🐋 Trading with Whales: What are "Order Blocks"? 🐋
Forget about traditional support and resistance levels. Financial institutions do not trade at "lines"; they trade at Blocks.
🔹 Definition: An Order Block is the "last bearish candle" before a strong price surge upwards, or the "last bullish candle" before a sharp drop.
🔹 Why does it succeed? Because it represents the area where smart money has placed its heavy positions. When the price returns to it, they often defend it.
🔹 Entry method: Wait for the price to reach the block, then look for a change in market structure (CHoCH) on a smaller timeframe to accurately determine the entry point.
The golden theory: A strong order block should be followed by a price gap (FVG) immediately. 💎