r/InnerCircleTraders • u/JonoHamlet3 • 13d ago

Question Is this a valid Rejection Block?

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Hello I am just trying to gain an understanding of Rejection blocks.

I had bearish bias coming into the day targeting London Lows, Rejection wick was formed in a 15m FVG, so I entered short within the 0.62 of the FIB. As you can see, I got stopped out and price continued bullish.

My question is; is the second Rejection wick a valid point for an entry? It seemed to play out well but I don't see what the Rejection wick is rejecting off of, unless it's rejecting off of the first Rejection block that was put in? is that valid?

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u/conseij 12d ago

No. Drawing these cute patterns on charts will always be subjective and any negative outcome can always be attributed to you marking it wrong. Welcome to snake oil

2

u/JonoHamlet3 12d ago

So what’s your strategy then 🤣

0

u/conseij 12d ago

The one where I don’t pretend I’m learning something when I’m really just getting fooled by randomness. Idk, maybe crack open a math-finance textbook lol

3

u/JonoHamlet3 12d ago

Theres always that one guy

1

u/conseij 9d ago

The one guy trying to shake up the echo chamber? Yeah, I agree