This teaching will be for discount reaching into premium
When markets are at a premiuum or at a discount theyre always going to look to rebalance to atleast EQ of the last recent range
The reason he uses the open of that orderblock and not the wick is because theres no gap there, minute 11.
Once a level has been hit and moves away it shouldnt be resistance anymore like in this example
Everytime were in an uptrend you want to focus on the downcandles cause thats where institutions are going to buy
Any supportive bullish PD array on the daily chart if its bullish but it fails to give you a buy signal or support price, then the next area you drop back to is a weekly PD array, so something bullish on the weekly chart, if the weekly doesnt get respected and no buy signal is offered then we drop back to the monthly and look for a PD array there. Because retracements can go trough what you see on the daily, daily isnt going to respect the monthly retracement.
Have the weekly and monthly on your daily chart, dont put it on your executable chart but on the other one. Even useful for daytrading, absolutely crucial for swing trading
If youre following the market on the daily chart, and just because it comes into an orderblocks or it fills in a gap and that supposedly is bullish, that doesnt mean that it will keep price up, it could come further on the daily to retrace
When price is bearish and its dropping and we get those small ralliers, thats where banks are buying, theyre long term hedging because they cant get there orders in all in once
At old weekly highs new daily orderblocks form, this is how we can anticipate an ordebrlock to form and we can buy from that especially since the HTF objective hasnt been reached yet
If we lose a level like on the daily we drop back to the weekly, because it might want to retrace deeper. If you cant find anything on the weekly which is unlikely then drop to the monthly
Usually when you see big spikes like this on the daily or LTF and it doesnt make sense, then go up some timeframes and it will make sense what theyve done
The algo primarily works on the daily TF, but if price already absorbed all of the potential liquidity it will go out to the larger open float, that will usely dip you into the weekly ranges