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2 |1 |00:00:35 ~-~-> 00:00:40 |ICT: Hello folks, welcome back. So we'll be looking at a am session review for
3 |2 |00:00:40 ~-~-> 00:00:48 |NASDAQ, May 5, 2025 All right, so we're looking at the daily chart here, and I
4 |3 |00:00:48 ~-~-> 00:00:58 |want you to take special note of how Thursday created a premium WIC that got
5 |4 |00:00:58 ~-~-> 00:01:04 |blown through on Friday's nonprofit payroll, and then we opened here and
6 |5 |00:01:04 ~-~-> 00:01:10 |traded down into Friday's range. But I teach you to use these wicks like gaps.
7 |6 |00:01:11 ~-~-> 00:01:14 |Okay, so we're going to zoom in. I'm going to lay the Fibonacci across this
8 |7 |00:01:14 ~-~-> 00:01:19 |here. Be mindful this high and this wick. That's what we're going to be
9 |8 |00:01:19 ~-~-> 00:01:26 |drawing attention to. I'm all right. So here we have Thursday's price action on
10 |9 |00:01:26 ~-~-> 00:01:30 |the daily chart. I have the lower quadrant, consequence cut encroachment
11 |10 |00:01:31 ~-~-> 00:01:36 |the upper quadrant and the high of Thursday's wick and the low of the wick,
12 |11 |00:01:36 ~-~-> 00:01:40 |in this case is it's a down closed candle. It's the opening price. So those
13 |12 |00:01:40 ~-~-> 00:01:50 |four levels here, and then we have, actually, it's five, isn't it? 12345,
14 |13 |00:01:51 ~-~-> 00:01:55 |check my math. There having a senior citizen moment. And then this up here.
15 |14 |00:01:55 ~-~-> 00:02:02 |So longer term, until proven otherwise, the draw is here, and we're going to
16 |15 |00:02:02 ~-~-> 00:02:06 |look at how price used that consequent encroachment level, the midpoint
17 |16 |00:02:06 ~-~-> 00:02:10 |constant encroachment level of that Thursday premium wick, now acting as a
18 |17 |00:02:10 ~-~-> 00:02:16 |discount array, is 19,980 even. Okay, so this, be mindful when we see that line
19 |18 |00:02:16 ~-~-> 00:02:22 |in the lower time frame charts, it's this wicks halfway point, or consequent
20 |19 |00:02:22 ~-~-> 00:02:30 |encroachment. We're in a 15 minute time frame. I mentioned on telegram that 15
21 |20 |00:02:30 ~-~-> 00:02:36 |minute buy side was a draw, and you can see how the market dropped down and
22 |21 |00:02:36 ~-~-> 00:02:40 |spent some time at that consequent encroachment on Thursdays premium wick,
23 |22 |00:02:40 ~-~-> 00:02:45 |that is now because we went above it on Friday becomes a discount wick, so we
24 |23 |00:02:45 ~-~-> 00:02:48 |traded down into it. Consequent encroachment hits it here, back and
25 |24 |00:02:48 ~-~-> 00:02:53 |forth, really, really lots of high resistance, liquidity, run signatures in
26 |25 |00:02:53 ~-~-> 00:02:56 |here. Look at the back and forth, price action. But ultimately, it did get to
27 |26 |00:02:56 ~-~-> 00:03:02 |our objective here. But just be mindful that 19,009 80 level was hit earlier,
28 |27 |00:03:02 ~-~-> 00:03:11 |and now we're on a one minute chart. So here's that same level, the consequent
29 |28 |00:03:11 ~-~-> 00:03:17 |encouragement of that Thursday WIC, and because it hit earlier, prior to nine
30 |29 |00:03:17 ~-~-> 00:03:23 |o'clock in the morning, you can see that on your own charts. We had all this
31 |30 |00:03:23 ~-~-> 00:03:28 |price action back and forth, back and forth, overlapping previous ranges just
32 |31 |00:03:28 ~-~-> 00:03:34 |to climb back above to get to that 15 minute buy side liquidity. So I want to
33 |32 |00:03:34 ~-~-> 00:03:38 |take your attention to a very specific pool of liquidity. I mentioned own
34 |33 |00:03:38 ~-~-> 00:03:42 |Telegram for sell side. This is the only sell side liquidity pool I mentioned,
35 |34 |00:03:42 ~-~-> 00:03:47 |and this was the initial one I told you about. So relative equal lows, real
36 |35 |00:03:47 ~-~-> 00:03:53 |easy, right? Real real easy. Now, why did I go back further than nine o'clock?
37 |36 |00:03:54 ~-~-> 00:03:58 |Because this is the first one going to come to and we've already worked several
38 |37 |00:03:58 ~-~-> 00:04:05 |lows in the pre session, and it's just cleaner. It's easy. Here it's a Monday
39 |38 |00:04:05 ~-~-> 00:04:11 |and we had a high impact news driver at 10 o'clock, and we came down already
40 |39 |00:04:13 ~-~-> 00:04:17 |earlier in the sessions to trade into that consequence level of the Thursday
41 |40 |00:04:17 ~-~-> 00:04:24 |week. So we went down below it, swept it, and then I drew attention to this
42 |41 |00:04:24 ~-~-> 00:04:28 |candlestick being the first person to grab a bag app and this volume and
43 |42 |00:04:28 ~-~-> 00:04:32 |balance you can find that on my telegram channel, in the description of my
44 |43 |00:04:32 ~-~-> 00:04:35 |YouTube channel, click on that, you'll see the actual link, the official link
45 |44 |00:04:35 ~-~-> 00:04:40 |that takes you to my free 100% no obligation. I'm not trying to do
46 |45 |00:04:40 ~-~-> 00:04:43 |investments. I'm never going to ask for payments. If you're looking at anything
47 |46 |00:04:43 ~-~-> 00:04:46 |that has anything like that and then my knee attached to it, you're looking at a
48 |47 |00:04:46 ~-~-> 00:04:54 |scammer or fraud. So these two levels here, the first with the favorite first
49 |48 |00:04:54 ~-~-> 00:04:58 |presented fair value gap and the volume and balance were the two levels of
50 |49 |00:04:58 ~-~-> 00:05:03 |focus. And then I mentioned. And the 15 minute buy side here, and I gave a
51 |50 |00:05:04 ~-~-> 00:05:13 |further higher 19,000 or is it 20,002 35 something like that. I'll let you look
52 |51 |00:05:13 ~-~-> 00:05:18 |at it on your charts, okay, but if we continuously go higher, that's a nice
53 |52 |00:05:18 ~-~-> 00:05:23 |relative eco high in the Friday trading session, so you'll be able to see it.
54 |53 |00:05:23 ~-~-> 00:05:26 |It's your homework assignment. I'm not giving you everything in telegram. I
55 |54 |00:05:26 ~-~-> 00:05:28 |want you to find it on your chart. That's part of the tape reading
56 |55 |00:05:28 ~-~-> 00:05:36 |exercise. So I want to show you zoomed in here. There's that volume imbalance.
57 |56 |00:05:36 ~-~-> 00:05:43 |Here's first presented fair value gap. And after cleaning the relative equal
58 |57 |00:05:43 ~-~-> 00:05:50 |lows up with this stop there, we ran above, back above this city, which we're
59 |58 |00:05:50 ~-~-> 00:05:56 |bullish, we're looking for 15 minute buy side, higher prices. We went above it,
60 |59 |00:05:56 ~-~-> 00:06:03 |trade down in, trade down in it, left it. See how it did that right here. Now,
61 |60 |00:06:03 ~-~-> 00:06:07 |when we trade back up higher, it should not go back down in lower half before
62 |61 |00:06:07 ~-~-> 00:06:12 |running the buy side. So we get it on this candlestick right here. And I'm
63 |62 |00:06:12 ~-~-> 00:06:17 |aiming right for that volume imbalance right in there. And I'll show you the
64 |63 |00:06:17 ~-~-> 00:06:22 |execution. Here's the candlestick, and there is little indication that you're
65 |64 |00:06:22 ~-~-> 00:06:28 |getting long or short. In this case, it's a buy there, and then it rallies up
66 |65 |00:06:28 ~-~-> 00:06:33 |into the 15 minute buy side. Now I'm going to put my cursor on this little
67 |66 |00:06:33 ~-~-> 00:06:39 |arrow, and you'll see the little carrot symbol appears right there. Okay, so
68 |67 |00:06:39 ~-~-> 00:06:44 |there was no other trades. One of my students facetiously said, the show the
69 |68 |00:06:44 ~-~-> 00:06:49 |short you got stopped out on no shorts today, so it dropped back from there all
70 |69 |00:06:49 ~-~-> 00:06:52 |the way back down to first presented fair value gap banged around a little
71 |70 |00:06:52 ~-~-> 00:06:57 |bit in here, failure to get back above that 50 minute high. That was the buy
72 |71 |00:06:57 ~-~-> 00:07:02 |side of my trade. And I mentioned on Twitter. Look at these lows in here.
73 |72 |00:07:02 ~-~-> 00:07:08 |That's retail support. And it broke through that Down into first retentive
74 |73 |00:07:08 ~-~-> 00:07:12 |fair pay gap. And I told you to watch that there. And then it rallied up and
75 |74 |00:07:12 ~-~-> 00:07:18 |took out the high here. There's the business for today. So in keeping with
76 |75 |00:07:18 ~-~-> 00:07:24 |what I mentioned this weekend, I was teaching about narrative. And today,
77 |76 |00:07:24 ~-~-> 00:07:28 |because it's a little bit more complicated difficulty levels, it'll
78 |77 |00:07:28 ~-~-> 00:07:33 |just a little bit higher, I pointed out the very liquidity pool that would use
79 |78 |00:07:33 ~-~-> 00:07:37 |to create the low of the session, which is what it did here, and then rallied
80 |79 |00:07:37 ~-~-> 00:07:43 |up. Now I mentioned in closing, after I did my trade and shared it, whatever I
81 |80 |00:07:44 ~-~-> 00:07:49 |mentioned that watch eight o'clock slow, 8am today, because if we lose that low,
82 |81 |00:07:49 ~-~-> 00:07:52 |then we're probably gonna have a deeper retracement on the daily chart. So as
83 |82 |00:07:52 ~-~-> 00:07:57 |long as the eight o'clock low is intact, it doesn't violate that I'm bullish. So
84 |83 |00:07:57 ~-~-> 00:08:01 |it kind of like it makes it more clean and clear as to why I mentioned it at
85 |84 |00:08:01 ~-~-> 00:08:01 |all today.
86 |85 |00:08:11 ~-~-> 00:08:14 |See if folks, I'll give you a pm session review later on, so I'll talk to you
87 |86 |00:08:14 ~-~-> 00:08:15 |then, Lord willing be safe. You.