The S&P 500 and the Election Year Cycle | Robert Miner

I am recording this on April 25th and am going to talk about the S&P 500 and the election cycle today. [...] Within the next three weeks there is going to be one of the best setups within the entire election cycle. This is a setup that since 1952 had only one minor losing year (less than -1%). 

 

 

In the above chart the dark black line is the average of all election years since 1952. The gray line is the average of all election years since 1984. The red line is 2024 up to past week.

[...] The second chart just covers the beginning of March through September period of the election years. The blue line is the average of all  election years since 1952. In the first chart we saw the entire year, where the first part of the year is usually fairly negative. On average, we can see this distinct dip into the middle of May.

[...] Here are just two key pieces of information from the election year study from the spring until the end of summer. Number one, the 'summer low' is usually made around the second half of May to the first half of June. So that summer low probably hasn't been made yet. It sort of implies that the S&P is likely to be sideways to down into the second half of May. At least that is based on the averages of election years. Number two, in every election year, when the first quarter was strongly bullish (which it was in 2024), the S&P traded above the March high by September 20th - except for the year 2000, when the summer high came within just seven points of the March high by September 20th.

If the S&P happens to be sideways to down for the next few weeks, we know that the bias is overwhelmingly strong and bullish and that the S&P should then trade above the March high before September 20th. The March high was the high of the year so far, and it is more than likely that the S&P will go sideways to down in the next few weeks. A correction would not be complete prior to May 23rd to 38% time retracement.

Quoted from:
Robert C. Miner (April 26, 2024) - The S&P and the Election Year Cycle. (video)

 

See also:

Robert C. Miner (January 31, 2024) - The Definitive Guide To The U.S. Election Cycle and Stock Market Trends.
Larry Williams (April 24, 2024) - S&P 500 Strength into May 1 & Weakness through Mid May.

Jeff Hirsch & Wayne Whaley (March 24, 2024) - S&P 500 March-April 2024 Seasonality. 

Michael J. Huddleston (March 2, 2024) - ICT Seasonality. 
Jeff Hirsch (December 26, 2023) - 2024 S&P 500 Election Year Seasonal Pattern.
TPR (December 13, 2023) - 2024 in the Presidential Cycle Pattern.

Algo vs DJIA | Handler & Associates, Inc.

Reference:
Handler & Associates, Inc. (April 25, 2024) - OSS Nightly Indicators - Email Newsletter.

Iran Claims Property Rights in Antarctica | Navy Commander Shahram Irani

The Antarctic Treaty was signed in 1959 by twelve countries prohibiting those nations from testing weapons or constructing military bases on the South Polar continent. It entered into force in 1961 and has since been acceded to by many other nations. The total number of parties to the treaty is now 56, agreeing that only scientific investigations can be conducted with results shared and made freely available. The US and Russia maintain a base of claims, but no new claim or enlargement of an existing claim to territorial sovereignty in Antarctica is permitted while the present treaty is in force.

 » We have property rights in Antarctica and they belong to the public. Our plan is to raise the flag there, God willing. 

It is not only military work but also scientific work that needs to be carried out. Our scientists are getting ready for a joint operation, encompassing the efforts of all our people and keeping with the guidelines of our leader, God willing. «

 Navy Commander Rear Admiral Shahram Irani, September 28, 2023.

That said, the Islamic Republic of Iran has rejected the treaty and recently announced its own claim to Antarctic territory. Navy Commander Rear Admiral Shahram Irani said Tehran has property rights in the South Pole where it is planning to build a naval base, declaring that the Iranian nation owns Antarctica and will flex its property rights to not only carry out scientific work, but to raise its flag over a new military installation.

Quoted from:
Robert Sepehr (Feb 23, 2024) - Antarctica Disclosure (video)

S&P 500 Strength into May 1st & Weakness through Mid May | Larry Williams

Larry Williams expects U.S. stock market strength through May 1 (Wed) and weakness to follow through the middle of May.

 

That weakness could be followed by a relief rally into early June, then another leg down in July. “I am heavily short here,” he says. He expects a strong end of the year as a rally gets under way in early September. 

Quoted from:
MarketWatch (April 23, 2024) - Ralph Acampora, Larry Williams and Vance Howard see market weakness ahead. 

 

See also:
Larry Williams (December 18, 2023) - 2024 US Stock Market Outlook.

Top Reasons to Exit S&P Short Positions Soon | Allen Reminick

The S&P market has been behaving as expected. It looks as if April 15 (Mon) or so could be a low followed by a bounce for a few days until April 18 (Thu) followed by another decline into the April 24 (Wed).

 

 Apr 15 (Mon) Major Low ?
Apr 18 (Thu) High
Apr 23-24 (Tue-Wed) Low

Bounce
May 9 (Thu) Major Low ?

May 24 (Fri) Major High
  Jul 24 (Wed) Major Low

 

Today is April 14 (Sun) and we're looking at this forecast as being very similar. But there are several different variations of this particular pattern. The most reliable one so far has been the year 2000 market. It is repeating almost exactly what happened in April of 2000 and that low came in on April 14. But we are looking for a low around April 23-24 (Tue-Wed), another bounce and another low around May 9 (Thu). The May 9th low may not be lower than the market is right now.

The analogs we're using are the year 2000, the 1996 market and the 2006 market. All of which are connected to the present market and you can see the overlap of the 1996 and the 2006 markets and how they go forward is extremely similar but not identical.

They both have a high late May, they both have a low late July. But from now until late May they have different variations on how they go forward. So at this point one needs to be cautious about expecting continued lower prices because the fourth wave does not have to be a big decline. It's after the Elliott fifth wave that you'd expect to see a major decline. 

 

After this whole correction phase is over we're expecting a new high by May 24 (Fri), a strong rally in the month of May and then after that a very big decline from May 24 (Fri) down into July 24 (Wed) area. That could be a very significant short position for those who want to go short or at least one once a hedge, one's long positions during that time. After that July low the market should again rebound strongly and by the end of the year make new highs.

So we're looking at a fourth wave correction which is probably going to end either in the next two weeks or it could be as late as May 9 (Thu) and then the fifth wave rally until late May followed by an ABC meaningful correction of the whole move from October 27th until May 24th that whole up move should be corrected in the two months after that. So if you're looking for a big decline it's not likely to happen now. It's more likely to happen after the end of May. 

 

Quoted from:
Allen Reminick (April 14, 2024) - Top Reasons to Exit S&P Short Positions SOON. (video)

 Solunar Rhythm, Cosmic Cluster Days & Sensitive Sun Degrees | April 2024

 

 

See also:
Tom McClellan (March 29, 2024) - Crude Oil's 10-Year Leading Indication for US Stock Market.

S&P 500 Bear Reversal - Gann's Time and Price Overbalance | Robert Miner

YM and RTY have already made Bear Reversal Signal. S&P and NQ should soon confirm. Gann's time and price overbalance signals: A daily close below 5283 would be an 'overbalance of price' and strong signal the trend should be net Bear for 3-4 weeks or longer.

 

Robert Miner (April 10, 2024) @ X

 

 

S&P 500 Update (April 12, 2024)

Construction of Hell in the Modern Era | Alexander Dugin

When did everything go wrong? In the era of the great geographical discoveries. By crossing the forbidden boundary of the Pillars of Hercules, Western Europe committed an act of irreversible transgression. This was fatal. The place of Atlantis is at the bottom.

 » The cycle of hell construction is almost complete. «

[...] Five hundred years ago, Western Europe began to systematically lose its sanity. And it went mad because once having begun to go mad, eventually you will go mad. Thus, four anomalies were formed.

1. Atheism and materialism in the scientific worldview, based on nominalism and a pathological Protestant ideology, were prevalent. Even then, it could have been concluded that the West was entering an Antichrist mode, with all things Western and modern irreversibly marked by it. The British pseudo-Empire marked the beginning of hypertrophied Atlanticism. The Anglo-Saxons embodied the biblical Leviathan. In the twentieth century, the baton was passed to the USA, but the dominance of the sea civilisation is England’s legacy.
2. The Middle Ages and its Indo-European tri-functional ideology, Catholicism, and Empire were rejected and ridiculed, replaced by a form of capitalism that was pathological in all respects. Ideologically, it later diverged into liberalism (the main form of mental degeneration), nationalism, and an inverted version that acknowledged its foundational principles — socialism. Any ideological movement within the system of capitalism was doomed to mimicry and collapse. Capitalism is absolutely totalitarian. As Deleuze showed, capitalism culminates in schizophrenia.
3. The philosophy of the modern era split (without warning) into an eccentric continuation of the classical tradition and into destructive perversions in solidarity with materialism and the externalism of science. This caused systematic confusion — a semantic shift in interpretations. Thought struggled in the nets like a deer, sometimes breaking through. But where there was breakthrough and where agony, no one reliably knew; often everything appeared to be strictly the opposite.
4. Culture began to transition into civilisation (according to Spengler), cooling down but not without excesses — from time to time, an unpredictable genius discerned the essence of the thickening darkness and pierced it with a shining needle. Overall, culture was deliberately sliding into hell.

Russia suddenly found itself at war with all this — without wishing, understanding, preparing, or expecting it at all. Russia was placed by an invisible hand in the position it now finds itself. Now, against all odds, we must — institutionally! — respond to all the challenges of the civilisation of the Antichrist, including the challenge of technology. All the electronic devices with which the West has equipped humanity turned out to have a catch — through them, it turns out, someone unknown collects information about everyone in order to then rule unchallenged.

 

 On April 4, the day of the 75th anniversary of the founding
of NATO, lightning struck the torch of the Statue of Liberty.

What people hide the most are their sins. They are of interest to Big Brother. He records them and lets them in when needed. Techno-dependence is the most perfect tool of the devil and his civilisation. We rejoice in digitalisation — we help the devil rule us. But what are oceans of sins if not a field of madness? The cycle of hell construction is almost complete. In its way — only our desperate Special Military Operation. Well, how do you propose we interpret it?

Quoted from:
Alexander Dugin on X
April 05, 2024

 

See also:
Michael Millerman (2019) - Introduction to Alexander Dugin's 'Fourth Political Theory' (video)

Israel attacked Iran | Alexander Dugin

Israel attacked Iran. In Syria, which is not Israel or Palestine. This is an act of aggression. Now Iran has no choice but to attack Israel. With all the forces of the Resistance. This war will be started by the Shiites, but at some point it cannot but become a war of all Muslims.

  » Everyone can see the tactics that are used to defeat the enemy in war.

But what no one can see is the strategy from which great victory arises. «
Sun Tzu, The Art of War.

We must take into account timing: Biden does not want it at all, as his priority is the election and support for Ukraine against Russians, but Trump, on the other hand, does not care about Russians, but Israel is dear to him. 

 

Therefore, Tehran has every reason to start a war with Israel as soon as possible. Under Biden and before Trump. The US and NATO will definitely get involved, but with great reluctance. In the meantime Russians will take Kiev and strengthen dramatically anti-Western pole. That's where Trump will come in or civil war will break out in the US. And the world will already be irreversibly multipolar.

Quoted from:
Alexander Dugin on X
April 05, 2024

Compassion, Love and Truth | Princess Vittoria Alliata di Villafranca

The compassion we are speaking of, this rahmah that marks the beginning of every sura of the Quran, was translated as “true charity” or “purest love” by famous Catholic prelates and French theologians of the XVIIth century. They had heard of a great woman saint discovered by the crusaders among the Saracens of Palestine and, believing her to be a Christian, they devoted monumental eulogies to none other than Rabi’a al-‘Adawyya, describing her as the “portrait of true compassion”. This remarkable woman, whose passionate poems are still memorized and chanted from Malaysia to Mauretania, is known in Islam as shahidat al-‘ishq al-ilahi, the true witness of God’s love.

 » In the West as in the East, the virtues of compassion, true love, witnessing
Truth and dying for it have been recognized as an essentially feminine vocation. «

But shahid does not only mean witness in Arabic. Just as in Greek, were the word martys - meaning witness - becomes martyr in the New Testament, the word shahid in the Quran denotes someone who dies out of devotion to God. The first martyr of Islam was a woman, Sumayya. She was the sixth person to embrace the faith, right after the beginning of the Revelation to Prophet Muhammad. She was tortured for days by the polytheists of Mecca under the blazing sun and finally stabbed and impaled with a spear in front of her young son. But she remained steadfast and died as a martyr, the everlasting first witness of Islam.

In my country, Sicily, the patron saints, miraculous healers whose sacred veils protect from earthquakes, volcanic eruptions, breast cancer and rape, are all women, young virgins starved to death or blinded or burnt alive or torn apart for their fortitude and determination. Their luminous path is still very much alive in our people. It would therefore seem that through the ages and across religions, in the West as in the East, the virtues of compassion, true love, witnessing Truth and dying for it have been recognized as an essentially feminine vocation.

Speech of Princess Vittoria Alliata di Villafranca, 

February 26, 2024.

And yet, when a year and a half ago Darya Dugina, a young philosopher who represented Europe at its best, with her ability to fuse Greek metaphysics and Christian tradition, was brutally murdered in a terrorist attack, no Roman prelate celebrated her as the champion of devotion, no outraged feminist called for international sanctions for the crime, no NGO nominated her for a human rights award.  

 

Why? Is it just because Darya was Russian and proud to be part of a nation which she described as “capable of compassion and empathy”? Is it because according to her, unlike the competing Western “wolf-man”, the Russian soul has a softness, a lack of rigid rationality, which it turns into strength, reconnecting the world and healing its wounds?

  » She had revealed the imperative choice that awaits all women today. «

No. It is not so. Nobody had taken the pain to listen to this extraordinary polyglot philosopher, who was also an athletic, elegant, artistic, modern woman. Darya's desire for perfection and beauty and her eagerness to contemplate the absolute essence of Truth were simply hidden behind the appearance of a young journalist. Like all her martyred predecessors, she was an ancilla abscondita, a devoted servant of God protected behind a veil of normality.

It was only when, confronting the Empire of Chaos, Darya raised her name Platonova like a flag to affirm that being a woman today means choosing between two opposite archetypes, that finally the enemy noticed her. Because she had revealed the imperative choice that awaits all women today. The deadly and compelling confrontation that should have remained concealed under gender issues and feminist grievances. Either to be allured by the triumphant role model of Dido, the Phoenician queen who invoked the forces of the underworld to curse with a satanic ritual her lover Aeneas, that she failed to distract from his divine mission. Or to follow at tremendous risk the sacred path of Dante’s Beatrice, the Perfect Being who leads her man beyond the highest levels of Paradise up to the contemplation of the Holy Throne.

Daria has shown us the way to follow if we seek to build the multipolar world from above, contemplating the stars and leaving the sewers behind. It is the duty of all us women who are here today and believe that compassion is our mission and tradition our steed, to pick up the torch of charity and devotion. That inner flame of the heart that preserved Daria’s body and kept it intact, miraculously uncorrupted by the murderous fire, will lead us and protect us. It is up to us to pick it up and carry it on, right now, lighting the path of mankind, blacked out by violence, ambition and arrogance. 

 

Princess Vittoria Alliata di Villafranca

Speech at the Multipolarity Forum in Moscow - February 26, 2024

ICT Syllabus for Beginners - How to Study ICT on YouTube | Darya Filipenka

This is my personal recommendation to study the ICT YouTube channel. I truly believe that this information is enough to understand how the ICT concepts works.  

 

 

ICT Syllabus for Beginners:

Part 1: 

1. Real Money Real Results - First Year Trading Expectations - Part 1 of 3

2. Real Money Real Results - First Year Trading Expectations - Part 2 of 3
3. Real Money Real Results - First Year Trading Expectations - Part 3 of 3

Part 2: 

1. ICT Mentorship Core Content - Month 01 - Elements Of A Trade Setup
2. ICT Mentorship Core Content - Month 02 - Growing Small Accounts
3. ICT Mentorship Core Content - Month 03 - Timeframe Selection & Defining Setups
4. ICT Mentorship Core Content - Month 04 - Interest Rate Effects On Currency Trades

 After Month 4:  

4.1. Bridge Builder - ICT Concepts Overview
4.2. ICT Mentorship 2023 - Advanced Gap Theory Introduction
4.3. ICT Mentorship 2023 - Immediate Rebalance & Institutional Order Flow 

5. ICT Mentorship Core Content - Month 05 - Quarterly Shifts & IPDA Data Ranges

6. ICT Mentorship Core Content - Month 06 - Ideal Swings Conditions For Any Market

7. ICT  Mentorship Core Content - Month 07 - Short Term Trading Using Monthly & Weekly Ranges

After Month 7: 

7.1. ICT Mentorship 2023 - T.G.I.F. Setup

8. ICT Mentorship Core Content - Month 08 - Essentials To ICT Daytrading

9. ICT Mentorship Core Content - Month 09 - The Sentiment Effect
10. ICT Mentorship Core Content - Month 10 - Commitment Of Traders
11. ICT Mentorship Core Content - Month 11 - Commodity Mega-Trades
12. ICT Mentorship Core Content - Month 12 - Long Term Top Down Analysis

Part 3: 

1. ICT Institutional Price Action - Micro-Market Structure & Time & Price Concepts
2. ICT Forex - What New Traders Should Focus On
3. ICT Charter Price Action Model 9 - One Shot One Kill
4. ICT Charter Price Action Model 9 - One Shot One Kill Trade Plan & Algorithmic Theory

Part 4: 

1. ICT Mentorship 2022 Introduction + ICT Mentorship 2023 - Algorithmic Price Delivery & Time Macros Intro
2. 2023 ICT Mentorship - Opening Range Gap Repricing Macro
3.  ICT Forex - Understanding The ICT Judas Swing
4. ICT Mentorship 2023 - Deep Dive Into Institutional Order Flow

Part 5: Market Maker Models

1. ICT Charter Price Action Model 6 - Amplified Lesson
2. ICT Charter Price Action Model 6.2 - Amplified Lesson
3. ICT Charter Price Action Model 6 - Universal Trading Model

4. ICT Charter Price Action Model 6 - Algorithmic Theory

5. ICT Charter Price Action Model 6.3 - Supplementary Lesson

6. ICT Charter Price Action Model 7 - Universal Trading Model

7. ICT Mentorship 2023 - Market Maker Models

Reference: 

Darya Filipenka (March 27, 2024) @ Twitter/X

Darya Filipenka (2023) - Unlocking Success in ICT 2022 Mentorship: The Smart Money Guide to the Full ICT Day Trading Model. 

2016 Premium ICT Mentorship - Core Content Lectures + 2016 Premium ICT Mentorship - Core Content Notes
ICT Forex - Market Maker Primer Course
ICT Market Maker Forex Series
2022 ICT Mentorship + 2022 ICT Mentorship - Notes | Dan Dowd
2023 ICT Mentorship + 2023 ICT Mentorship Gems | Sir Pickle

ICT NY Midnight Open and the Previous Day's High and Low | Darya Filipenka

This is how I incorporate the New York Midnight Open (NMO) level when I prepare my premarket plan. This also helps me to predict possible trend day. Previous highs and lows are important in trading as they can indicate potential market reversals or continuation of a trend. When the market has a predisposed bias or trend, you want to focus on the previous day's high or low. If the market reaches the previous day's high and you're bullish, you want to see if it creates an optimal trade entry. Many times, this formation forms throughout the week in various currencies and assets. There are instances where the market raids the previous day's highs for buy stops and previous day's lows for sell stops. Not every previous day's high or low is the same in terms of opportunity, but there's a criteria to look for when seeking liquidity resting above or below these levels. Understanding the conditions that lead to a raid on buy stops above the previous day's high or sell stops below the previous day's low can help you identify potential market reversals.

 

PDH = Previous Day's High

PDL = Previous Day's Low 

PDA = Premium and Discount Arrays as a guide to determine where to buy and sell

 

Quoted from:

Darya Filipenka (April 3, 2024) @ Twitter/X

 

 

Premium and Discount Arrays

ICT Trading on NFP and FOMC Days | Darya Filipenka

 

» We wait for that initial run. 

I don't care if it goes higher or lower. 

I do know that the first run is generally the fake move. 

It's like a Judas swing. 

And then they keep it where it ran to. « 

 

Michael J. Huddleston, 2023

Reference:
Darya Filipenka (March 20, 2024) @ Twitter/X
Michael J. Huddleston (July 8, 2023) - Trading Taboo Days: NFP, FOMC & Mondays (video) 

 

ICT Price Action Lecture: Non-Farm Payroll Trade Conditions.

ICT Redelivered Rebalanced Premium-Discount Array | Darya Filipenka

A bullish price range is a portion of price action that shows an upward movement, followed by a downward movement, and then another upward movement. This creates a balanced price range where the price action has delivered buy side, sell side, and then buy side again.

 

On the other hand, a bearish price range is a portion of price action that exhibits a downward movement, followed by an upward movement, and then another downward movement. This creates a balanced price range where the price action has delivered sell side, buy side, and then sell side again. 

 

The redelivered rebalanced PD array is depicted with candlesticks, showing the sequence of price moves: up, down, and then up again for a bullish array, and down, up, and then down again for a bearish array. This portion of price action represents a balanced price range.

Imagine the candlestick chart showing this sequence. The first candle goes up, offering buy-side, then goes all the way down to provide sell-side, closing at the bottom. Inside this candle’s wick, we see both buy-side and sell-side. The next candle opens, offering buy-side again, completing the balanced price range. This area of price action is fully balanced.

Now, here comes the interesting part. When there's a balanced price range below a fair value gap, the gap can stay open. This is what we call a breakaway gap. On the other hand, if there's a balanced price range above a gap, it becomes a bearish rebalance redelivered price area, and the gap may not need to be retested.

 

Reference: 

Darya Filipenka @ Twitter/X

 Michael J. Huddleston (2023) - ICT Mentorship 2023 - Immediate Rebalance & Institutional Order Flow. (video)

TTrades (2023) - Discount & Premium - ICT Concepts.

ICT Fair Value Gap | Darya Filipenka

A Fair Value Gap (FVG) is a price action phenomenon that is usually illustrated using three consecutive candles when the wicks of the two candles sandwiching the third candle fail to meet or overlap. A Fair Value Gap (FVG) is a range in Price Delivery where one side of the Market Liquidity is offered and typically confirmed with a Liquidity Void on the Lower Time Frame Charts in the same range of Price. Price can actually “gap” to create a literal vacuum of Trading thus posting an actual Price Gap. It occurs when price leaves a specific level where there’s less trading activity seen and only has a one-directional price movement.

 

 The key point in identifying FVGs is that the gap is only calculated by the impulse up or down candle, 

and the candles on either side of that move. Everything else does not contribute towards that gap.

A Liquidity Void is a range in price where one side of the market liquidity is shown in wide or long one-sided ranges or candles. It occurs when the market aggressively moves away from a consolidation, creating a void of buy-side liquidity. This means that very little buying took place during the price movement. The nature of a liquidity void is that, with a high probability, the price will eventually move back up and trade over the same price levels that were previously void of liquidity. The idea behind FVGs is that the market will eventually come back to these inefficiencies in the market before continuing in the same direction as the initial impulsive move. FVGs are important since traders can achieve an edge in the market. Price action traders can also use these imbalances as entry or exit points in the market.

BISI = Buyside Imbalance and Sellside Inefficiency 

SIBI = Sellside Imbalance Buyside Inefficiency. 

 

A Bullish FVG is a BISI. A FVG is made up of 3 consecutive candlesticks. In a BISI, it starts with the high of candle #1 which will be the FVG low and ends with the low of candle #3 which is the FVG High. A Bullish FVG gets created when the low of candle #3 doesn't overlap the high of candle #1. This happens when there is a displacement in price from candle #2. It is called a Buyside Imbalance Sellside Inefficiency (BISI) because during candle number 2 there is only buyside offered to the market so there's a Buyside Imbalance and because there's no sellside being offered there's a Sellside Inefficiency.

A Bearish FVG is a SIBI. A SIBI starts at the low of candle #1 which is the FVG High and ends with the high of candle #3 which is the FVG Low. A Bearish FVG is created when the high of candle #3 doesn't overlap the low of candle #1. This happens from the displacement of candle #2. It is called a Sellside Imbalance Buyside Inefficiency (SIBI) because during candle #2 there was only sellside offered to the market so there's a Sellside Imbalance and because there is no buyside being offered there's a Buyside Inefficiency.

 

  

Inverted FVG - When price use SIBI (Bearish FVG) as support and when price uses BISI (Bullish FVG) as resistance. In other words word, inverted FVGs are failed Fair Value Gaps that get retraced into later in price. We consider Inverted FVG only when:

1. Bullish FVG formed inside Premium Zone (above Equilibrium).
2. Bearish FVG formed inside Discount Zine (below Equilibrium).

 

Most of the time Bullish FVG that was formed inside Premium Zone will fail to give us reaction when price comes back to that FVG. We want to see price goes lower and bounce back right to this FVG to continue sell off. In this case that Bullish FVG becomes Resistance and I would say Strong Resistance. Exactly the same for the Bearish FVG that was formed inside Discount Zone — we want to see price is trading higher to break this FVG and makes it invalid then retest of this zone again and continue move up. This FVG becomes Support Zone.

Implied Fair Value Gap - it utilizes two wicks and their respective Consequent Encroachment. An Implied Fair Value Gap (IFVG) is an imbalance formation consisting of three candles, as conceptualized by ICT. It involves identifying a larger candle body and measuring the average between the two adjacent candle shadows.

Criteria:

1. Big range candle.
2. Does NOT have a FVG.
3. Candles on either side have long wicks that overlap “Implied FVG”.

Steps:

1. Find Consequent Encroachment of left candles lower wick.
2. Find Consequent Encroachment of right candles upper wick.
3. Space between C.E. wicks is “Implied FVG”.

Balanced Price Range — is the common area between 2 opposite Fair Value Gaps when they overlap each other. This overlapping of the FVGs called double FVG. BPR is the result of an aggressive move up that’s immediately followed by an aggressive move down or an aggressive move down that’s immediately followed by an aggressive move up. What's left after either of these instances is essentially a double Fair Value Gap which can act as a magnet to the price before a continuation move higher or lower. You have to have HTF Point of Interest. Don’t enter blindly into the trade which is have BPR if you don’t know bias for the day. ICT states that in order for price to become a balanced price range it must trade through both directions of the price window. As you can see price traded through the overlapping gaps, rebalancing and redelivering creating a balanced price range. Once we redeliver, expect price to move away aggressively from the gap. 

 

Reference: 

Darya Filipenka @ Twitter/X

Darya Filipenka (2024) - ICT Draw on Liquidity.

Darya Filipenka (2024) - ICT Algorithmic Price Delivery & Time Macros Intro.

Darya Filipenka (2024) - ICT Market Maker Buy Model and Sell Model (MMXM).

Michael J. Huddleston (2021) - ICT Liquidity - The Financial Market's Zero Sum Game.