Wyckoff analysis was born out of years of practical study of the stock price boom and bust cycles. Its founder, Richard D. Wyckoff was a profound observer of the markets.
This system is for trading fake (false) chart tops & bottoms. I call this a contrarian strategy because the trade entry opposes most technical indicators. I’ve used this day trading strategy to produce profitable short-term trades on GBPUSD, EURJPY, AUDJPY, and EURUSD.