Module 4
Wyckoff & Price Action Roots
Where smart money ideas come from. Richard Wyckoff's method of reading accumulation and distribution explains the logic behind liquidity grabs and order blocks.
- 1
Wyckoff's three laws
Supply and demand, cause and effect, and effort versus result.
- 2
The composite operator
Thinking of the market as one large participant, and why that model is useful.
- 3
Accumulation schematic
The phases of a bottoming range, from selling climax to markup.
- 4
Distribution schematic
The phases of a topping range, from buying climax to markdown.
- 5
Springs and upthrusts
The false breaks at the edge of a range that often start the real move.
- 6
Effort vs. result
Comparing volume and spread to spot absorption and exhaustion.
- 7
From Wyckoff to SMC
How sweeps, order blocks and premium/discount map onto Wyckoff's phases.