HD - Daily Home assignment #1 – Solution slide Homework Assignment: Identify Wyckoff events Identify Wyckoff phases Identify Changes of Character Distribution |A| |B| Major SOS |C| UTAD BC Major BU Minor SOS AR AR Phase |D| |C| Major SOS ST Accumulation LPS SC ST Phase |A| Phase |B| ST |C| Phase |A| Minor SOS AR LPS Minor SOS Major BU Phase |B| Phase |C| Phase |D| Re-Accumulation LPS ST SC www.WyckoffAnalytics.com STs LPS Copyright © 2019 Wyckoff Associates, LLC All Rights Reserved HD - Daily Home assignment #1 – slide Homework Assignment: Identify Wyckoff events Identify Wyckoff phases Identify Changes of Character MSOS Major SOS ST BC UA as a Minor SOS BU BC LPS Accumulation |A| Phase |B| AR |C| Phase |A| |D| SOS AR Phase |B| |C| Re-Accumulation ST Spring + Test Minor SOS BU Phase |A| Phase |B| Phase |C| Phase |D| Re-Accumulation AR LPS ST SC ST www.WyckoffAnalytics.com Copyright © 2019 Wyckoff Associates, LLC All Rights Reserved |D| HD - Daily Homework Assignment: Identify Wyckoff events Identify Wyckoff phases Identify Changes of Character |A| Home assignment #1 – Solution slide |C| |D| UTAD |B| ST BC Major SOS LPSY ST AR AR Distribution Major BU SOW LPS ST LPS Re-Accumulation |D| Phase |A| Phase |B| LPS SC Phase |C| BC SOW BU |A| |B| |C| Phase |D| AR Re-Accumulation LPS LPS ST SC www.WyckoffAnalytics.com ST In re-accumulation, after buying climax what is the difference between a shakeout and an automatic reaction? On the slide that shows alternative reaccumulation types, they were a little confusing Copyright © 2019 Wyckoff Associates, LLC All Rights Reserved HD - Daily Home assignment #1 – Solution slide Homework Assignment: Identify Wyckoff events Identify Wyckoff phases Identify Changes of Character Re-Accumulation BC Major SOS Minor SOSs UA AR LPS SC Phase |A| www.WyckoffAnalytics.com ST Phase |B| |C| Phase |D| Copyright © 2019 Wyckoff Associates, LLC All Rights Reserved HD - Weekly Home assignment #1 – Solution slide Homework Assignment: Identify Wyckoff events Identify Wyckoff phases Identify Changes of Character Major SOS BC Phase |A| Phase |C| Phase |B| UA SOS ST Phase |D| UA LPS LPS AR AR |A| LPS LPS ST ST |B| |C| |D| Re-Accumulation Major BU ST SC Re-Accumulation www.WyckoffAnalytics.com Copyright © 2019 Wyckoff Associates, LLC All Rights Reserved HD - Daily Home assignment #1 – Solution slide Homework Assignment: Identify Wyckoff events Identify Wyckoff phases Identify Changes of Character Major SOS BC Major BU ST LPS Re-Accumulation |A| |B| ST |D| |C| LPS AR MSOS AR Phase |A| Phase |B| Phase |C| Phase |D| Re-Accumulation BU ST SC Spring www.WyckoffAnalytics.com Copyright © 2019 Wyckoff Associates, LLC All Rights Reserved UTAD + Test ELY ST BC HOMEWORK: Examples of distribution LPSY LPSY LPSY AR Minor SOSs Phase |A| Phase |B| Major SOW |C| Late Institutional Capitulation Phase |D| I only saw one thrust above TR, was not sure if UT and UTAD are both required to go above TR In Phase A, does the AR have to be equal to or lower than the PSY? Does the first ST have to be equal or lower than BC? In real time would this area be labelled as Re Accumulation with UTAD being SOS (in Phase D) on increasing spread and volume? Can we only confirm distribution on break of support with volume ? www.WyckoffAnalytics.com Copyright © 2019 Wyckoff Associates, LLC All Rights Reserved HOMEWORK: Examples of distribution UTAD + Test NFLX ST as UT BC ST LPSY STs Major SOW AR Late Institutional Capitulation Phase |A| www.WyckoffAnalytics.com Phase |B| |C| Phase |D| Copyright © 2019 Wyckoff Associates, LLC All Rights Reserved HOMEWORK: Examples of distribution UTAD + Test AAPL BC ST LPSY LPSY AR STs Accumulation Minor SOW AR Major SOW UA Phase |A| Phase |B| |C| Phase |D| SC Phase |A| Early Institutional Distribution into weak hands’ strength – Phase |A| www.WyckoffAnalytics.com Institutional Distribution on the way down – Phase |D| Late Institutional Capitulation – Phase |E| ST Phase |B| Copyright © 2019 Wyckoff Associates, LLC All Rights Reserved ST as SOW $COMPX BC HOMEWORK: Examples of distribution |C| UTAD + LPSY as Test LPSY AR AR MSOW LPSY Phase |C| SC ST AR LPSY ST as SOW Phase |A| Phase |B| Phase |C| Phase |D| SC ST as SOW Isn’t the 1st AR too small to be considered an AR? It is not bigger than the reactions preceding it Can a distribution occur without phase B? Some distributions with fewer bars (to my eyes) appear to not have a B but proceed from A to C Can a ST in Phase A be lower than SC level? www.WyckoffAnalytics.com Urgent Institutional Distribution in Phase |A| Institutional Distribution on the way down – Phase |D| Late Institutional Capitulation – Phase |E| Copyright © 2019 Wyckoff Associates, LLC All Rights Reserved MSFT #4 BC Attempt to Upthrust MSOS ST BU AR ST as mSOW Phase |A| www.WyckoffAnalytics.com Phase |B| Spring + Test |C| Phase |D| Copyright © 2019 Wyckoff Associates, LLC All Rights Reserved MSFT #5 MSOS BC ST UTA MBU AR ST Phase |A| |A| |B| |C| ST Phase |B| |D| Spring Phase |D| Phase |C| Spring + Test www.WyckoffAnalytics.com Copyright © 2019 Wyckoff Associates, LLC All Rights Reserved MSFT #6 UTAD + Test LPSY ST BC PSY mSOW Phase |C| AR |A| |B| |D| Phase |D| Phase |B| Phase |A| UTA SC Spring |C| www.WyckoffAnalytics.com Copyright © 2019 Wyckoff Associates, LLC All Rights Reserved MSFT #7 |C| UTAD |B| |A| BC MSOS UTA LPSY AR mSOS BU AR SOW LPS TR ST ST SC Phase |A| www.WyckoffAnalytics.com ST Spring Phase |B| Phase |C| Phase |D| Copyright © 2019 Wyckoff Associates, LLC All Rights Reserved Homework Exercise #4: AAPL -1 CHoCH zone CHoCH Major SOS BC LPSY Upthrust Action (UA) BC BC ST FUT LPSY ST UTAD MSOS UT AR ST SOS BU mSOS ST MBU ST Spring SC ST as SOW Overbought FUA AR AR AR UA AR ST SC SC ST Spring Institutional VALUE zone Oversold Major LPS Area ST LPS Spring + Test Phase |A| Phase |B| Phase |D| Phase |C| Institutional Accumulation on the way up www.WyckoffAnalytics.com Institutional Value Buying on shortterm Liquidity and long-term Value Institutional Trend Following Accumulation on the way up Copyright © 2019 Wyckoff Associates, LLC All Rights Reserved BC Homework Exercise #4: AAPL - |C| Failed UT = ST Failed UT = LPSY Phase |C| LPSY Overbought ST Weak Hands VALUE zone AR ST |C| UT LPSY Oversold LPSY UTAD MSOS AR MSOW Phase |B| |A| |C| mSOS mSOS Major BU AR ST ST SC Minor BU Overbought Institutional VALUE zone ST LPS Oversold SC ST as SOW Urgent Institutional Distribution in Phase |A| Late Institutional Capitulation www.WyckoffAnalytics.com Institutional Distribution off the top and on the way down – Phases |C + D| Institutional Buying on Liquidity LPS Urgent Institutional Accumulation on the way up Copyright © 2019 Wyckoff Associates, LLC All Rights Reserved Homework Exercise #4: AAPL - |D| UTAD |C| Phase |B| LPSY |A| UT BC Overbought UTAD LPSY UTs ST LPSY AR MSOW Oversold AR ST Minor SOW SC Phase |A| CHoCH Phase |B| |C| Weak Hands VALUE zone |D| Minor SOW Question: Why such a big gap? CHoCH Late Institutional Capitulation/Liquidation Early Institutional Distribution into weak hands’ strength – Phase |A + early B| Institutional Distribution on the way down – Phase |D| www.WyckoffAnalytics.com Copyright © 2019 Wyckoff Associates, LLC All Rights Reserved Homework Exercise #4: AAPL -4 CHoCH zone CHoCH Phase|A| |A| Phase Phase|B| |B| Phase Phase |D| Major SOS Failed UA Area UA Overbought Phase |C| Minor SOS AR Institutional VALUE zone Major BU Minor BU / LPS Oversold SOS Bar ST LPS ST SC SC Spring trading Range Institutional Value Buying on shortterm Liquidity and long-term Value www.WyckoffAnalytics.com Urgent Institutional Accumulation on the way up Institutional Trend Following Accumulation on the way up Copyright © 2019 Wyckoff Associates, LLC All Rights Reserved Homework Exercise #4: AAPL -5 MSOS ST as UA BU BC Institutional VALUE zone Institutional VALUE zone CHoCH CHoCH Phase |B| |A| |C| LPS |D| MSOS MSOS AR UA UA ST as SOW Phase Phase|A| |A| UA CHoCH Phase Phase|B| |B| Phase Phase|C| |C| Phase |D| CHoCH Zone BU AR SOS Bar SC SC mSOS Institutional VALUE zone ST ST ST STas asSOW SOW ST ST Spring Spring Institutional Value Buying on short-term Liquidity and long-term Value www.WyckoffAnalytics.com Institutional Value Buying on shortterm Liquidity and long-term Value Urgent Institutional Accumulation on the way up Institutional Trend Following Accumulation on the way up Copyright © 2019 Wyckoff Associates, LLC All Rights Reserved Homework Exercise #4: AAPL -6 MSOS ST as UA mSOS BC CHoCH BC BU Phase |A| LPS CHoCH Phase |B| |C| STs |D| UA ST Institutional VALUE zone AR MSOS Phase |A| Phase |B| |C| |D| CHoCH CHoCH AR BU Institutional VALUE zone ST as SOW Spring Institutional Accumulation off the bottom Institutional Accumulation on the way down www.WyckoffAnalytics.com Institutional Trend Following Accumulation on the way up Institutional Accumulation off the bottom Copyright © 2019 Wyckoff Associates, LLC All Rights Reserved Homework Exercise #4: AAPL -7 UTAD UT BC BC ST FUT LPSY UT Attempt = LPSY + Test LPSY AR MSOW AR |A| LPSY |A| |B| Minor SOW |C| |D| Phase |B| CHoCH CHoCH |C| Major SOW |D| Early Institutional Distribution into weak hands’ strength – Phase |A | Late Institutional Capitulation/Liquidation Late Institutional Capitulation/Liquidation Institutional Distribution off the top – Phase |D| www.WyckoffAnalytics.com Copyright © 2019 Wyckoff Associates, LLC All Rights Reserved Homework Exercise #4: AAPL -8 CHoCH CHoCH Phase |A| Phase |B| |D| |C| AR MSOS mSOS BU Institutional VALUE zone ST SC ST as SOW Institutional Accumulation on the way down and at ST Liquidity and LT Value LPS Spring attempt Inactive CO Signature: Active Institutional Accumulation in Phases |A + early B| No more Institutional Buying www.WyckoffAnalytics.com Copyright © 2019 Wyckoff Associates, LLC All Rights Reserved Homework Exercise #4: AAPL -9 MSOS UA MSOS UA BC mBU ST UA LPS FUA FUA BC+AR LPS AR Phase |A| Phase |B| |C| |A| |D| ST as mSOW Phase |B| |C| Shakeout + ST STs as SOW MSOS Spring UA Institutional VALUE zone BC AR Phase |A| Phase |B| |C| |D| Major Back Up Trading Range BU Institutional VALUE zone STs ST LPS Shakeout Institutional Value Buying on short-term Liquidity and longterm Value www.WyckoffAnalytics.com Institutional Trend Following Accumulation on the way up Institutional Value Buying on short-term Liquidity and long-term Value Institutional Accumulation on the way down Institutional VALUE zone Institutional Value Buying on shortterm Liquidity and long-term Value Copyright © 2019 Wyckoff Associates, LLC All Rights Reserved |D| Homework Exercise #4: AAPL -10 UTAD + Test BC Overbought ST LPSY LPSY Weak Hands VALUE zone Oversold AR Phase |D| STs MSOS Phase |A| Minor SOW Phase |A| Phase |B| |C| Phase |B| AR Major SOW UA Phase |D| |C| Institutional VALUE zone BU SC Early Institutional Distribution into weak hands’ strength – Phase |A| Late Institutional Capitulation – Phase |E| Institutional Distribution on the way down – Phase |D| ST Institutional Value Buying on shortterm Liquidity and long-term Value ST as SOW Institutional Accumulation on the way down www.WyckoffAnalytics.com LPS Institutional Trend Following Accumulation on the way up Institutional Accumulation on short-term value and liquidity Copyright © 2019 Wyckoff Associates, LLC All Rights Reserved |A| |C| |D| Phase |B| Homework Exercise #4: AAPL -11 FUT = LPSY UT BC ST Phase |D| Phase |C| Phase |B| |A| UA STs Weak Hands VALUE zone LPSY AR UA mSOW AR MSOW MSOS ST ST Institutional VALUE zone Institutional VALUE zone Late Institutional Capitulation – Phase |E| Institutional Value Buying on shortterm Liquidity and long-term Value UA Institutional VALUE zone SC / Shakeout ST as SOW Early Institutional Distribution into weak hands’ strength – Phase |A| www.WyckoffAnalytics.com Institutional Distribution on the way down – Phase |D| Institutional Value Buying on shortterm Liquidity and long-term Value Institutional Value Buying on shortterm Liquidity and long-term Value Institutional Trend Following Accumulation on the way up LPS Institutional Accumulation on short-term value and liquidity Copyright © 2019 Wyckoff Associates, LLC All Rights Reserved ... AR LPS ST SC ST www.WyckoffAnalytics.com Copyright © 2019 Wyckoff Associates, LLC All Rights Reserved |D| HD - Daily Homework Assignment: Identify Wyckoff events Identify Wyckoff phases Identify... www.WyckoffAnalytics.com Copyright © 2019 Wyckoff Associates, LLC All Rights Reserved HD - Daily Home assignment #1 – Solution slide Homework Assignment: Identify Wyckoff events Identify Wyckoff. .. www.WyckoffAnalytics.com ST Phase |B| |C| Phase |D| Copyright © 2019 Wyckoff Associates, LLC All Rights Reserved HD - Weekly Home assignment #1 – Solution slide Homework Assignment: Identify Wyckoff