Bearish Order Block: A Thorough Analysis in 2024

9. Jan.

• Identify bearish order block as mentioned in previous post.
  
• Go to lower time frame to check consolidation phase and mark its support level.
  
• Check point where price went below support level and comeback to retest.
  
• Enter short trade once it breaks below again.
  
• so now we have 4 confluences for short entry.
  1. 4 Hour's Bearish OB
  2. Price Consolidation at lower time frame.
  3. Retest of price
  4. Breakout in short direction.