Final answer:
The market phase not one of the four by Wyckoff is 'Expansion'. Wyckoff's four market phases include Accumulation, Markup, Distribution, and Markdown. 'Expansion' does not fit within Wyckoff's market cycle theory. The correct answer is C) Expansion.
Step-by-step explanation:
The market phase that is not one of the four market phases by Wyckoff is Expansion. The four market phases by Wyckoff are:
- Accumulation
- Markup
- Distribution
- Markdown
These stages represent the cyclical process of price movements in a market as observed and described by Richard D. Wyckoff. The phases are used to understand the supply and demand dynamics of a market and signal the possible start and end of a price trend. The correct answer is C) Expansion.