Wyckoff accumulation and distribution

A classic map of how large players build positions in a range (accumulation) or unload them (distribution).

What it means

A climax, a long range, a final shakeout (the spring), then a breakout in the new direction.

What to watch

The spring below the range and the sign of strength on volume that follows.

How Compass-Alpha uses it

Background only; not used in any figure on Compass-Alpha.