for up move bullish order block (collected)bearish orderblock just opposite
"A bullish orderblock is a Down candle before a sharp move up that proceeds to break market structure to the upside and as a result clear stops above market. Market is driven down with this bearish candle to make people think that market is reversing while big players fill long positions. They then proceed to push market up and unload profits above those wicks on the upside. Market is driven down to the orderblock where retail traders are trapped to refill those long positions and push market again on the upside."
How to identify a bullish orderblock:
- Down candle before a sharp move up
- Move up clears stops on the upside
- Bullish bias
- Orderblock is many times near a support
- A bearish order block low is a bullish candle prior to the move down, a bullish order block is the high of a bearish candle prior to the move up. and must previous high-low break or equal. high-low /double top/bottom
- i am attaching few image to show how good that level zone are?
- to avoid messy/clutter chart draw horizontal only when price /level A. equal high-low /top-bottom B. break previous high-low bounce reject break out break through what ever you called and understand.
- one image is better than 100 words
Say something meaningful or Silence!!
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