pretty boring. open, looking for some type of liquidity run. Maybe rebalance day then fall back into the range. Days like this, draw a broadening formation. $ES_F #TheStrat#ICT
Draw Broadening formations,
NAS weaker
Here is the 1min FVG
higher risk with NY open
move up
Rejection
could take some off at 1R with NY risk
and stopped, supposed to have stop high of day here on open, just too much risk imo.
and that is why i like stop high of candle that created FVG
just rebalanced the day, lets see what happens.
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Rebalance or rebalancing a FVG is when price returns to a Fair Value Gap (FVG) and completely fills it in, removing the imbalance.
This can occur after the fair value gap has been created, as shown below. I like to look for this on the 15/5/1 minute time frames intraday as well as the daily and hourly timeframes.
Importance of displacement and the marking out the displacement range, little thread example. 🧵
As you can see, the first move "breaks" the short term high, but no displacement.
The second one, I highlighted the displacement range, see the quick and energetic move? Thats MSS.
Then mark out the displacement range with your .5 fib to see "discount" and "premium"
you want to long in a "discount" or below the .5 fib
Search for a FVG in the discount to find an entry long.