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Recognizing the Reversal Sequence

TTrades

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[0:00]So if I'm viewing this as a consolidation, reaching into London, we sweep out this high, and I'm expecting a reversal to form here to trade lower.

[0:09]I would anticipate this to be a turtle soup or step one in a reversal. Where would be step two, an inversion forming here.

[0:17]So let's see if that occurs. Here we get the inversion, so then that would be an entry or step two.

[0:23]Now, step three would be looking for this change in the state of delivery or the order block formation.

[0:28]Right here, we do get that order block formation or the change in the state of delivery, and then right after, what do we get?

[0:34]We get a breaker block formation and a fair value gap. You can see how those overlap. Then I would anticipate price to continue to these lows after this reversal has formed.

[0:44]So we reach back up into that fair value gap, into that breaker, body still respecting the change in the state of delivery.

[0:50]And how I would view this is we get a new propulsion block right here, but as we go to trade lower, we go and we take out that low there.

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