All language subtitles for 04-Rejection Blocks - A-Z Guide Episode 4 - English

all right hello everyone I hope you're

doing all right welcome back to this new

video we are going to be touching on

rejection blocks so we've had breaker

blocks mitigation blocks and Order

blocks that's a lot of block now like I

said as well you don't need to know

every concept to become profitable so

just pick out a few Concepts that you

like and then stick to them because this

is the only way you can actually reach

Mastery if we truly want that intuition

that God feeling to take over and we are

constantly hopping from this concept to

that concept to this concept to that

concept then we are not submitting to

time and we are not allowing that

intuition at a Mastery to eventually

take over and that's very important for

you to understand

and this might be a little rant but if

you're not listening to these rents and

you're just here for the concept and

that won't help you because trading is

not about Concepts the concepts are your

guidelines they are your toolbox but at

the end of the day it all comes down to

psychology and sticking to one thing is

all about psychology it's not about

Concepts alright without further Ado

let's talk about rejection blocks right

here

rejection blocks are fairly simple a

rejection block and the way I like to

see them is when we do have a long Wick

at the top or at the bottom for example

this right here we have a long Wick then

we might not sweep above so we might not

take out this whole Wick before we

continue lower why is this well we know

generally and especially when we're

trading cfds then every broker will have

a little bit of a different price action

but generally on these Brokers the

bodies will be the same because that's

where the most volume of the trading is

going to happen and the Wicks the Wicks

are purely for manipulation so the Wicks

are to take you out they are there to

manipulate price and the bodies tell the

story so the liquidity is actually above

the bodies not necessarily the Wicks so

right here if we take a look at this

example we take the highest candle so

this is the highest gonna wear it as a

close or the open this is the highest

candle that is your rejection block now

the reason I like it the most is because

we have this long Wick that's when I do

like a rejection block the most when

there's a long Wick so you can see price

here swept above this body

and then drop lower it's taking out

or it's even tricking in new people and

then it's doing the exact opposite so

breakout Traders got long here

and people their stop losses got taken

out before the real move happens now as

you might notice rejection blocks are

mainly on the outside so they are either

all the way at the top or either way all

the way at the bottom

not necessarily in between price not in

the middle somewhere so this right here

when we trade above the body but not

above the wick and most of the time we

trade inside this long Wick

and then we drop off alright so this is

a bearish rejection block again you take

the highest candle now if we take a look

at a bullish rejection block I can

already see one right here

right here

the lowest candle

it's a rejection block as well it sweeps

the bodies but not the wick again it's a

long Wick

that's when I like to use rejection

blocks when it's a long week and as well

as you may notice the main Trend right

here was bearish right we were going

down obviously hindsight 2020 Vision but

the main Trend was going down generally

when we are moving against the trend so

this is also the opposite Trend move

right here a counter Trend move then we

will not always sweep below the low we

will generally respect rejection blocks

more again that's for yourself and see

if you like it and then maybe you can

look to implement so right here same

thing right

rejection block right here the lowest

candle we sweep below the body but not

below the wick then we continue higher

again a pretty long Wick as well and

same thing like we just mentioned it's

going against the trend so it will not

always take out this low of the wick it

might just respect the rejection block

right here and as well it's an outsider

candle it's sort of at the bottom

instead of somewhere like here in the

middle for example same as here

somewhere at the bottom it made a swing

low

which we'll get into later on and then

we respect the rejection block and

continue higher alright last example

right here another bearish example

same exact thing right

the highest candle in this case the down

closed candle is a little bit higher

so the open of the down close candle is

a little bit higher than the close of

that up candle again long Wick it's on

the outside it sweeps the bodies and

then continues lower so that's mainly

all there is to it don't over complicate

it this is literally all you need to

know about rejection blocks so go ahead

and study them for yourselves and I'll

see you in the next one alright thank

you

thank you foreign

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