hard · Volume Price Analysis
According to Wyckoff's 'Law of Cause and Effect', how is the potential magnitude of a price trend estimated?
- The trend will always travel exactly twice the distance of the previous impulse move.
- The speed of the initial breakout determines how far the price will travel.
- The volume of the final climax candle is the sole predictor of trend distance.
- The depth and duration of the preceding consolidation phase determines the strength and length of the subsequent move.
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