Notes
- This trade took place on January 31, 2023.
False Breaker - Speed Bump
Next lesson: 2023 ICT Mentorship - FOMC: February 2023
Previous lesson: 2023 ICT Mentorship - Market Review: January 30
Sup Daniel. Michael didn’t bother to explain why it’s a speed bump and not a breaker. Please tell me why it’s like that
Don’t look at the chart in a pattern-based way. The most important element of any strategy is determining where the price is going (or will go). When the price is heading towards the DOL (as shown in the screenshot above), the breaker will act as a speed bump rather than a point at which the price will reverse.
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