Order Blocks Part 3

Order Blocks Part 3Lesson 4 of 85 min read

One refinement only

After the break of structure there is one more price improvement available, what it costs, and why you never take it twice.

Module 22 ended the chain at the break of structure on the small chart. There is one optional step after it.

The break leaves its own block

Take the entry from module 22. Price rose into the block, left a 15 minute swing low at 2,433, and a candle then closed at 2,431 below it.

Look at what carried price into that break. The 15 minute rose from 2,433 up to 2,438, taking a small high at 2,437 on the way, and then the close at 2,431 followed.

That small rise is an order block on the 15 minute chart. Same definition, smaller chart.

A break of structure leaves a block behind it on the chart it happened on.

The order you can leave instead

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