The Wyckoff strategy, also known as the Wyckoff method, isn't actually a "Waycof" strategy. It's named after Richard D. Wyckoff, a pioneer in technical analysis and market behavior.

Focus on Supply and Demand: Wyckoff believed price movements result from the interplay of supply and demand forces. He identified five price phases – Accumulation, Markup, Distribution, Markdown, and Spring – each reflecting the shifting balance between these forces.

Chart Analysis: Wyckoff emphasized interpreting price action through chart patterns, volume analysis, and market context. He identified specific formations like "springs", "upthrusts", and "testing ranges" to gauge market sentiment and predict potential breakouts or reversals.

Phases of the Market Cycle:

Accumulation: Big players discreetly buy shares, causing small price fluctuations within a trading range. Volume may be subdued.

Markup: The stock breaks out of the range with increasing volume, signifying strong buying and potential for further upside.

Distribution: Large holders subtly sell their shares, creating subtle price drops and decreasing volume.

Markdown: The stock breaks down decisively with rising volume, indicating weakening demand and potential for further decline.

Spring: A brief price reversal before the downtrend resumes, potentially offering a final entry point for short sellers.