Notes
- A large-range day is typically followed by a slow morning session, making it a less favorable trading time
- After large-range days, the price tends to stagnate around equilibrium, making it difficult to identify clear trends.
- Michael recommends avoiding trades in the morning session after a large-range day.
- The afternoon session usually presents better trading opportunities.
- After returning to equilibrium, the price should move decisively in one direction; otherwise, it signals weak momentum and indicates market uncertainty.
- Successful trading involves patience, discipline, and a deep understanding of market behavior.
ES - Equilibrium Acting As Fair Value
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