Notes
- Turtle soup is not the only pattern of accumulation and distribution.
- Price does not need to make a higher high or lower low to make a failure swing. It is also important to compare the closing prices of the price swings.
- In the case of a bearish rejection block, we look for the highest open or close price that forms the swing high. It does not matter whether the highest candle is bullish or bearish.
- In the case of a bullish rejection block, we look for the lowest open or close price that forms the swing low. It does not matter whether the lowest candle is bullish or bearish.
- The candle wick that forms the rejection block is viewed as an order block.
- It is crucial that the swing high or low that creates the rejection block must have a long wick or wicks.
Turtle Soup Setup Examples
ICT Rejection Block - Failure Swing Example
ICT Rejection Block - Distribution
ICT Bullish Rejection Block
ICT Bullish Rejection Block Example
ICT Bearish Rejection Block
ICT Bearish Rejection Block Example
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