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The way I read it, IT is the stock in question. If the large order doesn't move the price then there is a lot of supply. If the price moves up then buyers have to increase price to entice sellers to sell. (bullish)
"The days when I keep my gratitude higher than my expectations, I have really good days" RW Hubbard
So it has nothing to do with selling what you must have bought before as part of the test executed. It‘s just another way of testing. They can test by either:
- active selling
- passive selling
- active buying
- passive buying
Those activities can be pushed into the market in a sequence, but not necessarily.
So they can conduct a series of tests? I hope I‘m not wrong on this.
I'm completely new to trading and in Wyckoff method. Reading through forum posts, Dr. Gary Dayton name was recommended a few times.
After visiting his site, I'm a bit confused on which course to start. There are 10 courses under Wyckoff chart reading.
As a complete beginner with what course should I start with learning? Or should I start with other books/courses and then go with Dr. Gary's stuff?
Gary Dayton’s best course is the Chart Reading Mastery course but like NGTrader said try to find all the free content on Wyckoff first. I also like to read Fiebel’s S&P Chronicles. https://www.feibeltrading.com/the-s-p-chronicles