Wednesday, April 5, 2023

ICT Weekly Range Profiles | Michael J. Huddleston

These profiles are conceptual models that describe typical patterns in how prices might behave during a trading week. Each profile has unique characteristics that can guide traders in anticipating potential market movements. However, it’s important to note that these profiles are not rigid predictions but rather frameworks to understand market tendencies. 

(I) Classic Tuesday Low of the Week = Bullish Profile
When price is bullish it may manipulate on Monday and hover above a higher a higher time frame discount array. Then on Tuesday it drops into Higher Time Frame Premium-Discount Arrays (HTF PDAs) to form low of the week. 
How to anticipate? To anticipate all this phenomenon you should know the HTF PDA. When the market fails to drop into the discount array on Monday then its most likely that Tuesday will se the drive lower to mark weekly low in London or New York session.
 
 
(II) Classic Tuesday High of the Week = Bearish Profile
When price is bearish it may manipulate on Monday and hover below a higher time frame premium, array. Then on Tuesday it rises into higher time frame premium array to form high of the week. 
How to anticipate? To anticipate all this phenomenon you should know the higher time frame Premium array. When the market fails to rise into the premium array on Monday then its most likely that Tuesday will se the drive higher to mark weekly high in London or New York session.

 
 
(III) Wednesday Low of the Week = Bullish Profile
When price is bullish it may manipulate on Monday and Tuesday and hover above a higher a higher time frame discount array. Then on Wednesday it drops into higher time frame discount array to form low of the week. 
How to anticipate? To anticipate all this phenomenon one should know the higher time frame Discount Array. When the market fails to drop into the discount array on Monday and Tuesday then its most likely that Wednesday will se the drive lower to mark weekly low in London or New York session.
 
 
(IV) Wednesday High of the Week = Bearish Profile 
When price is bearish it may manipulate on Monday and Tuesday and hover below a higher a higher time frame premium array. Then on Wednesday it rises into higher time frame premium array to form high of the week. 
How to anticipate? To anticipate all this phenomenon you should know the higher time frame premium array. When the market fails to rise into the premium array on Monday and Tuesday then its most likely that Wednesday will se the drive higher to mark weekly high in London or New York session.
 
 
(V) Consolidation Thursday Bullish Reversal
When price is bullish it may consolidate on Monday through Wednesday then runs the intra-week low and rejects it forming a market reversal.
How to anticipate? To anticipate this you must know the higher timeframe discount array. And when price fails to drop into higher timeframe discount array then its likely that Thursday will see drive lower on market driver news or interest rate release late New York session around 02:00 PM (New York local time).
 
 
(VI) Consolidation Thursday Bearish Reversal
When price is bearish it may consolidate on Monday through Wednesday then runs the intra-week high and rejects it forming a market reversal.
How to anticipate? To anticipate this you must know the higher timeframe premium array. And when price fails to rise into higher timeframe premium array then its likely that Thursday will see drive higher on market driver news or interest rate release late New York session around 02:00 PM (New York local time).
 
 
(VII) Consolidation Midweek Rally = Bullish Profile
When price is bullish and consolidates Monday through Wednesday then runs into intra-week high and expands higher into Friday.
How to anticipate? When the price is bullish and has yet to run to premium array on the higher timeframe and it has recently rallied from a discount array and simply paused without any bearish reversal price action. This indicates price is about to expand higher for the premium array.
 
 
(VIII) Consolidation Midweek Decline = Bearish Profile
When price is bearish and consolidates Monday through Wednesday then runs into intra-week low and expands lower into Friday.
How to anticipate? When the price is bearish and has yet to run to discount array on the higher timeframe and it has recently declined from a premium array and simply paused without any bullish reversal price action. This indicates price is about to expand lower for the premium array.
 
 
(IX) Seek and Destroy Bullish Friday = Neutral-Low Probability Profile
When price consolidates Monday through Thursday running shallow stops under and above intra-week high, then runs the intra-week high and expands higher into Friday.
How to anticipate? When market is awaiting interest rate announcements or Non-Farm Payroll, it can create this profile in the summer months of July and August. Better to avoid trading in these conditions.
 
 
(X) Seek and Destroy Bearish Friday = Neutral-Low Probability Profile
When price consolidates Monday through Thursday running shallow stops under and above intra-week high, then runs the intra-week low and expands lower into Friday.
How to anticipate? When market is awaiting interest rate announcements or Non-Farm Payroll, it can create this profile in the summer months of July and August. Better to avoid trading in these conditions.
 
 
(XI) Wednesday Weekly Bullish Reversal = Bullish Profile
When price is bullish and consolidates Monday through Tuesday and drives lower into higher timeframe discount array on Wednesday to induce sell stops and then strongly reverses.
How to anticipate? When the market is trading at the long term or intermediate term low, price will pair institutional buying with pending sell side liquidity (sell stops raid).
 
 
(XII) Wednesday Weekly Bearish Reversal = Bearish Profile
When price is bearish and consolidates Monday through Tuesday and drives higher into higher timeframe premium array on Wednesday to induce buy stops and then strongly reverses.
How to anticipate? When the market is trading at the long term or intermediate term high, price will pair institutional selling with pending buy side liquidity (buy stops raid).
 
 
The weekly price movement in financial markets follows a recurring pattern of consolidation, expansion, reversal, expansion again, consolidation, and a potential reverse or retracement:
  1. Sunday Open Consolidation: The week often begins with price consolidation on the Sunday open, reflecting a cautious approach as traders assess the weekend developments.
  2. Monday Expansion: As the trading week gains momentum, Monday is typically marked by an expansion phase. This reflects increased activity and movement as traders react to new information.
  3. Tuesday Reversal: The following day, Tuesday, often witnesses a reversal in price trends. This can be attributed to traders reassessing their positions after the initial expansion phase.
  4. Wednesday Expansion: Midweek, the market tends to experience another expansion phase. This reflects a renewed bout of activity and movement in response to evolving market dynamics.
  5. Thursday Consolidation: On Thursday, there’s often a consolidation phase. Price ranges may narrow as traders assess the overall sentiment and prepare for the end of the trading week.
  6. Midweek Friday Reverse or Retrace: As the week approaches its close, Friday may see a reversal or retracement in trends. Traders might adjust their positions before the weekend, leading to a shift in price direction.

This weekly cycle reflects the rhythm of market sentiment and participant actions throughout the trading week.
 
 
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