The wyckoff method is a very accurate method, There are many variations and purposes--soley to liquidate others or take shares from retail or weak hands, To sell of shares to FOMO traders or breakout traders. Liquidating Other institutions or create misleading Bullish signals and prices to entice investors etc, etc. the real skill is identifying the purpose of...
IF sell off was to take profits and then readd into another long position for the future, we shoud hit the 50% line , test, and then continue up for a bullish momentum. No downside here. Posted this for future reference to see if i was accurate
