/es 1hr Trading Plan, 2/16
ICT smart money concepts.
If uppies into open
-Watch Recent Equal Highs for buyside liquidity raid/stop hunt, then potential reversal back through the range's .23 fib and Bear Market 50% fib retest as support.
-Treat 50% fib like a vol trigger. A move away on volume should see followthrough to the next fib level up/down minimum.
-Watch break of structure: Accumulation for a repricing higher, or rejection back to 50% Bear Market fib.
If Dumpies into open: watch for slowing momentum under the .78 fib.
-Accumulation between .62 and .78 = another test of 50% to trade into the premium side of the array.
-4077 is a major level: Monthly Close + 4H Bullish Order Block 50% encroachment level. Loss of this and we test 4060 low of the array. Just like 4210 to the upside, watch for break of market structure and either a sharp reclaim, or lethargy/accumulation on/near the level.
Don't try to predict the trend until this array breaks one way or the other, or risk getting chopped up
If uppies into open
-Watch Recent Equal Highs for buyside liquidity raid/stop hunt, then potential reversal back through the range's .23 fib and Bear Market 50% fib retest as support.
-Treat 50% fib like a vol trigger. A move away on volume should see followthrough to the next fib level up/down minimum.
-Watch break of structure: Accumulation for a repricing higher, or rejection back to 50% Bear Market fib.
If Dumpies into open: watch for slowing momentum under the .78 fib.
-Accumulation between .62 and .78 = another test of 50% to trade into the premium side of the array.
-4077 is a major level: Monthly Close + 4H Bullish Order Block 50% encroachment level. Loss of this and we test 4060 low of the array. Just like 4210 to the upside, watch for break of market structure and either a sharp reclaim, or lethargy/accumulation on/near the level.
Don't try to predict the trend until this array breaks one way or the other, or risk getting chopped up
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