Wyckoff on SPX

I hope this helps some Im not expert of trading or anything as everyone no matter how good they think they are has something more they can learn, but Ive come a long way from what my charts used to be they're becoming more and more accurate every time i post as i continue to learn markets and the way they move.

This also works during an accumulation period as well thus why i think BTC is not done going down yet. On the SPX we have a distribution pattern forming with good volume to prove such.

PSY—preliminary supply
BC—buying climax
AR—automatic reaction
ST—secondary test
UT—upthrust
SOW—sign of weakness
LPSY—last point of supply
UTAD—upthrust after distribution

Now in this example Ive shown a pre-emptive example of the UTAD where as it could possible be the LPSY or the last point of supply and not continue past the previous UT or Up Thrust

The AR and ST are Lines of support where as the BC and UT are lines of resistance the way the market is acting this looks to be a very typical Wyckoff pattern where as it wont be EXACTLY perfect to the chart Ive given it should make the same movements. so trade wisely if you're not confident in time frames please use only shorting and longing methods on the individual stock instead of the options and I hope everyone is able to make some money cheers all

CryptoLeroy out!

評論:

Ok just to point out the actual SPX chart is on the left the Diagram I have drawn in Yellow is just to show the example and to explain how the wyckoff theory looks throughout the different phases. the placement of the yellow diagram has nothing to do with the actual price of the index itself.
The "We are Here" portion is showing where we are relative to the diagram.

Here is the chart without the diagram attached

交易進行:

so far so good id expect a bounce to be right around the corner to start creating a bear flag

交易進行:

so far so good