exists.
Trading ranges (TRs) are places where the previous trend (up or down) has been halted and there is relative equilibrium between supply and demand....
