Here I am using 63Moons monthly chart to explain how Wyckoff Accumulation works. The Wyckoff Accumulation has 5 major phases.
Phase A - Stopping the previous trend
Phase A marks the stopping of prior downtrend.
The Preliminary Support(PS) indicates that some buyers are showing up but still not enough to stop the downward move.
The Selling Climax(SC) is...
This is the projection I had for EURNZD before, after BOS (break of structure), the price will go again to the bearish OB to continue with the movement.
Redistribution begins with volatility and ends with volatility. Typically a Selling Climax initiates the Redistribution process. The Redistribution process looks eerily similar to Distribution. A review of the process of Distribution could prove helpful (to study the Distribution process and schematics click here). On the ARMH case study; cover up everything to...
The chart structure perfectly fits the Richard Wycoff method of accumulation. All those who have bought shares of MOIL India at 207-200 kindly average your shares at around 170-160 range. This is a perfect setup for long term price movement.
