Here is my attempt at the Wyckoff phases with AGO daily.
View attachment 669297
In Phase A there is clear vol coming in and change of character - SoT, lower low on low vol, break of dwn trend line.
Phase B & C are building a cause with a test of the lows.
Phase D the mark has started with vol coming in. The initial break/upthrust of the upper trend line draws out supply and a test occurs at end of phase D.
The start of the break (phase E) occurs with volume - the last 2 bars show supply coming in. Can the bulls absorb this and take it higher?
The upper window is my wave volumes (I could not get it to write the numbers on the actual chart). It accumulates the volume until there is a change in direction.
I do not know how to read these 'Weiss Waves' yet but it shows a decrease in volumes on down waves and an increase on the up waves.
@Jako8557 may be able to shed more light on that.
