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Summary of Rubén Villahermosa Chaves's The Wyckoff Methodology in Depth
Summary of Rubén Villahermosa Chaves's The Wyckoff Methodology in Depth
Summary of Rubén Villahermosa Chaves's The Wyckoff Methodology in Depth
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Summary of Rubén Villahermosa Chaves's The Wyckoff Methodology in Depth

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#1 The price does not move between two points in a straight line, but in a wave pattern. Each uptrend and downtrend is made up of numerous minor uptrend and downtrend waves. When one wave ends, another wave starts in the opposite direction.

#2 The market has entered the distribution phase. A market ceiling is formed and it is said that the big traders are finishing distributing the stock they previously bought. There is the entry of the last greedy buyers as well as the entry for sale of well-informed traders.

#3 When a market is rising, it will encounter resistance, and if it exceeds that resistance, it will turn. When a market is falling, it will encounter resistance, and if it exceeds that resistance, the price will turn. These are the pivot points that provide excellent locations to trade.

#4 The type of trading you will be doing should be determined in advance. It is difficult to have buy and sell positions at the same time, so it is best to start with long-term trading until you achieve consistent success.

LanguageEnglish
PublisherIRB Media
Release dateApr 22, 2022
ISBN9781669392248
Summary of Rubén Villahermosa Chaves's The Wyckoff Methodology in Depth
Author

IRB Media

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    Summary of Rubén Villahermosa Chaves's The Wyckoff Methodology in Depth - IRB Media

    Insights on Rubén Villahermosa Chaves's The Wyckoff Methodology in Depth

    Contents

    Insights from Chapter 1

    Insights from Chapter 2

    Insights from Chapter 3

    Insights from Chapter 4

    Insights from Chapter 5

    Insights from Chapter 6

    Insights from Chapter 7

    Insights from Chapter 8

    Insights from Chapter 1

    #1

    The price does not move between two points in a straight line, but in a wave pattern. Each uptrend and downtrend is made up of numerous minor uptrend and downtrend waves. When one wave ends, another wave starts in the opposite direction.

    #2

    The market has entered the distribution phase. A market ceiling is formed and it is said that the big traders are finishing distributing the stock they previously bought. There is the entry of the last greedy buyers as well as the entry for sale of well-informed traders.

    #3

    When a market is rising, it will encounter resistance, and if it exceeds that resistance, it will turn. When a market is falling, it will encounter resistance, and if it exceeds that resistance, the price will turn. These are the pivot points that provide excellent locations to trade.

    #4

    The type of trading you will be doing should be determined in advance. It is difficult to have buy and sell positions at the same time, so it is best to start with long-term trading until you achieve consistent success.

    #5

    You must learn and understand the reasons, behavior patterns, and emotions that control the market. A bull market is driven by greed, while a bear market is driven by fear. These are the main emotions that drive the markets.

    #6

    When the price is in trend, we expect greater strength from the

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