@imperialresearch.co: TOP-DOWN IDEA: DAILY, 4-HOUR, 15-MINUTE STEP 1 - DAILY CHART - Mark yesterday's high and low - Stop losses often sit just beyond them - Price dips below yesterday's low, may trigger those stops, then closes back inside = often called a SWEEP - One popular reading: sellers may be out of fuel, so longs may be worth a look STEP 2 - 4-HOUR CHART - Find the range at that low - Price poked out of the bottom and came back - Buyers may be defending this area STEP 3 - 15-MINUTE CHART - Wait for price to push a little higher - ORDER BLOCK (one common definition) = the last down candle before a strong move up - Price returns to the block THE PLAN (in this example) - Stop loss below the block - Target 1: the nearest 15-minute high - Target 2: the 4-hour high = 3 x the risk THE RULE - A candle closes below the stop loss = the idea has failed - One setup alone is not a signal Numbers are illustrative. #technicalanalysis #tradingforbeginners #trading #liquiditysweep #orderblock