ICT Mentorship Core Content - Month 9 - Trading Market Reversals

ICTShark · March 27, 2024, 8:10pm

Notes

Reasons for price reversal after breaking the high or low:
- A higher time frame PD array prevents further movement.
- A logical place to take profits at the end of a trend.
- Market makers engineer liquidity to put people on the wrong side of the market.
We should always be aware of where the highs and lows of the last three days are, counting today as day one. These are good places for stop runs.
In general, during the New York session, we expect the market to continue moving in the direction that began in the London session.
We expect a price reversal if the market reaches the HTF PD array during the New York session.
All the findings that apply to the New York Session are equally valid for the London Close Session.
If we understand the context, i.e., institutional order flow, we can predict when market reversals will occur.
We monitor institutional order flow on weekly, daily, and four-hourly charts.
When we see overlapping reversal concepts, the trade idea becomes even stronger. For example, the New York reversal can occur simultaneously with the Intra-Week reversal.