Wyckoff Trading Strategy: How to Profit from Market Cycles and Chart Patterns 2023 #shorts #crypto

Wyckoff’s observations on price action coalesced into what’s known as the Wyckoff market cycle. It’s a theory that outlines key elements in price trend development that are marked by periods of accumulation and distribution. Four distinct phases comprise the cycle: accumulation, markup, distribution, and markdown. Wykoff also defined rules to use in conjunction with these phases. These rules can further help to identify the location and significance of price within the broad spectrum of uptrends, downtrends, and sideways markets.

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