Price action after thursday night's geopolitical spike returns to normal. After the spike the ES retraced to the 6pm open creating a text book ICT bearish breaker pattern. Reaching down to the NY Midnight opening price. Then bouncing up reaching into the first Pd Array above equilibrium (FVG) creating another bearish breaker pattern which re-established the...
The market maker model is great for predicting continuation in a directional change in trend. Key to Identifying the MMM is to watch for a major high to be taken then a long period of flat price action (continuation). The sell leg should an match the order blocks on the buy side. Target is the retracement of the buyside leg.
IPDA (intraday price delivery algo) is yused to anticipate future shifts in the market. The Ipda 20/40 /60 day ranges can predict the seasonal shifts in the market. Today at 12:30 the ES broke the IPDA 20 Day Low. Next target IPDA 40
After large displacement like news events . Anticipate retracement based on bias. Bearish trend - look for retracement into lower 25% range then displacement lower. bullish - look for retracement into upper 75% of range , then displacement higher.
NY PM Session has clear the range . balancing all Bisi and sibi , closing all the gaps to setting the stage for NFP.
NQ spikes off 8:30 News drivers (Jobless claims etc.) then retraces into a prefect OTE entry. Measures displacement with Fib retracement tool. Look for a long entry at .62% to .79% strike zone. deliveRED 90 PTS
Large RTH gaps have a tendency to be closes quickly! This is the third time I seen a gap close in the last week. Remember check the RTH after before the NY open.
In overnight action ES gives us another example of retracement after a breakout. don't give in to FOMO
The market can be viewed in cycles. A- Accumulation M- Manipulation D- Distribution x- R/C reversal or contiuation then it repeats.
DXY opened tonight with a large Gap and after taking out the liquidity above immediately closed the gap
The Market tries to maintain balance. So remember to check the RTH Range in the morning. Large gaps have a tendency to be filled quickly,
It appears that at 8:10 DXY spikes up and down to measure the daily range. then moves towards to the closes high or low.
If your late or miss the breakout be patience and wait for the retracement. don't chase price.1
ICT's Market Structure Shift the shift is created by the when 2 short term lows (stl) form with an Intermediate low (itl) in between. Anticipate higher prices.
One Week later At the exact same time (8:10 pm) DXY made another extreme spike for no apparent reason. Last week the spike disappeared in the morning.
NY AM Session Silver bullet setup! 8:30 candle displaces creating a market structure shift and creating a FVG on the 5 min chart. Price then retest the 5 min. FVG (time distortion) until 9:45 then displaces offering 10 handles. Textbook 2022 model setup.
ES continued bearish after reaching the breaker target friday afternoon. NY AM session provided a retracement and another breaker for a late afternoon short.
Based on ICt OTE entry pattern. BTC has traced in the the Strike zone and turned rnow reaching for SSL below . Target 60K