Here is an image of a Wyckoff Distribution Schematic: https://i.imgur.com/nOJl0Dd.png
Scroll down in this article to see more instructions on Wyckoff Distribution Schematics. There are two of them in this article. It would be worth while to study the entire article several times: http://stockcharts.com/school/doku.php?id=chart_school:market_analysis:the_wyckoff_method
Books by Wyckoff can be found here. However, make sure to scroll down till you see the name, Richard Wyckoff. MANY other books on trading can be found here as well. Excellent source of trading material FREE online: http://www.traders-software.com/Trading%20Books/
An excellent video to start with on teachings for Wyckoff by David H. Weis can be found here: "David Weis on Wyckoff, , and Waves" - https://www.youtube.com/watch?v=uzISUr1itWg&=&ytbChannel=BigMikeTrading
I will follow up LATER with charts that INCLUDE indicators. I've been up all night and feel lazy at the moment.
The REASONS you hear in this video should be PLENTY to help one understand how IMPORTANT it is to get as much of your capital out of the stock market as possible and INTO REAL ASSETS LIKE GOLD , SILVER and CRYPTO CURRENCY:
And this video by the same channel as well:
I have NO IDEA what her firm would recommend one to put their capital into. It's my recommendation to put it into PHYSICAL PRECIOUS METALS "IN YOUR HANDS" and a percentage in CRYPTO. I do not agree with that lady in regards to Crypto.
It's not looking good. We are down 9% from ATH and still falling. The BIG "smart" money is getting out with premium profits while the small foolish man takes the hit.
A look at the 1-Month Time Frame:
A look at the 15-Day Time Frame:
1929 1 Month TF:
Today 1 Month TF:
Actually, We never entered Phase E at all in 2016. Phase E is NOT mandatory. What determines a phase E is determined mainly by the laws of supply and demand in collocation with fundamental analysis.
NO BODY will have seen a bear market like the one we are about to see. EVER...
Still believe the "Mark-Up Phase continues?"
Sure, you're welcome...
Yes, I really like, Mike's stuff.