#TradeLessons

now lets see why this pattern face rejection when its cross the neck line , there are two picture in this post first one is four hour time frame chart and second is one hour time frame

four hour to understand chart pattern and one hour to under stand order block

if you see in first pic which four hour time frame chart the we see price bullish rejection on 0.003200

now if we see left corner from where this pattern start when we see from where first leg of pattern start which on left side it start from same price but why its start from same price , why its start here

to understand this now see one hour time frame chart ,

open second chart

we see when price dump start from 0.004300 it create it first order block on 0.0039 and second order block on 0.003351 now when price see bullish reversal if you see chart , you will see that price face rejection to order block and when it fill a order block it goes next to second order block ;

when price rise it face rejection to 0.0037 which is around to first order block and than when price start dumping it again create a order block around 0.003200 and from same order block the first leg of left shoulder start and now when it cross neck line , it facing rejection again and again on same point , this was the whole back ground of not coin price ups and lows now in next price we will discuss present condition and future of the coin $NOT

#TradeLessons