ICT tips:
The high-impact events of this week will only appear on Thursday. In other words, there are no significant dollar-related events from Monday to Wednesday to drive directional price action. In such an environment, the market often uses the lack of catalysts in the first half of the week to build a narrative trap.
1. The bias on higher time frames remains bearish.
2. The increase that occurs in the first half of the week (Mon-Wed) should not be rushed to be interpreted as a trend reversal; it is more likely just a daily level pullback.
3. The purpose of this increase is to push the price into the premium area for selling (Premium PDA), positioning for subsequent manipulation and distribution.
4. The real drive will occur when the high-impact news arrives on Thursday.
The high-impact events of this week will only appear on Thursday. In other words, there are no significant dollar-related events from Monday to Wednesday to drive directional price action. In such an environment, the market often uses the lack of catalysts in the first half of the week to build a narrative trap.
1. The bias on higher time frames remains bearish.
2. The increase that occurs in the first half of the week (Mon-Wed) should not be rushed to be interpreted as a trend reversal; it is more likely just a daily level pullback.
3. The purpose of this increase is to push the price into the premium area for selling (Premium PDA), positioning for subsequent manipulation and distribution.
4. The real drive will occur when the high-impact news arrives on Thursday.