ICT Forex - Market Maker Primer Course - Higher Time Frame Concepts

Daniel · March 28, 2024, 4:39pm

Notes

Key higher time frame levels include yearly, monthly, and weekly highs and lows.
Determination of key highs and lows:
- Yearly Highs and Lows:
  - We use a rolling 12-month calendar from the current date to determine the highest and lowest points.
  - These levels help in identifying long-term market trends.
- Monthly Highs and Lows:
  - We look at the past three months and the immediate previous month to analyze market conditions.
  - Important for understanding short to medium-term trends.
- Weekly Highs and Lows:
  - We analyze the last week’s high and low to assess current market sentiment.
Places where we expect price rejection:
- Double-Top Sweep - This occurs when the price creates equal highs and then sweeps above before rejecting and moving lower.
- Double-Bottom Sweep - This occurs when the price creates equal lows and then sweeps below before rejecting and moving higher.
- Old Highs Sweep - This occurs when the price creates a swing high and then sweeps above before rejecting and moving lower.
- Old Lows Sweep - This occurs when the price creates a swing low and then sweeps below before rejecting and moving higher.