How Mayne views the Market

I view the market as simple buy models that become sell models.

Price does 3 things.

Trends, accumulates, distributes.

That's it.

Price trends up, either accumulates/reaccumulates and continues up or it distributes and starts to trend down.

Consolidation is either accumulation or distribution.

This system I am sharing with you tries to help you find clues which it may be, accumulation or distribution.

Im sure you've seen these in the past, I used to post them on twitter next to BTC charts.

Also its essentially wycoff, repackaged in many watch.

Where this system excels is the trending portion.

So the coloured boxes and the trends in between, it's good at.

The grey box, where the trend reversal may occur is where it struggles.

We are seeing this potentially on BTC right now.

Where we have down trending h12 structure, but price may be in the process of reverting to up trending structure, and sometimes it'll miss that first move.

we are seeing this potentially on BTC right now.

Where we have down trending h12 structure, but price may be in the process of reverting to up trending structure, and sometimes it'll miss that first move.

This is what would be happening in the first two colours boxes in the second image the sell model.

We have bullish working ranges and we are looking to buy in the lower part of the range, into a bullish PD array, assuming this is trend continuation to the upside - accumulation.

When price is trending strongly, this will work for a while, accumulate, leg up, accumulate leg up.

Eventually price is going to reverse, the sell model usually peaks at a key HTF high, like a monthly high, weekly high etc.

That upper grey box can be tricky using this model because the trend leading in is bullish.

But eventually this will happen - this would be the grey box

The bullish range fails, and now we flip to bearish.

Yes there may be signs that things are reversing, but sometimes the reversal isn't obvious until price is already moving quite hard.

Taken BTC right now for example, this would be the first image, the buy model.

We could be in the process of putting in the grey box, the bottom.

However our trend leading into this consolidation was bearish, so with this system, we are still favouring shorts until a higher high on the h12 is made.

What does that mean?

It means that if you are following this system to the letter.

You won't start looking for longs until we get an h12 close thru the h12 range high at 28300.

Thats gonna be frustrating for some of you, everyone wants to long the lows and short the top.

This system IMO is best at trend following as opposed to catching the trend reversal.

Bullish Breaker

One caveat, I no longer worry about point number 3 in the breaker notes.

These images were posted by me on twitter 5 years ago, crazy. But since then I've refined and changed things a little.

So point number 3 I don't consider a requirement any more.