BTC pullback is ended, Long entry points with delay
Hello traders, here is my simple market vision
- Upper you see new Bearish Orderblocks (beOB) formed during last two days
- Lower we see rebound from old Bullish Order block (buOB)
- Formed new one buOB today
- Sperandeo TrendLine broken
- The price was in lower part, not far from liquidation support . Liquidation Levels I'm building at 00-00, like a plan on this day.
- I've added Blue boxes 1) 2) 3). First blue box i've buld by Lowest H2 candle of the day1. Second and third it's the same size box, and I've just moved them to low of day one and second day.
What is the meaning and idea?
The idea is to catch weak lows.
Strong low - is low closed lower then blue box. Weak low is closed in or just tuched blue box.
This concept can show us when trend becomes weak and also workong in range market and expanding triangles.
The best entry points in my mind, when the price returnd from box №3 and closed in box №2. Also we can wait another confirmations like here. (Rebound from OldOB, TrendLine broken)
In two words for remember:
"Yesterday, the day befor yesterday. Return on third day. Weak lows. Reversal strategy"
Books: Inner Circle Trader.
- Upper you see new Bearish Orderblocks (beOB) formed during last two days
- Lower we see rebound from old Bullish Order block (buOB)
- Formed new one buOB today
- Sperandeo TrendLine broken
- The price was in lower part, not far from liquidation support . Liquidation Levels I'm building at 00-00, like a plan on this day.
- I've added Blue boxes 1) 2) 3). First blue box i've buld by Lowest H2 candle of the day1. Second and third it's the same size box, and I've just moved them to low of day one and second day.
What is the meaning and idea?
The idea is to catch weak lows.
Strong low - is low closed lower then blue box. Weak low is closed in or just tuched blue box.
This concept can show us when trend becomes weak and also workong in range market and expanding triangles.
The best entry points in my mind, when the price returnd from box №3 and closed in box №2. Also we can wait another confirmations like here. (Rebound from OldOB, TrendLine broken)
In two words for remember:
"Yesterday, the day befor yesterday. Return on third day. Weak lows. Reversal strategy"
Books: Inner Circle Trader.
Trade closed: target reached:
First target second beOb
Trade closed: target reached