In addition we have this Bullish OB.
What makes it a bull order block is that we are inside of this candle in terms of the high and the opening price. We are using those specific price points and not the MTH of the body or the MTH of the entire high to low. We use using this because this is the last down-close candle prior to this run-up after digging into the previous Order Block. This makes it a Propulsion Block.
💎During NFP, FOMC and CPI days, breakers may provide less accurate/clean response.
Narrative which is absolutely crucial to understanding what a macro will do.
"You want to do a top-down, from PD array, discount and premium, and go through what's available in terms of price action. 💎Your first task is to identify what is above the marketplace inefficiency and liquidity, the buy side, and what's below the marketplace inefficiency, the sell side. Obviously, you can get crazy and look way beyond the scope of where the market will likely reach for, but we want to look at
All those are very quick, easy, and good general rules of thumb. They'll serve you extremely well for knowing where price will likely gravitate for inefficiencies or liquidity.
💎Whatever side of the marketplace price goes for first at 9:30 as the news hit, usually not always, usually that will be the false run.
We use the wick of the +OB. Wick are Gaps. We are highlighting this older block that has FVG that is suggesting that we could go higher after stops have been taken. That is a high probability bullish order block.
Let’s zoom in on the 3m chart.