Notes
- This lesson focuses on essential concepts rather than a complete guide to predicting daily bias.
- One of the elements that MĂchael uses to determine daily bias is an analysis of the long-term, intermediate-term, and short-term highs and lows. This approach is also known in the ICT community as Advanced Market Structure.
- Identifying significant highs and lows helps in predicting potential market reversals.
- After a significant move, the market often consolidates, deciding whether to continue the trend or reverse.
- If we are bullish, we expect the previous day’s high to be broken and the previous day’s low to act as support.
- If we are bearish, we expect the previous day’s low to be broken and the previous day’s high to act as resistance.
- Outside day is a day where both the high and low of the previous day are violated.
- It often signals a potential reversal or strong continuation pattern.
Essentials To Trading The Daily Bias
Essentials To Trading The Daily Bias - Example
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