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 . Institutions and other large professional interests prepare for their next bull (or bear) campaign as they accumulate (or distribute) shares within the TR
Comment: HOW to trade in the accumulation and distribution area
as a suggestion I propose using 15 minutes time frame and
buying when you see a bullish engulfing candle
sell when you see a bearish engulfing candle
take profit after 10 pips
sl 10 pips
Comment: Bollinger Band 50 can also increase the probability of getting the right engulfing candle
Comment: HOW to trade in the accumulation and distribution area
as a suggestion I propose using 15 minutes time frame and
buying when you see a bullish engulfing candle
sell when you see a bearish engulfing candle
take profit after 10 pips
sl 10 pips
Comment: Bollinger Band 50 can also increase the probability of getting the right engulfing candle