Wyckoff Buying and Selling Tests for Accumulation

Wyckoff Buying and Selling Tests for Accumulation
Wyckoff Buying Tests for Accumulation
Downside price objective accomplished – P&F chart
Preliminary support, selling climax, secondary test – Bar and P&F charts
Activity bullish (volume increases on rallies and diminishes during reactions) – Bar chart
Downward stride broken (that is, supply line or downtrend line penetrated) – Bar or P&F chart
Higher lows – Bar or P&F chart
Higher highs – Bar or P&F chart
Stock stronger than the market (that is, stock more responsive on rallies and more resistant to reactions than the market index) – Bar chart
Base forming (horizontal price line) – Bar or P&F chart
Estimated upside profit potential is at least three times the loss if the initial stop-loss were hit – P&F and bar charts

Wyckoff Selling Tests for Distribution
Upside objective accomplished – P&F chart
Activity bearish (volume decreases on rallies and increases on reactions) – Bar and P&F charts
Preliminary supply, buying climax – Bar and P&F charts
Stock weaker than the market (that is, more responsive than the market on reactions and sluggish on rallies) – Bar chart
Upward stride broken (that is, support line or uptrend line penetrated) – Bar or P&F chart
Lower highs – Bar or P&F chart
Lower lows – Bar or P&F chart
Crown forming (lateral movement) – P&F chart
Estimated downside profit potential is at least three times the risk for if the initial stop-order were hit – P&F and bar charts