Equilibrium Part 2

Equilibrium Part 2Lesson 5 of 84 min read

What you call it

The area price ran from has several names depending on who is teaching. None of the names is what makes price react to it.

Look at the cheap half of the gold rise and you can label the same area three ways.

Three names, one area

Before the run from 2,396, price spent a while going sideways in a narrow band. Then it left.

That band can be called an order block, because it is the move that started the run. It can be called an accumulation area, meaning a place where positions were built. Somebody else will call it a base.

All three names point at the same prices on the chart.

Different words, identical rectangle.

The names are not the reason

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