Wyckoff Wave And The Optimism-Pessimism Index (OP) – Lecture 10 Quiz

A divergence is when the Wyckoff Wave and the Optimism-Pessimism Index move in the same direction, but do not move at the same rate or speed.

The Wyckoff Wave is for price, what the Optimism-Pessimism is for volume.

The intraday chart allows the student to drill down and study the very smallest waves that build into the large and major moves.

On the chart of WalMart, the OP rallied to a new high at point B, while the price did not. What is this an example of.

On the chart of Walmart, at point D the OP Index had went to a new low compared to point C, while the price did not. What does this signify.

This is a chart of Exxon Mobil 2016. The chart shows the OP going to a new low at B, while the price only goes to a minor new low. This is called what.

This would be an indication to carefully analyze this stock for a possible buy or sell in your opinion.

As you can see the stock catapulted higher after this Inharmonious Action, as well as having a Divergence the next day when then OP went to another new low while the price held much higher. At the top of the chart Exxon Mobil has touched almost $88. What is now showing at this level in the relationship between the stock and its OP Index?

Continuing with the intraday chart of Exxon Mobil, what is the action designated at A-B.

What is the action between C-D

What does this Crude Oil futures contract chart show.