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What is Understanding Climax Events in Wyckoff Method about?

After a prolonged trend and potential standstill, the climax event (Selling Climax or Buying Climax) is the second major event in the methodology. It provides context to the market situation. The Preliminary Support/Supply is not always necessary and its role can be fulfilled by the climax event. To determine if the climax has occurred, the price must show a strong reaction and subsequent test to end Phase A and the prior trend. Following the climax, the market will either have an automatic rally/reaction f

Author

Trần Nam Việt

Language

EN