The ICT has 6 blocks.
The Orderblock and it's five ugly sisters -: breaker blocks, mitigation blocks, propulsion blocks, vacuum blocks and reclaimed blocks.
Here is a thread to help you make the most of reclaimed blocks. ππΌ
The Orderblock and it's five ugly sisters -: breaker blocks, mitigation blocks, propulsion blocks, vacuum blocks and reclaimed blocks.
Here is a thread to help you make the most of reclaimed blocks. ππΌ
First of all, refer to this tweet if you still have issues understanding breaker blocks π
and refer to this one if you still have issues with Orderblocks. π
Now, a bullish reclaimed block is a candle or block that was previously intended to buy price, failed and later gets reclaimed for a buy.
A bearish reclaimed block is a block that was previously intended to sell price, failed and later gets reclaimed for a sell.
A bearish reclaimed block is a block that was previously intended to sell price, failed and later gets reclaimed for a sell.
Remember, when an Orderblock fails with negligible reaction on it, a breaker block is created. Now, if price fails to react from this breaker block, we then see the initial Orderblock being reclaimed.
Safe to say, a reclaimed block is a failed breaker block.
Safe to say, a reclaimed block is a failed breaker block.
The first scenerio is a failed Orderblock which turned a breaker block.
The second scenerio is a failed breaker block which turned reclaimed.
The second scenerio is a failed breaker block which turned reclaimed.
Here are some live chart examples
I really do hope you've learnt something from this. If you did, be good to like, drop a comment and reach out to other persons by retweeting.
Don't forget to study and backtest this if you find it valuable.
Follow @Starr_gael for more threads like this.
Stay blessed.
Don't forget to study and backtest this if you find it valuable.
Follow @Starr_gael for more threads like this.
Stay blessed.
Bearish Reclaim on AUD just now.
Backtested this yet? Let me see your results.
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