How to order blocks works in trading ?
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[11/04, 17:49] Business assistant: *Order Blocks in Trading Overview*
Order blocks are a trading concept that refers to the accumulation of buy or sell orders at specific price levels. They are used to identify areas of support and resistance in the market.
*How Order Blocks Work*
1. *Order accumulation*: Buy or sell orders accumulate at specific price levels, creating an order block.
2. *Support and resistance*: Order blocks can act as support or resistance levels, influencing price movement.
3. *Price reaction*: When price reaches an order block, it may react by bouncing off or breaking through.
*Types of Order Blocks*
1. *Buy order block*: Accumulation of buy orders, potentially acting as support.
2. **Sell order
[11/04, 17:49] Business assistant: *Order Blocks in Trading Overview*
Order blocks are a trading concept that refers to the accumulation of buy or sell orders at specific price levels. They are used to identify areas of support and resistance in the market.
*How Order Blocks Work*
1. *Order accumulation*: Buy or sell orders accumulate at specific price levels, creating an order block.
2. *Support and resistance*: Order blocks can act as support or resistance levels, influencing price movement.
3. *Price reaction*: When price reaches an order block, it may react by bouncing off or breaking through.
*Types of Order Blocks*
1. *Buy order block*: Accumulation of buy orders, potentially acting as support.
2. *Sell order block*: Accumulation of sell orders, potentially acting as resistance.
*Trading with Order Blocks*
1. *Identify order blocks*: Analyze charts to identify areas of order accumulation.
2. *Use in trading strategy*: Incorporate order blocks into trading decisions, such as setting stop-loss orders or taking profit.
3. *Monitor and adjust*: Continuously monitor order blocks and adjust trading strategies accordingly.
*Conclusion*
Order blocks are a valuable tool for traders, providing insights into market sentiment and potential
