Wyckoff Re-Accumulation Schematic
Remember that these are schematic patterns, meaning price action could have a similar trajectory, but it is important to learn about the characteristics of each phase and how to determine the differences in each one. Volume is a huge component of Wyckoff so see below for my favorite free resources to help learn more about Wyckoff:
Wyckoff Re-Accumulation Schematic (Wyckoff Anatomy of a Trading)
#BTCUSD
Phase A: Shows Buying Climax stopping previous up move and more pronounced preliminary support and selling climax facilitating accumulation into stronger hands.
Phase B: Inconclusive evidence but does show us evidence of rally on good spread and volume.
Phase C: Shows final low on diminished volume compared to ST and holds support area above climax low. Move off of low shows pattern on expanding spread and volume.
Phase D & F: Continues pattern of Demand in Control.
Wyckoff Re-Accumulation Schematic (Wyckoff Anatomy of a Trading)
#BTCUSDPhase A: Shows Buying Climax stopping previous up move and more pronounced preliminary support and selling climax facilitating accumulation into stronger hands.
Phase B: Inconclusive evidence but does show us evidence of rally on good spread and volume.
Phase C: Shows final low on diminished volume compared to ST and holds support area above climax low. Move off of low shows pattern on expanding spread and volume.
Phase D & F: Continues pattern of Demand in Control.
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