Wyckoff Theory: A Compass in the Chaos of Markets
When I started diving into the world of investments and technical analysis, I confess I felt like a ship adrift in an ocean of charts, indicators, and contradictory opinions. It was then that I discovered the Wyckoff Theory, and it became not just a tool but almost a silent mentor for understanding the psychology behind market movements.
Richard Wyckoff, a pioneer of technical analysis in the early 20th century, proposed something that, at first glance, seems simple: the market is driven by the actions of the big players (the 'smart money') and their cycles of accumulation and distribution. But it was in practice that I realized the depth of this idea. Wyckoff was not limited to trend lines or candle patterns; he taught me to see the stories behind the prices.