What is an Order Block? - The Order Block is a specific price range or candle where institutions will be buying or selling against the retail trend/dump money.
Institutions leave order blocks for themselves to trade at a later stage. They will reverse the price to a previous order and then driving the price hard in the direction of the trend (The real institutional trend). These order blocks we can also call them specific levels of either going Long or Short. If an order block is violated or broken, it now qualifies as a Breaker, meaning Price will retest back to that order block. Sometimes we call it a failed order block.
Types of OBs:
i. Bullish Order Block (BUB) ii. Bearish Order Block (BEB)
The Order of OBs
1. Source OB 2. Breaker OB 3. Continuation OB (Traditional/Basic OB)
Understanding Algorithmic Price Delivery
IPDA- Interbank Price Delivery Algorithm OB-Order Block FVG- Fair Value Gap SMT- Smart Money BiSi- Buy Side Imbalance Sell Side Inefficiency. SiBi- Sell Side Imbalance Buy Side Inefficiency. RjB- Rejection Block RTO- Return to Order Block RTF- Return to Fvg BRK- Breaker SOB- Source Order Block BMS- Break of Market Structure OTE- Optimum Trade Entry
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