Market Analysis and Trading Strategies

Fifty-eight.

So about, uh, about fifty pips

thereabouts in terms of movement through the level.

And again, this is a monthly chart, so a little bit of, uh, flexibility is

necessary. I'm looking for

very easy to find low resistance liquidity runs with a bullish

order block.

So when price hits it, uh, this particular month is

August of two thousand sixteen, so we could expect to see some

bullishness in August,

and I'll let you see the rest of the data here.

You can see clearly that the market did, in fact,

trade all the way up through to equal highs here at the present time of this

recording, uh, December

two thousand sixteen.

And we're gonna take another look at this down candle here

because this order block becomes another support level.

Remember, if we anticipate bullish prices here,

doesn't that by nature support price in the form of support and

resistance ideas?

So this level here, if we see a down candle

o-off of that level, th-that could be a potential bullish order

block as

well.

Remember, it's going to be trading down into

that level.

And why are they doing this? They're going down there to pick up more

opportunities to get long at a cheaper price,

more discount price. So when price was a bearish candle here,

that's when the order block would have been hit again. Okay?

And then what do we have here on this candle?

It violates this down candle's high. Okay?

And the open on that candle is-- the open is ninety-five nine eight,

and the level is nine five nine eight on our level here on the

segment.

And you can see price hits that level here.

It opens on this candle and trades all the way down. Hits it.

This would be another support level

to anticipate seeing prices trade higher.

So what we're gonna do is we're gonna drop down into a weekly

chart, and we're

gonna start looking at this

month here, and we're gonna put a vertical line there

delineating everything to the right

of this vertical line, and I'm gonna highlight it

big and bold,

so we can't miss it. And we'll just make it a big old bright

red color.

Okay? So now we're gonna drop down into a weekly

chart,

and we'll see how this

gives us a weekly

bias as well.

Here's... Here it is here. Price trades down into that level.

Okay? Price rallies away.

When price rallies away like that,

we're gonna be looking for an objective

to go along

on this level in here.

Right in here.

So how many times did price move away

from this down candle that was i-identified?

Again, we're going back out to a, a monthly

chart.

That's this level here. So in

May,

prices validated that order block in May.

Okay? So we're gonna move over into

May.

There’s May.

Okay. And here’s that order block level on the monthly

chart.

So price trades down into it here,

and we wait to see does price want to rally away?

We’re in—this is the level you have to be identifying 'cause it's the monthly

order block, the bullish order block on a monthly

level.

So we’re gonna broaden that one up a little bit.

Okay. And then price is trading down into that. So what

are we waiting for?

We’re waiting for evidence to support the idea that the

large traders want to send price higher.

Price does that here. It violates this down candle right here.

Its, its high is broken right there.

Okay? Right there. So now this order block on a monthly

level can be refined

to this level right there.

Okay? So price trades through this down candle.

Now, this down candle on the weekly has been

refined from a monthly level. So now we can anticipate

this level if it's traded back down into it.

We could be a buyer at that level. We see that happening

here. Price trades down into it.

Notice the down candles midpoint or mean threshold

right here.

Just pierces it just a little bit but does not go down below the body of the

down candle. What do we do? W-we identify we're in a range.

The range is this low to this high. It's trading

back down into internal range liquidity, absorbing

some more buys in this down candle.

We should see the responsiveness on the upside.

Now mind you, this is a weekly chart.

Look at the body's respect of this down candle's opening.

Okay? Yes, it trades down through a little bit,

but we could be a buyer at

that level here with the expectation that we're going to see a

run. Where at?

Right above these highs.

Okay? Right above these highs. So now here's when bearish order

blocks are not considered. This up

candle right before this down move here, we would not look to

that as a selling point. We don't look into that as we're

gonna get short