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Sharing a powerful Wyckoff indicator with everyone. Combining effort and result reversal signals at key levels is very useful. It can be backtested in both cryptocurrency and stock markets. Wyckoff's Law of Effort and Result is also called the Law of Volume-Price Coordination. Larger effort should be accompanied by larger results🧐😍
A large trading volume should correspond to a significant price movement. If volume and price are not coordinated, the market trend is often abnormal and difficult to sustain~
Since reversals and breakouts do not happen out of thin air, observing a large volume area with relatively small price fluctuations is an early warning sign. The closer it is to key levels, the more reliable the reversal signal from the indicator. The indicator creator suggests that if you consider using the RedK Everex indicator, it must be combined with other momentum and price indicators, such as MAD moving averages, trend channels, support and resistance zones, Fibonacci levels, etc., to serve as confirmation for trading decisions!!