There are quotes from Wyckoff traders on the www that say you can make a living from trading Springs and Upthrusts. Readtheticker.com is a Richard Wyckoff site and of course we loved to say yes, however its best to chose the correct chart set up to ensure you have a chance of success beyond tossing a coin.
These two charts follow the Rickard Wyckoff price action road map (see video below). They are both set to weekly time frame to show weekly springs. As you can see the win ratio is better than tossing a coin.
Bank of America With Springs and price step action (Blue dots a springs):
Google With Springs and price step action (Blue dots a springs):
Richard Wyckoff Price action road map explained:
Here is a trend following example with the Chandelier Exit with the price step formation as per Richard Wyckoff road map.
"Experience has proved to me that real money made in speculating has been in commitments in a stock or commodity showing a profit right from the start." ~ Jesse Livermore
"October: This is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August and February." ~ Mark Twain