Beginner
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Covered in this level
You will study accumulation, markup, distribution and markdown, and the basic idea that price reflects the balance between supply and demand.
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Suited to
This level is for learners who want a first look at the Wyckoff method and the idea of market cycles.
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What you will be able to apply
After this level, you will be able to describe the four phases of the Wyckoff cycle, explain the link between volume and price, and mark a simple cycle on a chart.