SOFI - 4hr TA
The "Front-Side" & "Back-Side" support levels reference FVG but labeled as such to simplify the candle being tested.
Backside candle in an accumulation range is the first candle in the range. When it is tested I expect a bigger bounce.
IF that EXPECTATION is not met THEN I expect price to target the Frontside candle or last candle in the range and hold through trend. (order block basically)
If at any point ( on lower timeframes) do distribution candles close under the swinglow of that frontside candle, Price is likely targeting the next range and I expect an influx of volume to confirm the moves direction.
likewise for the Inverse.
Backside candle in a Distribution range is the first candle.
Frontside candle is the last candle in the range.
(always from Left to Right.)
Backside candle in an accumulation range is the first candle in the range. When it is tested I expect a bigger bounce.
IF that EXPECTATION is not met THEN I expect price to target the Frontside candle or last candle in the range and hold through trend. (order block basically)
If at any point ( on lower timeframes) do distribution candles close under the swinglow of that frontside candle, Price is likely targeting the next range and I expect an influx of volume to confirm the moves direction.
likewise for the Inverse.
Backside candle in a Distribution range is the first candle.
Frontside candle is the last candle in the range.
(always from Left to Right.)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.