Nifty 50 IndexLong
WHYKOFF SCHEMATICS
Market is accumulating get ready for the uptrend.
The Wyckoff market cycle phases are accumulation, markup, distribution, and markdown. Essentially, the phases represent the behavior of traders and can reveal the direction of a stock’s future price movement.
Generally speaking, the accumulation phase forms as institutional investors increase their buying and drive demand. As more interest develops, the trading range displays higher lows as prices position themselves to move higher. With buyers gaining power, prices push through the upper level of the trading range. At this markup phase, a chart will show a consistent upward trend.
The Wyckoff market cycle phases are accumulation, markup, distribution, and markdown. Essentially, the phases represent the behavior of traders and can reveal the direction of a stock’s future price movement.
Generally speaking, the accumulation phase forms as institutional investors increase their buying and drive demand. As more interest develops, the trading range displays higher lows as prices position themselves to move higher. With buyers gaining power, prices push through the upper level of the trading range. At this markup phase, a chart will show a consistent upward trend.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.