Weekly Chart → Predict next weekly candle for weekly bias (where is the market likely to draw to)
Daily Chart → Look for liquidity - swing H/L, imbalances
- In this case, we are expecting DOL at swing low below
Hourly Chart→ expects price to draw towards daily liquidity
- In this case, we had a nice sell off on Thurs before consolidating at night (EST) on Fri & created short-term high & low on the H1 (mark out BSL & SSL)
- buy & sell stops are above/below the short-term H/L → market dumps and take out sell stops (engineers liquidity by inducing shorts) → market drives higher to take out buy stops (huge influx of willing buyers at a high price which is a perfect counterparty to SMC that wants to sell at high price) - in this case cause price took out SSL first instead of BSL, that’s why its “engineering liquidity”
- anytime a significant price move lower is expected, always anticipate some measure of a stop hunt on buy stops/short-term high being taken out (aka bullish, SSL > BSL / bearish, BSL > SSL)
- Other than PDH/PDL, look for nearest swing high and low on H1 at 8:30am EST, and mark ‘em out at BSL and SSL
15 minute Chart
- anytime a significant price move lower is expected, always anticipate some measure of a stop hunt on buy stops/short-term high being taken out → In this case, it is a stop hunt on buy stops at BSL
- in this case, there is also EQHs where retail calls it resistance = more probability for stops to be there = very strong BSL to get hunted
- drop down to 3/2/1 min once stop hunt occurs
3/2/1 minute Chart
MSS of ICT short-term low with displacement (at least body candle closure) - this is confirmation that price is going lower
FVG - sell off the FVG once price retraces to FVG
