Wyckoff Accumulation describes a basing phase where large interests quietly build positions after a decline.
Volume and price action form a series of tests of support followed by higher lows, hinting at growing demand.
This strategy enters long when price breaks out of the accumulation range, expecting a new uptrend fueled by those earlier purchases.
A protective stop sits just below the base to limit losses should the breakout fail.
- Entry Criteria: indicator signal
- Long/Short: Both
- Exit Criteria: stop-loss or opposite signal
- Stops: Yes, percent based
- Default Values:
- CandleType = 15 minute
- StopLoss = 2%
- Filters:
- Category: Trend following
- Direction: Both
- Indicators: Volume, Price
- Stops: Yes
- Complexity: Intermediate
- Timeframe: Intraday
- Seasonality: No
- Neural networks: No
- Divergence: No
- Risk level: Medium