Wyckoff trading method, page-2417

a list of various Wyckoff Terms and a brief explanation of each, along with the standard Wyckoff schematic.
This schematic describes the four basic processes that Richard Wyckoff considered takes place in the trading cycle.
Accumulation, Mark Up, Distribution, Mark Down (more detailed analysis of each phase is available separately)
Just be aware that these phases are describing trading in the textbook perfect world, and it can be quite common for different variations to occur.  For instance, there might be a strong period of accumulation in a stock, then a nice mark up, and a period of re-accumulation followed by a second mark up.  But then instead of a distribution period like the schematic suggests, another mark up may take place (because perhaps the fundamentals of the stock remain very strong - or for whatever reason), then another re-accumulation period, and then another mark up etc.
So if interested, learn in detail about the different phases, but don't necessarily always expect price to rigidly conform exactly to the schematic.  It will sometimes, and at other times there will be various different variations of it.

See below the standard Wyckoff Schematics, and below that some of the terms Wyckoff used in describing price action.
If anyone wants more detail of a particular phase or term, post it up and tag me in, and I will cover it in more detail.







cheers