For those that want to have a quick overview of the Wyckoff Method Good Introduction
For the TLDR of even the intro - the Wyckoff Method is a set of discretionary techniques that enable the student to observe the imbalances in supply or demand.
I have spent a lot of time reading and digesting the Wyckoff Method. Wyckoff wrote a two part course in sometime around 1930. The first section is over 400 pages and addresses how to trade stocks using a daily chart and use point and figure charts to project price moves. The second part is just under 100 pages addresses “tape reading and active trading”. I’ve already read most of the primary VSA material. I have read Wyckoff material by Hank Pruden and David Weis. I’m sure I’m missing a few but my version of Wyckoff is some sort of child of these combined works. I took what made sense to me and tried to remove the rest.
So my version - there are three things I use to analyze the market.
I use, supply and demand lines, trend channels, reverse trend channels and horizontal support and resistance lines to show market structure.
I use the high, low, close and spread of the bar to understand market behavior. The position of the close, the height of the bar, the relationship to other bars and bar groupings all tell part of the story.
Volume indicates how much fuel is in the tank. “The market unfolds in waves in buying and selling”(David Weis). If we use the “Weis Wave” we can see when there is a change in supply and demand and find high probability turning points in the market.
Confluence of price structure, bar analysis and volume make for high probability trades. I’ll go through this all in more detail so I have a record of everything as it evolves. I’m not a professional trader and don’t take anything you might read as trading advice. Do your own homework but feel free to play along.