Power of 3 setup/range manipulation setup:
1. Price forms a range typically after an impulse move up or down.
2. After range is established you'll see a period of accumulation.
3. Next the lows are swept (manipulated)
4. Expansion- a lot of times most people will be sidelined whether they got stopped out during the sweep or are just waiting for a bigger dip. So the market usually leaves them behind! If there is a higher timeframe order block below the range, price usually sweeps into it. That is usually a goos bet and presents a good r/r.
hope this helps!!!
1. Price forms a range typically after an impulse move up or down.
2. After range is established you'll see a period of accumulation.
3. Next the lows are swept (manipulated)
4. Expansion- a lot of times most people will be sidelined whether they got stopped out during the sweep or are just waiting for a bigger dip. So the market usually leaves them behind! If there is a higher timeframe order block below the range, price usually sweeps into it. That is usually a goos bet and presents a good r/r.
hope this helps!!!
Note
good*
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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.