Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.
Showing 4 terms
A framework from the early 1900s for reading accumulation and distribution from price and volume alone.
It addresses a constraint that has not changed: a large buyer cannot buy quickly without destroying their own price. Take volume away and it becomes drawing boxes on a chart.
Wyckoff's device of reading all large, informed buying and selling in a stock as though it were the work of one deliberate operator.
A useful fiction, because the constraint underneath it is real: size cannot be accumulated quickly, so it has to happen slowly and leaves a signature.
In Wyckoff analysis, the break above the top of an accumulation range on expanding volume and wide-range candles.
Accumulation is complete and markup begins. It is the first point in the sequence most people can act on with reasonable odds.
In Wyckoff analysis, a brief dip below the support of a range that triggers the stops resting there and is reclaimed within a few sessions.
The one part of the framework that makes a falsifiable, time-bound prediction. If support is not reclaimed quickly, the thesis is dead and you exit without interpreting anything.