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.
Pls anyone can help me I watch the video I understand the things my concern is I not able to practice in the charts what should I do makes notes and move forward??
@Goku I’m afraid no one will be willing to respond to posts like yours, mainly for two reasons:
It is not written in a comprehensible style and good English. You do not separate sentences, so it is almost impossible to understand. I assume you are not a native English speaker, so I recommend using translation tools like DeepL.
Take your time and formulate your question correctly so that others understand what you are asking. It is not clear from your post what you do not understand. Give an example.
My concern is that while I understand the concepts taught in ICT, I’m not sure how to practice them on a chart. From what I understand, the videos mainly explain swing highs and swing lows and how the market reacts to those levels.
Yes, you understand that correctly. The video explains how to identify important swing highs and swing lows. It teaches you to recognize important liquidity pools.
Knowing where this liquidity is located helps you determine the direction the price is likely to move. That’s it. There’s nothing to practice here. It’s just one piece of the puzzle.
