ICT Month 7 | 2016 Flashcards

1
Q

If I am entering on the monthly Premium Array what should I be targeting?

A

I should be targeting the Weekly Discount Array.

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2
Q

How should I frame a sell around the Monthly Premium PD Array?

A

I scout for the PD arrays on the M,W,D and 4h TF. I am searching for premium and discount PD arrays.
Premium ones are going to offer me resistance and selling.
Discount arrays should be breaking as anticipated.

I refine the PD arrays on teh 1h TF which is going to be executable Time.

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3
Q

What if I am selling on the monthly PD, targeting discount weekly PD AND the price has already moved away from the Premium Monthly PD?

A

If I missed the initial entry then I drop down to the Weekly, Daily and 4h TF PD arrays that could offer setups to go short.

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4
Q

What if I frame a trade around the Weekly Discount PD Array?

A

Then I have to go and scout on Daily, and 4h for Premium PD arrays that could offer selling.

Scout Daily PD array which I could be targeting and on 4h scout for the discount PD arrays that should be breaking.

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5
Q

What is One Shot One Kill Setup?

A

It is framing a trade around the Weekly PD array and targeting Daily PD array executing on the 1h TF.

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6
Q

Why should I look at Bond Markets for high probability trading?

A

Bond markets are going to be moving and that is going to UNLOCK movement in other asset clases. If the Bond market is in consolidaiton that is not ideal trading condition. I want to see bond market moving higher or lower (trending)

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7
Q

What am I anticipating on Monday Tuesday or Wednesday to occur?

A

The highest probability trades are going to occur on Monday Tuesday or Wednesday.

Market should rally higher and then retrace during Mon, Tue and Wed and then during the end of the week anticipate market to expand higher or lower.

During Mon, Tue, Wed I would be anticipating Impulse Price Swing (indication SM is trading) and then retracement for a set up to occur. That should occur during Mon Tue and Wed

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8
Q

What is Impulse Price swing telling me?

A

Impulse Price swing is displacement and it is telling me that there is SM inside of the market place and they are buying or selling (depends on the impulse price swing direction).

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9
Q

How does the general concept look for Bullish OSOK?

A

Market is poised to trade higher on HTF, Seasonal tendency is in lign, Bond Market is moving, COT is telling me net positions are long, SMT with the correlated markets.

Price should have an impulse price swing higher and then retrace during Mon, Tue and Wed. Retracement lower is going to set up buying opportunity to go long. The low of the retracement should form at the Key Discount PD array and fall inside of the KZ (New York or London) ideally overlaping with HIgh Impact News Driver.

Price should expand higher and Thursday NY sesion is most likely going to cap the weekly range.

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10
Q

IF I am trading AUD NZD or JPY then on intraday charts which time period should I focus on during Asia?

A

6PM to 9PM that is sweet spot for asia and it could be extended towards 10PM but do not tradea after 10PM as that is when they are on their lunch break.

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11
Q

How does the general concept look for Bearish OSOK?

A

HTF market is bearish, Seasonal tendency bearish, COT Net Positions Commercials are bearish, SMT with corrlates pairs.

Market should decline then retrace Mon, Tue, Wed to offer selling opportunity at the Premium PD array. The high of the retracement should overlap with the KZ (NY London) and with the HTF Premium Array.

Anticipate price trading lower where Thursday New York session is most likely going to cap the weekly range.

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12
Q

What is when Mon-Wed high or low is traded through.

A

When the high (or low) that is formed between Mon Tue and Wed is traded thru then Intra-week price will tend to expand aggressively towards the Monthyl or Weekly Premium array (higher)

When bullish and the intra week high formed during Mon Tue Wed is broken that is confirmation that I am in buy program and market should be reaching for the HTF Premium array.

and when Bearish focus on the intra week low formed between Monday Tuesday Wednesday as that when broken is confirmation price should trade lower.

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13
Q

When should the low or highs of the week generally form at?

A

Monday Tuesday or Wednesday that is when the weekly high or low is most likely going to form. AND the opposite end of the weekly range should form by Thursday NY Session.

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14
Q

Classic Tuesdy Low of the Week (simple form, profile, manipulation, how to anticipate)

Weekly Template - simple

A

Profile: bullish.
Manipulation: Price is going to hover above the HTF Discount Array on Monday and then it should drop into HTF Discount on Tuesday to form the low of the week.
How to anticipate: Know the HTF Discount Array. Odds are Tuesday will likely see the drive lower (tuesday NY or London session) that is going to set up the stage for buying.

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15
Q

Classic Tuesday Low of the Week (complex form)

Weekly Template - complex

A

Market should be primarly bullish. Tuesday should tap into teh Montly, Weekly or Daily Discount PD Array. Then anticipating expansion higher till Thursday NY sesion.

Targeting the PD array TF lesser than teh one I entered on.

Ideally the premium Targeted Array should be overlaping with Fib extensions of 1.27, 1.68 or Symmetrical price swing.

The Discount PD array could also be one of the graded swing points 25%, 50% or 75% of the graded price swing.

Retracement lower during Monday or Tuesday could also be trading into Fair Value or Void (ideally)

When selecting HTF Premium array to taregt the key is to select it on the TF that is lesser than the HTF Discount array.

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16
Q

Classic Tuesdy High of the Week (simple form, profile, manipulation, how to anticipate)

Weekly Template - simple

A

Profile: bearish on HTF.
Manipulation: Price hovers below HTF Premium array on Monday then rises into the HTF Premium array on Tuesday to form the high of the week.
How to anticipate: Know the HTF Premium arrays. And then Tuesday is most likely see drive higher (London or NY session) into that Premium array.

Always consider that if price trades during Tuesday London session into the Premium Array that Tuesday New York could still form that higher high and then price should reverse.

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17
Q

Classic Tuesday High of the Week (complex form)

A

HTF is bearish. Market on Monday and Tuesday makes a rally higher into the Premium PD array which could be MWD Premium. It can also be paired with graded price swing levels 25%, 50% and 75% OR the market could also run the old Monthly, Weekly or Daily Liquidity Pool.

Targeting the Discount Array on the TF lesser than the Premium Liquidity Pool. Ideally overlaping with the Fib Extensions 1.27 - 1.68 - Symmetrical Price Swing.

Retracement higher during Monday and Tuesday could also be rebalancing some sort of Fair Value Gap or Liquidity Void.

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18
Q

Classic Wednesday Low of the Week (simple form, profile, manipulation, how to anticipate)

Weekly Template - simple

A

Profile: Bullish
Manipulation: Price hovers above teh HTF Discount array Monday & Tuesday. Wednesday drops into the HTF PD array to form teh low of the week.

How to Anticipate: Know the HTF Discount Arrays and when the market fails to drop lower into that array - odds are wednesday is most likely see drive lower during London or NY Session.

Mon and Tue can also be down days to form this profile. Wed London Session low can be ran out on Wednesday New York Session and then the market could create the low of the week.

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19
Q

Classic Wednesday Low of the Week (complex form)

A

Market will create a STL on Monday. Tuesday will see price trading lower into Discount Market (MWD PD array). Wednesday should create the low of the week and then expecting expansion higher into PD array on TF lesser than entry PD array and target ideally overlaping with 1.27, 1.68 or 2 (symmetrical price swing)

On this profile I am anticipating price to reach the target on Friday.

Discount market could also be rebalancing of a FVG or trading into 25%, 50% or 75% graded price swing.

This market profile usually occurs at the EQ of the graded price swing on HTF.

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20
Q

Classic Wednesday High of the Week (simple form, profile, manipulation, how to anticipate)

Weekly Template - simple

A

Profile: Bearish
Manipulation: price hovers below HTF Premium array Monday & Tuesday then Wednesday it rises into the HTF Premium array to form High of the week.

How to Anticipate: Know the HTF Premium array and when market fails to rise into that array - odds are wednesday is most likely going to see the drive higher during London or New York session.

Mon and Tue days can be up days to form this profile. London Open high on Wed can still be ran out by Wednesday New York session and still create this market profile.

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21
Q

Classic Wednesday High of the Week (complex form)

A

Price on wednesday trading into HTF PD array taking out the STH from monday and creating teh high of the week.

This market profile is usually forming around the EQ of the HTF Price swing.

Retracement higher could also be rebalancing the SIBI or liquidity void. Or tapping into the 25% 50% or 75% of the graded price swing.

KEY here is for the target PD array it should be paired with the PD array that is on the TF lesser than our Premium Array and it is overlaping with the Fib level.

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22
Q

Consolidation Thursday Reversal - bullish (simple form, profile, manipulation, how to anticipate)

Weekly Template - simple

A

The Profile: Bullish.
Manipulation: consolidation between Monday and Wednesday. Then price runs the intra week low and rejects it forming market reversal. **KEY here is market is consolidating Monday through Wednesday it is NOT going higher or lower. **

How to Anticipate: Know the HTF Discount Arrays and WHEN the market Fails to drop into that Array odds are THursday will likely see the drive lower. Thursday on a Market Driver News or Rate release late New York Session around 14:00

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23
Q

Consolidation Thursday Reversal - bullish (complex)

A

Gennerally trading sideways from Monday till Wednesday and then on Thursday making a move down first into Discount Array and then move higher.

Anticipating Thursday to run the sell stops below the intra week low generall on some market news driver.

Targeting the Buyside Liquidity pool above the intra week highs.

This weekly tempalte is going to play out usually on the FOMC or Employment Rate release.

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24
Q

Consolidation Midweek rally (complex)

A

Monday Tuesday price expands higher, Wednesday retraces lower back into some discount PD array from Mon or Tue and then continuation lower.

**Wednesday low in discunt should fall into the KZ and be created on some High or Medium Impact News.
**
Using the retracement lower to frame the Premium array that I am going to be targeting. Targeting the Premium MWD PD array overlaping with the 1.27% 1.68% or Symmetrical price swing.

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25
Q

What is Swing projcetion fulcrum?

A

It is the highest point from where marekt started to retrace from. That is the high from where I want to pull fib down into the discount PD array (bullish OB) that is oging to give me swing projections into the premium PD Array.

Focusing on the extensions 1.27% and 1.68% and 2% and pairing those projections with PD arrays where I could take my partials or profit. Ideally PD array is going to be overlaping with some Fib projection.

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26
Q

Consolidation Thursday Reversal - bearish (simple form, profile, manipulation, how to anticipate)

Weekly Template - simple

A

The Profile: Bearish.
Manipulation: consolidation between Monday and Wednesday. Then price runs the intra week high and rejects it forming market reversal. **KEY here is market is consolidating Monday through Wednesday it is NOT going higher or lower. **

How to Anticipate: Know the HTF Discount Arrays and WHEN the market Fails to rise into that Array odds are Thursday will likely see the drive higher. Thursday on a Market Driver News or Rate release late New York Session around 14:00
This is generally FOMC, NFP and Rate adjustments.

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27
Q

Consolidation Thursday Reversal - bearish (complex)

A

Consolidaiton Monday till Wednesday. Thursday makes a run higher above the intra week high on FOMC or Employment release and then it reverses going for the sellside liquidity below the intra week low.

Thursday reversal occuring on some high impact market driver coming out at 14:00 or 8:30

28
Q

Consolidation Midweek rally (simple form, profile, manipulation, how to anticipate)

Weekly Template - simple

A

Profile: Bullish
Manipulation: Consolidaiton between Monday and Wednesday then price runs the intra week high and expands higher into Friday.

How to Anticipte: When the market is bullish and has yet to run to the Premium Array on the HTF and it has recently rallied from a Discount Array and Simply paused without any Bearish Reversal price action. Indicating price should expand higher for the Premium Array.

29
Q

Consolidation Midweek decline (simple form, profile, manipulation, how to anticipate)

Weekly Template - simple

A

Profile: Bearish
Manipulation: Consolidaiton between Monday and Wednesday then price runs the intra week low and expands lower into Friday.

How to Anticipte: When the market is bearish and has yet to run to the Discount Array on the HTF and it has recently dropped from a Premium Array and Simply paused without any Bullish Reversal price action. Indicating price should expand lower for the Discount Array.

30
Q

Consolidation Midweek decline (complex)

A

Monday declines lower, then Wednesday (or Tuesday) should retrace back into the bearish OB from MWD TF or FVG and high or medium impact news during Wednesday London or NY Session to create the high and then price should continue trading lower.

Targeting the WD Discount PD array that is overlaping with the swing projeciton of 1.27% or 1.68% that is where price should trade to.

31
Q

Seek and Destroy Bullish Friday (simple form, profile, manipulation, how to anticipate)

Weekly Template - simple

A

Profile: Neutral - Low probability.
Manipulation: Consolidation Between Monday and Thursday. Market is running shallow stops under and above the intra week swing points then it runs the intra week high and expands higher into Friday.

How to Anticipate: When the market is awaitin Interest Announcements or NFP can create this Profile in the Summer months July and August. Better to avoid those conditions

32
Q

Seek and Destroy Bullish Friday (complex)

A

Consolidaiton through out the week and then Thursday raids the sell side liquidity [intra week low] combined with the high or medium impact news events (generally FOMC or Employment rate)

Targeting the intra week high for buyside liqudity and the W or D TF PD array that should be resting above the Intraweek Buy Stops liquidity pool.

One of the hardest templates to trade.

But once price trades into the HTF W or D PD array (Target) taht is when I am looking fo real reversal to occur.

33
Q

Seek and Destroy Bearish Friday (simple form, profile, manipulation, how to anticipate)

Weekly Template - simple

A

Profile: Neutral - Low probability.
Manipulation: Consolidation Between Monday and Thursday. Market is running shallow stops under and above the intra week swing points then it runs the intra week low and declines lower into Friday.

How to Anticipate: When the market is awaitin Interest Announcements or NFP can create this Profile in the Summer months July and August. Better to avoid those conditions

34
Q

Seek and Destroy Bearish Friday (complex)

A

Rather looking at the outcome of this profile than trading it.

Mon, Tue, Wed are generall consolidation. Thursday runs the intra week high [BSL] on High or Medium Impac News event.

Targeting Intra week lows for the sellside liquidity and anticipating price to trade into the Daily or Weekly Discount PD Array.

Once price reaches the target that is where I am looking for the real reversal to occur (At the W or D Discount PDA)

35
Q

Wednesday Weekly Reversal - bullish (simple form, profile, manipulation, how to anticipate)

Weekly Template - simple

A

Profile: bullish.
Manipulation: Consolidation Monday through Tuesday - drives lower into a HTF Discount array to induce Sell Stops and then strongly reverses. Wednesday Low of the week formed.
How to Anticipate: When the market is trading at a long term or intermediate term low - price will pair Institutional Buying with Pending Sell Side Liquidity [Sell Stop Raid]

36
Q

Wednesday Weekly Reversal - bullish (complex)

A

Look for Wednesday run lower below the monday STL and price reaching into some MWD Discount Array where market should reverse and then trade higher for the W or D Premium PD overlaping with 1.27 or 1.68% fib projections.

High or Medium news event could be the driver for lower prices on Tuesday going into Wednesday to create the low of the week.

37
Q

Wednesday Weekly Reversal - bearish (simple form, profile, manipulation, how to anticipate)

Weekly Template - simple

A

Profile: bearish
Manipulation: Consolidation Monday through Wednesdy - price drives higher into a HTF Discount Array to induce Buy Stops then strongly reverses.
How to Anticipate: When the market is trading at a long term or intermediate term high - price will pair Instiutional Selling with Pending Buy Side Liquidity [BSL]

38
Q

Wednesday Weekly Reversal - bearish (complex)

A

Monday creates STH, Tuesday has a run higher based on the high or medium impact news event taking out monday high (STH) and taping into MWD Premium Array, where price reverses creating high of the week and trades lower for the weekly or daily discount PDA overlapping with 1.27% or 1.68% fib extension.

Generally Tuesday or Wednesday will give me the high or low of the week.

39
Q

What does it mean TIME and Price and what should I be doing on the daily TF i?

A

When talking about price I am talking about PD Arrays.

When talking about Time it is about 20-40-60 lookback and about 20-40-60 cast forward.

IPDA lookback is reffered on the Daily TF and basically everyday I look 20-40-60 days back to identify the PD Arrays that are present in price.

By combining TIME x PRICE i get the understanding of what PRICE Is most likely going to be doing.

The PD Arrays in the PD Arrays are listed in order that the algo will seek those respective price reference points.

40
Q

How Do I do my Analysis on the Daily when reffering to TIME and PRICE?

A
  1. I break my D TF in reference of TIME. Meaning LOOKBACK of 20-40-60 trading days.
  2. Break the range in the last 20, 40, 60 trading days
  3. Determine all the PD Arrays inside of the last 20 trading days as with short term trading I am mostly going to be focusing on teh last 20 days

IF all the PD Arrays from teh 20 days were already exhausted then lookback 40 days and do the top down analysis there.

41
Q

When taking every trade setup it should be reference in regard to what (TIME X PRICE)?

A

Time meaning the lookback ranges of 20 40 and 60 trading days.

Price which is basically the PD array matrix.

42
Q

How does price move in reference to Time and Price?

A

Price moves from Premium Array to Dsicount Array OR from Discount Array to Premium Array. In between those two PD Arrays Price will key of a Time element related to IPDA Data Ranges.

Blending Time (20-40-60) with Price (PD Array Matrix)

43
Q

When doing OSOK I have to focus on how much lookback and how to define the range?

A

When doing OSOK focus on the last 3 months of data (60 trading days) and define the setup based on the bodies of the candles.

Split the range into old low (bodies) - 25% grade - EQ - 75% grade and old high (bodies).

After that I can define the PD Arrays in the last 60 trading days.

44
Q

Where are highest probability shorts occuring and where buys?

A

Highest probability shorts are going to occur in premium as that is where SM is allowed to sell and highest probability buys occuring in discount as SM is going to be permited to buy there.

45
Q

Can the quadrants of old low - 25% - 50% - 75% - old high be divided further?

A

Yes each quadrant can be defined in its own premium and discount ranges.

46
Q

Where is price going to be most choppy?

A

At the EQ of the dealing range and that is where price is going to be most choppy.

47
Q

If price is in a discount market of overall premium market can it go higher?

A

If price is in a discount market of a overall premium market it can still go higher because it has ROOM to go higher. But the probabilites for buying are going to fall off hte deeper I go into premium.

48
Q

What is going to occur to the PD array that has been already used?

A

ALGO knows the price has been there meaning it is going to seek new liquidity and expand to allow the banks to take participations higher or lower.

49
Q

What does it mean price is fractal in terms of consolidations and expansions?

A

Price is fractal meaning what it consolidaiton on one TF can be expansion on another TF.

50
Q

If price offers displacement from some logical PD array in discount where it should trade next?

A

Price should be reaching for some logical institutional reference point where the SM can UNLOAD those long positions at a profitable point. SM has to find willing buyers at a higher level meaning I have to look for PREMIUM PD Array where willing participants in the marketplace will want to buy from a lower holding long holder or in this case SM.

51
Q

When looking at the graded price swing where can I anticipate the PD arrays to form?

A

The PD arrays (OB, FVG, BRK) of high probability are going to form near a graded price swing level (25% - 50% - 75%) or in between those levels.

Always focus on the 25% - 50% - 75% price levels and the half points in between those levels meaning (12.5% - 37.5% etc.) because price is going to form logial turning points at that price levels.

52
Q

How should the weekly PO3 look like on the market that is bullish?

A

Low of the week should be near the open and high of the week should be near the close.

On a bullish week: market will open and then tend to trade lower to induce more sellers. Trading lower into some logical PD array where it should create the low of the week and then continue trading higher.

Thursday New York Session is usually going to cap the weekly range.

53
Q

Why are price swing grades levels (25% - 50% - 75%) levels so importnat.

A

When the market reaches for the graded price level (25% etc) it is like a mile marker for the algorithm, it iwll reach for it and then give participatns at the bank level opportunity to enter. If it breaks thru the levle I know that price is most likely going to reach for the next level (graded price swing level) higher or lower.

54
Q

How is market going to trade in regards to PD arrays and graded price swings?

A

Each week the market will seek to trade from one PD array to another. It will trade from one Quadrant to another with the least resistance, premium to discount or discount to premium market valuation.

And 4h Chart is going to be the best TF to see how weekly range is going to play out.

55
Q

If looking at the bullish market when am I anticipating for low of the week to form?

A

Monday Tuesday or Wednesday looking for the weekly low to form if the weekly candle is bullish AND every time the low is going to form at some LOGICAL PD Array.

56
Q

How much of the weekly rang eis usually completed inside Mon to Wed?

A

30% to 50% of the weekly range is typically completed inside Monday to Wednesday.

That means if weekly range is bullish and I do not capture the long during Mon, Tue or Wed and market has already ran higher, it is important to know that Thursday and Friday are most likely going to be smaller ranges because the weekly range could be less volatile than anticipated.

DO not anticipate massive moves higher or lower in the last two days of trading (Thr, Fri)

57
Q

Which market profile is the hardest one to understand?

A

It is the market reversal profile.

58
Q

What is going to be a classic sign for me to anticipate a market reversal profile during the week?

A

If Monday and Tuesday (during the start of the week) I see a massive move higher or lower (market moving agressivly higher or lower) that is a sign that it is in a rush to make a weekly range or it is going to a Institutional Reference Point that could potentially cause it to reverse and go the other way.

The SPEED and the MAGNITUDE of price during the start of the week is the sign (characteristic) that price could have the intra week market reversal.

BUT I HAVE TO LOOK AT THE HTF PD arrays to confirm it.

59
Q

When is price in Balanced Range?

A

That is during consolidation when there is buyside and sellside delivery.

60
Q

When chances increase that I am most likely going to see a market reversal profile intraweek?

A

The evidence that the market is moving aggressively during the start of the week Monday and Tuesday → if I see sudden quick movement in price and MAGNITUDE (meaning price covering big ranges or a lot of distance, it has to exceed the average distance from the last couple of days, it has to exceed the Average Daily Range → chances are I am most likely going to see market reversal profile → it does not mean it will happen always just start considering it)

61
Q

How can confirm market reversal profile?

A

Market reversal profile can be confirmed with the HTF PD array (TF higher than the one I am on) meaning HTF Discipline is ALWAYS going to win and that is the reason WHY I have to focus on M W D and 4h PD arrays as they are the most important ones. AND Remember W PD array is going to have more influence over the price as 4h or D PD array.

62
Q

Sum up the two points that could confirm a market reversal profile intraweek?

A
  • The speed and magnitude at which price moves on Monday and Tuesday -> those are my first signs that price is most likely gooing to have a Intra-week market revresal.
  • LOOK FOR overlaping opposing trading models. if HTF is suggesting higher and LTF suggesting lower -> THE HTF IS ALWAYS GOING TO WIN.

the HTF Is always going to have dominance over the LTF and that is the reason why I have to focus on HTF (M, W, D and 4h)

63
Q

What are the 5 Key points for OSOK setup?

A
  • Time & Price overlaping (20-40-60 & PD array matrix)
  • PO3 on the weekly candle range
  • Day of the week concept - Mon, Tue, Wed 70% to form high or low of the week.
  • Seasonal Tendency
  • COT Analysis.
64
Q

When price in discount where should I atleast anticipate price trading to?

A

When price is in discount I would always look for price eot at least try to pull back to EQ (50%) and then determine if it WANTS to go higher into premium or if it wants to go lower again into deeper discount.

65
Q

How can measure retracements?

A

Measuring retracements from high to low to help me with my swing projections and target objectives focusing on the 1.28%, 1.62% and 2% and that is where price should trade to.