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71-ICT Mentorship Core Content - Month 7 - Intraweek Market Reversals and Overlapping Models

Last modified by Drunk Monkey on 2022-10-03 13:05
1 00:00:08,039 --> 00:00:18,509 ICT: Welcome to Lesson Seven folks of the short term trading module for ICT mentorship. This teaching is dealing with intra week reversals and overlapping
2 00:00:18,509 --> 00:00:19,109 models.
3 00:00:25,770 --> 00:00:37,440 Okay, obviously, in every one of our teachings, we have to remind you that we're working with time and price. And one of the questions I want to lead in this
4 00:00:37,440 --> 00:00:49,710 teaching with is, obviously, I've shared with you specific weekly profiles. And when I was teaching for free, I taught that there were market reversal profiles,
5 00:00:49,920 --> 00:01:00,510 intra week, and inter day. And we'll talk about intraday when we get into day trading. But for short term trading, there's intra weak market reversal
6 00:01:00,510 --> 00:01:14,880 profiles, that for the uninitiated, or the uninformed, there are many times caught off guard by the likelihood of a potential reversal. And early on in my
7 00:01:14,880 --> 00:01:23,670 career, I had these events as well. And it plagued me it was one of those things that just kept coming up all the time, I'd have a trade, it was profitable, it
8 00:01:23,670 --> 00:01:32,010 would be working for me, and then something would happen midweek. And it would completely reverse. And I would hope and pray that it would get back in sync
9 00:01:32,010 --> 00:01:43,530 with what I was expecting to see as a long term trade. And it didn't happen, it came back and roll right up against me and either stopped me out or pressured me
10 00:01:43,530 --> 00:01:56,220 so much that I had to get out of the trade. If you've never experienced this, you will eventually. So it's important that we cover it now, one of the hardest
11 00:01:56,220 --> 00:02:08,790 things for me to teach you, when it comes to market profiling is the market reversal profile. Because I have to teach not just one element of trading or
12 00:02:08,850 --> 00:02:18,840 discipline of trading, but I have to teach a multiple approach, either swing trading, short term trading, day trading, or position trading, swing trading and
13 00:02:18,840 --> 00:02:31,470 short term trading something to that effect. So it can't be understood as efficiently as it would be is if the student or the trader was well versed in
14 00:02:31,500 --> 00:02:41,790 more than one trading discipline. So when I was teaching on the forums years ago, and I was sharing my information on YouTube, and on my own website, the
15 00:02:42,300 --> 00:02:52,830 problem I was well aware of, but I wanted to kind of like lay some foundations. So the folks that were really involved in learning and studying, they could have
16 00:02:54,060 --> 00:03:04,170 not get to the what I'm going to share here, but you know, come to the conclusion that there are certain guidelines and approaches to leads to a
17 00:03:04,170 --> 00:03:15,810 potential ensure weak market reversal profile. And we're gonna cover the components that leads to that in this teaching here. Okay, in our example,
18 00:03:15,810 --> 00:03:30,750 again, we're gonna be using the British pound. And this time by having RPD arrays, again, I want you to focus on this low right here. This actually
19 00:03:30,750 --> 00:03:41,850 happened, the week of this recording, and it created what we're going to be talking about in this teaching. That's kind of waiting for this week to close
20 00:03:41,850 --> 00:03:50,040 anyway. So I can actually use this as an example. But if you go through the notes in this teaching, you'll be able to go back over historical data and see
21 00:03:50,040 --> 00:04:02,100 where they manifest themselves. And the criteria I teach. In this lesson, you'll see that a just like script, it follows almost to the to the letter. So what
22 00:04:02,100 --> 00:04:10,800 we're looking at is the low that was formed on cable and the intra week reversal. And what led up to that and what are the characteristics that
23 00:04:10,830 --> 00:04:23,130 generally are a part of this phenomenon? First, we have to identify the fact that the market was in a premium market, classified by the large trading range
24 00:04:23,130 --> 00:04:32,910 that we talked about and outlined in lesson five. So we're in the premium range of the pdra matrix. And perhaps you saw that the market was trading up into the
25 00:04:32,910 --> 00:04:41,160 weekly rejection block or traded up into an old bearish order block on the daily chart. So therefore, we could potentially see the market trade lower as we were
26 00:04:41,160 --> 00:04:51,600 anticipating potentially seeing this week, but it trades down into a lower level PD array in the discount. It doesn't do it over the course of the entire week.
27 00:04:51,600 --> 00:05:05,010 No, no, it does this in a matter of 24 hours. So as the market in this case, the able British Pound USD trades over 200 points.
28 00:05:06,569 --> 00:05:16,829 In a period of 24 hours, the market reaches for a level with speed for a particular reason. And when you look at the daily chart here, we've outlined the
29 00:05:16,829 --> 00:05:27,089 PD arrays, and you can see that there's a daily bullish order block mean threshold. And price reaches right into that on Wednesday of the week of this
30 00:05:27,089 --> 00:05:42,239 recording. When we see a fast market, we have to immediately assume that they're reaching for a level institutional order flow that is highly critical for
31 00:05:42,269 --> 00:05:52,409 efficiency on the interbank level. Now, that may be in the form of commerce globally, or it could be in the form of a repricing at the central bank level.
32 00:05:53,009 --> 00:06:04,379 Either one of those could happen rather quickly. And while it took some time to gradually drift down over the 24 hour time period, for that whole entire range,
33 00:06:04,379 --> 00:06:19,739 the form between Tuesday going into Wednesday is low. And the idea is you're going to anticipate at the beginning of week a certain outcome. And it's prudent
34 00:06:19,739 --> 00:06:29,309 that you stick to that, okay, because over the course of a career, you're going to get caught in a reversal like this once in a while. It's not going to play
35 00:06:29,309 --> 00:06:38,849 your career, obviously, after learning that what's being taught in this lesson. But you'll also have a checklist on things that may lead to that type of
36 00:06:38,849 --> 00:06:49,319 scenario. And if you go back over to the chart index, and look at some of the examples we were talking about as it relates to the cable, there were telltale
37 00:06:49,319 --> 00:06:59,699 signs, and I gave you a little marker telling you that there is a potential area of bounce likely in this pair would lead me to that other things that I'm going
38 00:06:59,699 --> 00:07:08,399 to teach you in this lesson. Because I understand multiple dimensions of trading, whether it be position trading, short term trading, swing trading, day
39 00:07:08,399 --> 00:07:20,189 trading, scalping, all that business. I'm versed in understanding and reading price. Universally, it's not one type of timeframe. To me, that makes sense.
40 00:07:20,189 --> 00:07:31,499 It's all the timeframes on how to blend them together. And that part comes with experience. And after a measurable growth in your experience, and working within
41 00:07:31,739 --> 00:07:39,989 different disciplines of trading. This is the reason why I tell you, regardless of whatever you think you want to be at the beginning of the mentorship, it's
42 00:07:39,989 --> 00:07:49,109 going to graduate into other things. But I'm forcing you across all of them if you're willing to submit to all of them and stay with the mentorship. Again,
43 00:07:49,109 --> 00:07:57,809 it's not a plug, you decide whether you're staying here or not. But by having a well versed approach, and understanding across all the disciplines, you
44 00:07:57,869 --> 00:08:06,479 inherently have a advantage over those individuals that just stick to just one format or discipline of trading. I'm a scalper I'm only going to worry about
45 00:08:06,479 --> 00:08:16,589 scalping. Okay, well, then you're not going to be that good at scalping because you have a limited myopic view on price action. So having a well rounded
46 00:08:16,589 --> 00:08:28,049 approach to price action, multiple timeframes, different disciplines, you will, by default, be a better trader at whatever discipline you focus on as a career.
47 00:08:30,629 --> 00:08:39,179 So we're going to look at this little range in here. Now, it's not so much of a little range, but we're gonna look at the move in this particular decline down
48 00:08:39,179 --> 00:08:50,009 into the daily bullish order block mean threshold. And what was the catalyst that led to that reversal? First thing you want to notice is that price is
49 00:08:50,069 --> 00:09:00,629 unwilling to leave the premium. So we're in the upper portion of larger trading range defined by in less than five. So while we saw initially in the beginning
50 00:09:00,629 --> 00:09:09,869 of the week, the market wants to decline. And it was doing it aggressively and speedily if you will. By seeing that we could have if we didn't understand pdra
51 00:09:09,989 --> 00:09:19,229 Matrix discount arrays, we could have easily expected this market to keep on trading lower median going down to the fair value gap. Or if your classic
52 00:09:19,229 --> 00:09:34,439 Support Resistance person, maybe just that old low made back in January. myopic I know, but nonetheless, this view leads to what many times breaks accounts, it
53 00:09:34,439 --> 00:09:43,679 ends careers, it dashes the hopes of would be traders because they aren't informed. You're learning the mechanics of how price is delivered. We're going
54 00:09:43,679 --> 00:09:53,819 to look at this range here and define it in a context that would otherwise not be available to you. So we're gonna look at the first two days of the week,
55 00:09:54,449 --> 00:10:01,019 going into Wednesday's low and I want you to understand Just how much
56 00:10:01,410 --> 00:10:12,930 that price range is it's extraordinary it look at the length of that candle. For the most part, it's many times larger than the general average of all the
57 00:10:12,930 --> 00:10:22,980 candles here. Now obviously, there's a few of them here that are larger, but in general terms, the candles slightly before in the candles to the right of it,
58 00:10:23,310 --> 00:10:42,090 that large down candle on Tuesday. It's pretty much a dominating candle. So it was speed at which it moved in one trading day. To get down to a specific
59 00:10:42,090 --> 00:10:52,710 institutional order flow reference point. We're gonna take a closer look at this. And we're gonna look at a four hour chart, and we're gonna refine it and
60 00:10:52,710 --> 00:11:03,480 give it a little bit more detail. The yellow areas that same range to find across the entire week. from Monday's rally, Tuesday's decline and Wednesdays
61 00:11:03,480 --> 00:11:15,840 low. And price returns to a discount pdra reversing intra week. Now we can see it clearly here. It's hindsight. It's perfect. It's 2020. We can see it. But we
62 00:11:15,840 --> 00:11:24,720 have to go into it with the details, because that's what's going to help you see what it looks like going forward. Why did we anticipate a bounce there? Why did
63 00:11:24,720 --> 00:11:33,960 I give it to you in your chart index this week, the things I'm going to show you here. I want you to take a look at the low here. And it forms on Wednesdays
64 00:11:34,920 --> 00:11:50,910 market low and it's trading at a daily bullish order block means threshold. After the bounce at the Daily bullish order block mean threshold ELLIPTA draws
65 00:11:50,910 --> 00:12:03,630 price up into a four hour bearish order block premium pdra. Notice the efficiency out trades right up into it, it's exactly right to the logical area
66 00:12:03,630 --> 00:12:13,440 where price should reach for if it's going to a premium market. There's very little movement below the level that's identified as the daily bullish order
67 00:12:13,440 --> 00:12:26,550 block mean threshold. And it trades right to the four hour bearish order block. You can't get any better than that in terms of price delivery. clearly seen with
68 00:12:26,550 --> 00:12:37,620 the four hour block traded here. Now we're going to take it, refine it down to an hourly chart and give it a lot more flesh on the skeleton we're outlining as
69 00:12:37,620 --> 00:12:46,770 a market reversal profile. I want you to note the large decline from the first of the week. Now obviously, I'm beating this in your head because this is the
70 00:12:46,770 --> 00:12:56,190 classic telltale sign that you have a potential market reversal profile. Think about it every time that the market quickly starts trading on Monday or Tuesday
71 00:12:56,190 --> 00:13:07,050 aggressively and speedily. That's usually a telltale sign, it's in a hurry to make a weekly range, or it's going to go to an institutional order flow
72 00:13:07,170 --> 00:13:19,950 reference point that could potentially cause it to reverse and go the other way. So now we can see Monday starts as a potential high the week profile. Rallies
73 00:13:19,950 --> 00:13:28,140 initially read from Sunday's opening declines a little bit and then we have another rally into the london session on Tuesday and aggressively trades lower
74 00:13:28,590 --> 00:13:42,390 trading right into the changeover from Tuesday into Wednesday, creating the low of the week. And then we have an aggressive move off that low. This right here,
75 00:13:42,390 --> 00:13:54,060 this price declined the speed at which and the magnitude of which it moves is the telltale sign that's the characteristic that leads you to okay, we're really
76 00:13:54,060 --> 00:14:04,080 moving quickly and we're covering a lot of ground in the beginning of the week. Whenever that happens, you immediately start looking for higher timeframe PD
77 00:14:04,080 --> 00:14:15,540 arrays that may cut costs or be a catalyst for intra week market reversal profile. If you do not do this and you fall into the the thought process that
78 00:14:15,540 --> 00:14:16,020 okay.
79 00:14:17,790 --> 00:14:27,000 It's moving quickly it's moving fast so therefore I'm going to make a lot more money in double time and it's probably going to have an equal Leg Lower later in
80 00:14:27,000 --> 00:14:39,600 the week and the same movement. No Don't think like that. Okay, don't think like that at all. Speed in price is indicative of them getting to a valuation point.
81 00:14:40,350 --> 00:14:49,230 When price is in a hurry to get somewhere think about when central banks reprice, for instance, when they do interest rate announcements, okay? There's
82 00:14:49,230 --> 00:14:59,370 very little time from where right before the announcement, then the news comes out and then the rate changes that is not attributed to buying and selling.
83 00:14:59,490 --> 00:15:08,340 Okay, That's a repricing based at the central bank level, it's a sudden thing. And that's why there's such a wide disparity between where price is at one
84 00:15:08,340 --> 00:15:24,840 moment, and then all sudden it's somewhere else. That repricing is a response to a central bank intervention or interest rate announcement. When there is no
85 00:15:25,170 --> 00:15:34,800 central bank involvement, and prices just aggressively and speedily moving, okay, that's based on evaluation through speculation. So they're taking the
86 00:15:34,800 --> 00:15:49,110 market down through HIPAA, in this case, down to a daily premium, to discount range. In other words, it's moving away from a premium down into a discount PD
87 00:15:49,110 --> 00:15:59,520 array. But we're still in the larger premium range. So if you were just looking at price and you understood, overbought, oversold, this would look like it's
88 00:15:59,520 --> 00:16:06,780 probably going to keep going lower, it's going to continue going lower. But no, the only thing it's doing is it's showing a willingness to get back down to a
89 00:16:06,780 --> 00:16:17,280 discount level. Okay, think about how I showed you in the previous lesson, how you can grade modulars smaller ranges in terms of premium and discount arrays.
90 00:16:18,510 --> 00:16:29,130 That same thing is being used here, but just in scope of keeping it in the upper portion of the premium range on that daily chart that we broken down in lesson
91 00:16:29,130 --> 00:16:41,340 five. So while we're still overall in a premium market, longer term, short term, it can continuously move higher and keep making higher highs. Think about it
92 00:16:41,340 --> 00:16:47,670 like when you trade with bearish divergence. Just because the momentum indicators diverging bearish, it doesn't mean price is going to say okay, well
93 00:16:47,670 --> 00:16:55,920 I'm gonna turn around go the other way because stochastics or MACD, it continuously can can keep moving higher up, that same element takes place when
94 00:16:55,920 --> 00:17:05,670 we're looking at just price action alone. So while we are in a premium market, the market is showing a willingness to not here's the key, not move out of a
95 00:17:05,760 --> 00:17:14,280 premium market numbers. Why didn't this continuously go lower Wednesday into Thursday going into the discount market? Because it needs to go higher, a wants
96 00:17:14,280 --> 00:17:25,860 to go higher. So if it's not going to go lower, and it wants to go higher? Where do we focus, we focus on premium PD arrays. Now Wednesday breaks a short term
97 00:17:25,860 --> 00:17:39,270 high. And then we start seeing evidences of institutional sponsorship on every bullish order block. Every order block that forms with a down candle or a series
98 00:17:39,270 --> 00:17:49,050 of down candles, we extended out in time, you can see them capitalizing each one of them with new long positions. And we're seeing a positive confirmation
99 00:17:49,050 --> 00:18:02,160 because price is quickly surging away from that level. In every instance, we see new evidences of institutional sponsorship and up into a fair value gap premium
100 00:18:02,160 --> 00:18:17,880 PD array. Now, intra week reversals, will many times look to return to the previous bounce the price range or exceeded. Now what does that mean? Think
101 00:18:17,880 --> 00:18:32,250 about the market maker sell and buy profiles. Okay, there were market maker sell and buy models. In this case here, this could end up becoming a market maker by
102 00:18:32,250 --> 00:18:41,670 profile. We have the consolidation noon, as in this example, as the price balanced range, or its price is in a smaller range, and then it leaves it on
103 00:18:41,670 --> 00:18:55,260 Tuesday, aggressively sells off. We have the smart money reversal in the Tuesdays Wednesday overlap, and then we have a low risk by one Thursday, then we
104 00:18:55,260 --> 00:19:05,520 have a continuation or re accumulation on Friday. But prices traded up into that price bounced range all over again, it's right back up at it again.
105 00:19:05,910 --> 00:19:14,400 So when we see that this could be the end of the move, it can be this could all that's necessary is for them to trade right back up to that price bounced range.
106 00:19:15,120 --> 00:19:26,820 But we always have to have the likelihood on our mind, that price may exceed it and go past it, which is what the market maker by profile really aims to do it
107 00:19:26,820 --> 00:19:36,900 take out the liquidity above an old high. In this case, we have a lower high formed on Tuesday than Monday. So it may not necessarily need to go above it but
108 00:19:36,900 --> 00:19:50,400 personally between you and I think it will. So here we have a British Pound naked one hour chart. Now, if we were just giving this example here in price
109 00:19:50,400 --> 00:20:02,400 action, maybe some of us would be able to see that low down there and see some evidence to support why it should go up and then maybe not Whenever we have a
110 00:20:02,400 --> 00:20:12,510 storyline or a potential outcome in the marketplace, in our mind, and we, we formed an opinion, we have a plan that we're going to try to execute on. And
111 00:20:13,140 --> 00:20:20,370 it's important that we were mindful that the setup may not pan out. For instance, at the beginning of this week, you may have seen this as a potential
112 00:20:20,370 --> 00:20:29,850 high of the week. And you expected to see Friday's close be lower than Wednesday's low. Guess what, just like I do, sometimes you're gonna get it
113 00:20:29,850 --> 00:20:39,990 wrong. The evidences of the fact that the markets moving quickly at the beginning of the week, this is Monday and Tuesday, Monday and Tuesday, okay, or
114 00:20:40,440 --> 00:20:52,170 one of the two. If we see sudden, quick movement in price and magnitude, here's the key word here. It's got to cover a lot of distance, what's average average
115 00:20:52,170 --> 00:21:01,680 distance of the last few days, if it exceeds it a lot. Wherever the average daily range is, for last five days, if it gets well above it, chances are,
116 00:21:01,680 --> 00:21:09,180 you're probably going to see a market reversal profile. It doesn't mean it always will happen. It just means that start considering it. Okay. I mentioned
117 00:21:09,210 --> 00:21:20,310 in the commentary to this week, that we were probably going to see the weekly range form in one day. And we did, we pretty much ended up seeing that, with the
118 00:21:20,310 --> 00:21:31,140 exception, the small little tail noted here on Monday's high. The whole range for cable was really formed on Tuesday. So that's indicative that's
119 00:21:31,320 --> 00:21:40,950 characterised characteristic of a market reversal profile intro week. So the main thing I want you to understand in this lesson is that it the beginning and
120 00:21:40,950 --> 00:21:52,770 we anticipate the higher load form, period. That's that's a given. That's that's the nature of ICT concepts. Because as humans are generally good starters. And
121 00:21:52,770 --> 00:22:06,180 weak starts with the new hopes and aspirations that make money in exchange and commerce. But opinions can change. Directives can be changed, and the central
122 00:22:06,180 --> 00:22:16,440 bank and the banks themselves, they can make policy changes and or fundamentals may change that we're not aware of. And yes, you heard that, right. I don't know
123 00:22:16,440 --> 00:22:25,260 what they are, that causes price to change at the central bank level, I don't need to know it, I can see the evidences of it in price. So when we move forward
124 00:22:25,260 --> 00:22:33,540 and going through price action study, it's important that you understand that knowing the higher timeframe, PD arrays will aid in failures. I mean, when you
125 00:22:33,540 --> 00:22:40,710 have a trade that doesn't seem like it's working out for you, even though you're profitable, chances are, it's probably better for you to get out of it. And look
126 00:22:40,710 --> 00:22:52,620 for another entry point. If it doesn't give you a strong entry point, chances are, it's probably going to be a market reversal profile. Wednesday or Thursday,
127 00:22:52,650 --> 00:23:04,080 reversals generally form every month. So no matter what pair you're looking at, there's generally some kind of reversal of sorts that can form. So by going over
128 00:23:04,080 --> 00:23:05,670 examples, and looking at price history,
129 00:23:06,870 --> 00:23:16,410 you'll see many more examples in just this one here. And everything we're showing is reversed when there's an intra weak market reversal profile that goes
130 00:23:16,410 --> 00:23:27,690 higher and then sells off. So it's a generic concept, it's very simple things that leads up to it. The classic telltale signs are the magnitude at which the
131 00:23:27,690 --> 00:23:36,270 price moves on Monday and Tuesday. Okay, so it's only two days, you have to focus on how much is price moving on Monday and Tuesday. So if you're seeing a
132 00:23:36,270 --> 00:23:44,070 lot of movement in your favor, and it's really covering a lot of distance, and it's doing it quickly, many instances, you're gonna see it, like this week,
133 00:23:44,430 --> 00:23:53,910 really built in on one trading day, when it does that, consider the higher timeframe PD raise, because it's probably going down to evaluation or a higher
134 00:23:54,060 --> 00:24:02,700 level valuation point. And then it's going to have a lot of sponsorship come in, and those flows are going to turn the market, it's going to turn it the other
135 00:24:02,700 --> 00:24:18,090 way. And if you fight that, it can beat you up or, dare I say, break your account. Now, consider swing trading model overlap possibilities. And we've
136 00:24:18,090 --> 00:24:27,450 talked about the likelihood of using short term trading concepts and one shot one kill. And now we're going to blend or overlap trading models. So it helps
137 00:24:27,450 --> 00:24:37,440 you kind of formulate a better understanding. Here we have that same area price action. And what I've done was I outlined it in terms of a premium and discount
138 00:24:37,800 --> 00:24:47,370 PD array matrix. So we can see in the green area, that's the discount area, and I have a graded as well with four grades or four quadrants. And the premium area
139 00:24:47,370 --> 00:25:00,360 is posted, and it's divided as well. Notice that on a daily chart, we have a daily bullish order block. It's trading down into that so if we look Get this
140 00:25:00,360 --> 00:25:09,240 model here, think about what I taught you in the swing trading model. This is a swing trade entry. This is exactly what you look for, for a swing trade. Now, if
141 00:25:09,240 --> 00:25:18,090 you're not a swing trader, if you don't think like a swing trader, then you're not going to see this as a swing trade entry, you're not going to see it as a
142 00:25:18,090 --> 00:25:28,350 potential setup that could many times pay out much more than what a one shot one kill would. If you're only focusing on I'm going to be a short term trader, I'm
143 00:25:28,350 --> 00:25:37,200 going to only be a day trader, I'm only going to be a scalper, these types of setups will evade you. And by evading you, it's also going to become a pitfall
144 00:25:37,200 --> 00:25:46,020 for you, you're not going to know when there's going to be these potential reversals, they'll get, you'll get caught off guard. So now we're gonna take
145 00:25:46,020 --> 00:25:55,680 that same element, everything we saw on the daily chart that is just applied, we're just viewing it from a one hour standpoint, so we can see the intraday
146 00:25:55,770 --> 00:26:10,170 price action on a day by day division. You can see here, reversals intra week, they occur, here's the secret, they occur in overlapping models. Every market
147 00:26:10,170 --> 00:26:21,480 reversal that happens intra week will be a overlapping of two types of trading disciplines, they will be at odds with one another. here's the rub, the higher
148 00:26:21,480 --> 00:26:31,980 timeframe discipline will always win. That's why we have to focus on monthly, weekly and daily PD arrays. That's why I beat it in your head, they are the most
149 00:26:31,980 --> 00:26:40,470 important ones. Anything less than that four hour, that's about as low as you want to go. Anything less than that is all day trading stuff. And if you're day
150 00:26:40,470 --> 00:26:48,990 trading things are not in alignment with the higher timeframe, daily, weekly or monthly, no less than a four hour, you're really not trading high probability
151 00:26:48,990 --> 00:26:59,580 setups. And so it's important to understand that the reversals are not always going to surprise you now because you have some characteristics to look for. And
152 00:26:59,580 --> 00:27:09,930 now about having an opinion of not just one shot, one kill short term trading, or swing trading, but you have position trading as well. And by blending all
153 00:27:09,930 --> 00:27:17,730 those elements together, it gives you a greater understanding about price action. And now because you have these characteristics in each discipline
154 00:27:17,730 --> 00:27:31,380 understood, when you see a opposing view, if a swing traders approach saying it's a buy, when you're looking at a one shot, one kill sell off. Chances are
155 00:27:31,680 --> 00:27:39,420 your weekly range phenomenon that you're trying to trade is going to have opposition to the degree where it will cause a reversal, as it's being shown
156 00:27:39,420 --> 00:27:43,950 here. So daily swing
157 00:27:44,160 --> 00:27:53,760 model overlap example shown here will hopefully ground you and your understanding about how intra weak market reversals occur. The takeaways from
158 00:27:53,760 --> 00:28:02,640 this lesson again are the speed at which price moves on Monday and Tuesday, the magnitude at which it moves, there's your number one characteristic telltale
159 00:28:02,640 --> 00:28:12,420 sign you probably going to see a market reversal in your week. And look for overlapping opposing trading models. If one is suggesting a buyer on a higher
160 00:28:12,420 --> 00:28:20,100 timeframe, while on a lower timeframe, it's looking like it may continue going lower. The armwrestling match is always going to be one by the higher timeframe.
161 00:28:20,820 --> 00:28:30,780 So hopefully you've learned something that brings you closer to a greater understanding of price action and intra week reversals and blending and
162 00:28:30,780 --> 00:28:32,490 overlapping trading models.