Skip to Content
Last modified by Drunk Monkey on 2025-05-17 08:39
Show last authors
1 (% class="hover min" %)
2 |1 |00:00:26 ~-~-> 00:00:31 |ICT: Black Books. Just a quick little review on NASDAQ for May 13, 2025
3 |2 |00:00:33 ~-~-> 00:00:38 |practice daily chart, as I mentioned last night, we would be looking for it
4 |3 |00:00:38 ~-~-> 00:00:43 |to run up into this sippy next, and then I want to see if it can come back above
5 |4 |00:00:43 ~-~-> 00:00:47 |it and use it as an inversion for a gap to set the stage for a run up into these
6 |5 |00:00:47 ~-~-> 00:00:53 |highs here. So I didn't get much of a retracement, you know, at the opening
7 |6 |00:00:53 ~-~-> 00:00:58 |bell. So we'll take a look at that serious one minute chart. This is CPI
8 |7 |00:00:58 ~-~-> 00:01:03 |number, you know, as I mentioned on Twitter, and I shared the same thing in
9 |8 |00:01:03 ~-~-> 00:01:09 |the telegram channel, but I've rather seen it use CPI to drop down, take some
10 |9 |00:01:09 ~-~-> 00:01:14 |sell side, and then do these size of runs here up into that blue fair value
11 |10 |00:01:14 ~-~-> 00:01:18 |gap that I mentioned on doing chart last night and today. You can see where it
12 |11 |00:01:18 ~-~-> 00:01:25 |triggered to sell side liquidity pool taken here. If you do a measurement on
13 |12 |00:01:25 ~-~-> 00:01:32 |the open to the low of that CPI number wick, you'll see a upper quadrant of
14 |13 |00:01:32 ~-~-> 00:01:36 |this wick overlaps with this as well, and we have first percentage fair value
15 |14 |00:01:36 ~-~-> 00:01:42 |gap for Tuesday's trading. Opens, trades down, hits it here, runs away. Fair
16 |15 |00:01:43 ~-~-> 00:01:48 |value gap here include that volume and balance. Then we have a breakaway gap,
17 |16 |00:01:50 ~-~-> 00:02:00 |measuring gap, and then slightly higher it should go, the 10 o'clock Eastern
18 |17 |00:02:00 ~-~-> 00:02:04 |time. Silver Bullet. That's this right here. It's also overlapping with the
19 |18 |00:02:04 ~-~-> 00:02:09 |950, 1010, macro. Add that on your own charts, trade up the consequent
20 |19 |00:02:09 ~-~-> 00:02:14 |encroachment of that daily fair value gap, which was the city on the daily
21 |20 |00:02:14 ~-~-> 00:02:19 |chart, which was our objective. And then we used the consequent encroachment
22 |21 |00:02:19 ~-~-> 00:02:23 |here, traded to the high of it, upper quadrant, and then outside of it here.
23 |22 |00:02:23 ~-~-> 00:02:30 |So we're going to look at the afternoon now, looking up over here. All I did was
24 |23 |00:02:30 ~-~-> 00:02:35 |make the chart a little bit taller the same upper portion of that previous
25 |24 |00:02:35 ~-~-> 00:02:41 |slide, or the daily Sibi. That's the blue shaded area here on the chart. So
26 |25 |00:02:41 ~-~-> 00:02:47 |we cheered outside of it, came back into a busy rallied once more. Got to the
27 |26 |00:02:47 ~-~-> 00:02:50 |time of day. We like to look for the opening range, which is 30 minutes,
28 |27 |00:02:50 ~-~-> 00:02:57 |9:30pm eastern time to two o'clock Eastern time. So you look for the range
29 |28 |00:02:57 ~-~-> 00:03:04 |in here to give you your first percent of everybody got, which is here. And as
30 |29 |00:03:04 ~-~-> 00:03:11 |you traded into the final hour, trading market rallies up, falls short. Look at
31 |30 |00:03:11 ~-~-> 00:03:16 |the bodies. Failure swing up here. Failure swing here. The bodies tell the
32 |31 |00:03:16 ~-~-> 00:03:22 |story here. We break lower, below the first percent of fair value gap during
33 |32 |00:03:22 ~-~-> 00:03:30 |3:15pm, Eastern Time to 3:45pm eastern standard time macro, and we break lower,
34 |33 |00:03:30 ~-~-> 00:03:35 |come back up in candlesticks, close candlesticks low with the volume of
35 |34 |00:03:35 ~-~-> 00:03:38 |valves included. This acts as an inversion fair value gap. And I didn't
36 |35 |00:03:38 ~-~-> 00:03:41 |want to draw another rectangular top vessel, because this is going to act as
37 |36 |00:03:41 ~-~-> 00:03:45 |an inversion fair value gap. As fair value gap as well. We break lower come
38 |37 |00:03:45 ~-~-> 00:03:52 |back up into midway. Consequent corrosion of this gap. We break
39 |38 |00:03:52 ~-~-> 00:03:56 |aggressively lower. And this Biocenter bound cell sign efficiency should act as
40 |39 |00:03:56 ~-~-> 00:04:00 |an inversion fair value gap as well. It does so here in delivering down into the
41 |40 |00:04:00 ~-~-> 00:04:04 |cell side liquidity and the short term low over here for good measure. And
42 |41 |00:04:04 ~-~-> 00:04:07 |today, I'll be looking for the likelihood of trying to make an attempt
43 |42 |00:04:07 ~-~-> 00:04:12 |to get down to the lower portion of this daily fair value gap. And if it can
44 |43 |00:04:12 ~-~-> 00:04:16 |break a little bit lower, we'll look for Tuesday's first percents of fair value
45 |44 |00:04:16 ~-~-> 00:04:19 |gap as they draw. That's what I'm watching. I'm not trying to press it
46 |45 |00:04:19 ~-~-> 00:04:23 |hard, obviously, going to daily chart. I'm bullish. But for intraday
47 |46 |00:04:23 ~-~-> 00:04:26 |volatility, if we can find a way to set up a scenario that leads back down to
48 |47 |00:04:26 ~-~-> 00:04:31 |Tuesday's purchase of fair value gap, because it really didn't redeliver back
49 |48 |00:04:31 ~-~-> 00:04:36 |to it. It just was a immediate delivery to it, like one candle after it's
50 |49 |00:04:36 ~-~-> 00:04:41 |warmed. So that's kind of like it's not enough for me. So we'll be looking for
51 |50 |00:04:41 ~-~-> 00:04:43 |that at least. I, let me say it this way, I will be looking for something
52 |51 |00:04:43 ~-~-> 00:04:49 |like that. And then there it is. So will we watch and see what the market does?
53 |52 |00:04:50 ~-~-> 00:04:51 |Open tomorrow? So.
54 |53 |00:05:00 ~-~-> 00:05:03 |That's it, folks. Hope you found it insightful, helpful, inspiring,
55 |54 |00:05:03 ~-~-> 00:05:07 |encouraging, and I'll talk to you next time. Lord willing be safe. You.