The document discusses reclaimed blocks in technical analysis. It defines a reclaimed block as a failed breaker block or failed order block that price later moves in the original intended direction of. The thread provides examples of bullish and bearish reclaimed blocks and encourages backtesting this concept on live charts to better understand it. Live examples of reclaimed blocks are also shared.
The document discusses reclaimed blocks in technical analysis. It defines a reclaimed block as a failed breaker block or failed order block that price later moves in the original intended direction of. The thread provides examples of bullish and bearish reclaimed blocks and encourages backtesting this concept on live charts to better understand it. Live examples of reclaimed blocks are also shared.
The document discusses reclaimed blocks in technical analysis. It defines a reclaimed block as a failed breaker block or failed order block that price later moves in the original intended direction of. The thread provides examples of bullish and bearish reclaimed blocks and encourages backtesting this concept on live charts to better understand it. Live examples of reclaimed blocks are also shared.
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.
First of all, refer to this tweet if you still have issues
understanding breaker blocks
and refer to this one if you still have issues with
Orderblocks. 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.
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.
The first scenerio is a failed Orderblock which turned a
breaker block. 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.
Bearish Reclaim on AUD just now.
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