ICT Forex - Time & Price Theory

Summary

This educational video script delves into the concept of time and price theory in trading, emphasizing the significance of analyzing higher timeframes like monthly charts for macro institutional bias. It discusses the fractal nature of price action and how patterns can be identified across different timeframes. The speaker shares insights on using the 'ICT Power 3' for identifying bullish or bearish trends and provides a step-by-step guide on trading strategies based on opening prices in monthly, weekly, and daily charts. The script concludes by highlighting the importance of aligning with the highest probability setups and the value of technical analysis in trading.

Takeaways

• 📈 The teaching focuses on time and price theory, emphasizing the importance of analyzing price patterns across different time frames.
• 🔍 Price action is fractal, meaning patterns seen on smaller time frames like 1-minute or 5-minute charts can also be observed on larger time frames like the monthly chart.
• 🌟 Higher time frames like the monthly chart are given more significance in analysis, providing a macro perspective of institutional sentiment and bias.
• 📊 When analyzing the monthly chart, if it's bullish, traders should look for buying opportunities at or below the opening price; if bearish, focus on selling short at or above the opening price.
• 🤖 Large institutions use algorithmic systems that react to monthly and weekly opening prices, suggesting the importance of mimicking these behaviors for effective trading strategies.
• 📌 The Euro Dollar monthly chart example illustrates how to identify long-term trends and reversals, using concepts like swing lows and false breaks.
• 📉 The importance of validating swing lows and highs is highlighted, showing how to confirm bullish or bearish trends on the monthly chart before seeking trading opportunities.
• 📅 The daily chart provides a short-term institutional bias, useful for day traders and scalpers, focusing on the daily opening price for entry points.
• 🔄 Price action can retrace or consolidate within the context of a larger macro bias, emphasizing the need to understand the interplay between different time frames.
• 📝 The teaching stresses that not every day will present a trading opportunity, and the importance of recognizing and capitalizing on high-probability setups.
• 🚀 The use of Fibonacci levels is mentioned as a tool to help identify potential price targets, although it's not always perfectly accurate and should be used in conjunction with other analysis.

Q & A

What is the main focus of the teaching in the provided script?

The main focus of the teaching is time and price theory, specifically how to analyze and trade using these concepts.

What are the key components of price action mentioned in the script?

The key components of price action mentioned are the open, high, low, and close of a price formation.

Why is the monthly chart considered significant in this teaching?

The monthly chart is considered significant because it provides a macro institutional bias, allowing traders to see the broader market sentiment and large institutional movements.

What does the term 'fractal' mean in the context of price action?

In the context of price action, 'fractal' means that price patterns observed on one timeframe can be seen on any other timeframe, whether higher or lower.

How should traders approach buying and selling based on the monthly chart analysis?

Traders should look for buying opportunities at or below the monthly opening price if the monthly chart is deemed bullish and selling opportunities at or above the monthly opening price if it is deemed bearish.

What is the significance of algorithmic systems used by large institutions in relation to monthly and weekly opening prices?

Large institutions use algorithmic systems that key off monthly and weekly opening prices, and their actions generate massive volumes, which traders can imitate to align with the institutions' directional biases.

How does the script illustrate the use of monthly opening prices with the Euro Dollar example?

The script illustrates the use of monthly opening prices with the Euro Dollar example by showing how bullish and bearish biases were determined and validated using monthly price action and key levels, leading to significant price movements.

What is meant by 'swing low' and how is it validated in the script?

A 'swing low' is a three-bar pattern where the center candle has a lower low than the candles on either side. It is validated when the high of the third candle is penetrated by subsequent price action.

What timeframe is suggested for traders who cannot actively trade due to other commitments?

For traders who cannot actively trade due to other commitments, it is suggested to use higher timeframes like the monthly chart for a macro perspective and less frequent monitoring.

How does the weekly chart provide an intermediate institutional bias?

The weekly chart provides an intermediate institutional bias by showing a timeframe that is not too long-term but also not too short-term, ideal for swing trades or longer-term short-term trades.

How should traders use the daily chart for short-term institutional bias?

Traders should use the daily chart for short-term institutional bias by looking to buy at or below the daily opening price if bullish, and sell short at or above the daily opening price if bearish, aligning with the monthly and weekly biases for the highest probability setups.

Outlines

00:00

📈 Introduction to Time and Price Theory

The speaker introduces a teaching session focused on time and price theory, emphasizing its complexity and broad scope. They mention that a comprehensive understanding can be achieved through free tutorials and premium mentorship. The importance of time and price is underscored, along with the significance of the 'ICT power 3' concept. The session aims to explore monthly, weekly, and daily time and price characteristics, highlighting the fractal nature of price action and the hierarchical significance of different time frames, with the monthly chart being the most influential for macro institutional bias.

05:02

📊 Analyzing Monthly Charts for Institutional Sentiment

The speaker delves into the use of monthly charts to discern the sentiment of large institutions, suggesting that algorithmic systems often key off these opening prices due to the high volume associated with them. They advocate for imitating these institutional strategies and provide an example using the Euro Dollar chart. The analysis includes identifying key patterns such as swing lows and penetration of previous lows, which can signal bullish or bearish trends. The speaker also recounts a past successful prediction of the Euro Dollar reaching a specific price point, demonstrating the effectiveness of the approach.

10:04

📉 Trading Strategies Based on Opening Prices

The paragraph discusses the strategy of using opening prices for trading decisions, with a focus on buying opportunities below the opening price in a bullish market and short selling above the opening price in a bearish market. The speaker illustrates this with examples from the Euro Dollar's daily chart, showing how each monthly opening price can be used as a reference point for potential trade entries. They highlight the importance of recognizing patterns and price action that confirm the validity of a swing low, which can provide multiple opportunities for profitable trades.

15:05

📈 Weekly Time Frame Analysis and Trading Bias

The speaker transitions to the intermediate institutional bias provided by the weekly time frame, explaining its utility for swing trades and short-term trades. They discuss the concept of aligning with the macro directional bias and the importance of recognizing when the weekly perspective agrees with the monthly bias. The paragraph includes an analysis of price action below the weekly opening price and the subsequent buying opportunities that arise, with examples provided to illustrate the potential for profitable trades.

20:07

📊 Daily Chart Analysis and Short-Term Institutional Bias

The final paragraph focuses on the daily chart, which offers a short-term institutional bias and is crucial for day traders and scalpers. The speaker explains how to use the daily opening price in conjunction with the monthly and weekly perspectives to identify high-probability trade setups. They caution against the misconception that every day will present a trading opportunity and emphasize the importance of blending analysis concepts to arrive at the most favorable setups. The speaker concludes by encouraging further study and chart analysis to understand the timing and context of explosive price moves.

📝 Conclusion and Encouragement for Further Study

In the concluding paragraph, the speaker summarizes the teaching by emphasizing the importance of analyzing time frames from monthly to daily for trading opportunities. They stress that while tools and methods can identify potential setups, it does not guarantee finding a profitable trade every day. The speaker acknowledges the effort and experience required to achieve proficiency in technical analysis and trading, and they encourage students to study and practice to improve their understanding of high-probability setups.

Keywords

💡Time and Price Theory

Time and Price Theory is a concept that integrates the timing of market movements with price levels to understand market behavior. In the video, it's the central theme, where the speaker discusses its significance in trading and analysis, emphasizing that it provides a macro perspective on market trends and helps in identifying key levels and patterns.

💡Fractal Nature

The term 'fractal nature' refers to the self-similar patterns that repeat across different time frames in price action. The speaker uses this concept to explain that patterns seen on a 1-minute chart can also be observed on a monthly chart, highlighting the consistency of market behavior regardless of the time frame.

💡ICT Power 3

ICT Power 3 is a specific concept mentioned in the script, likely referring to a trading strategy or pattern that involves the interaction of three elements within the market's price action. The speaker mentions revisiting this concept, indicating its importance in the analysis of time and price characteristics.

💡Monthly Time and Price Characteristics

This concept refers to the analysis of market trends on a monthly basis, focusing on the opening, high, low, and closing prices. The speaker discusses using these characteristics to discern the sentiment of large institutions and to identify bullish or bearish market perspectives.

💡Macro Institutional Bias

Macro Institutional Bias denotes the overall market sentiment or direction as interpreted by large institutions based on long-term charts, such as the monthly chart. The speaker explains that using the monthly chart provides insights into what large institutions are doing, which can guide trading decisions.

💡Algorithmic Systems

Algorithmic Systems are computer programs used by large institutions to execute trades based on predefined criteria. In the script, the speaker mentions that these systems often key off of monthly and weekly opening prices, suggesting that understanding these systems can help mimic the actions of large market players.

💡Swing Low

A 'Swing Low' is a term used in technical analysis to describe a price pattern that indicates a potential reversal from a downtrend to an uptrend. The speaker uses this term to illustrate how to identify key buying opportunities in the market, particularly in the context of the Euro Dollar monthly chart.

💡Directional Bias

Directional Bias refers to the overall direction in which the market is trending. The speaker discusses the importance of identifying and sticking with a specific direction in trading, which is derived from the analysis of price action on different time frames.

💡Liquidity

In the context of trading, 'Liquidity' refers to the ease with which traders can buy or sell assets without affecting the asset's price. The speaker mentions seeking measures of liquidity, indicating the importance of understanding market depth when analyzing price action.

💡Weekly Opening Price

The 'Weekly Opening Price' is a specific price level that marks the beginning of a new week's trading. The speaker explains that this price level is crucial for identifying intermediate institutional bias and for setting up trades that align with the market's direction for the week.

💡Daily Chart

A 'Daily Chart' displays the price movements of a financial instrument over each trading day. The speaker discusses the importance of the daily chart in providing a short-term institutional bias and how it can be used by day traders and scalpers to identify high-probability trade setups.

Highlights

Introduction to time and price theory, emphasizing its vastness and the availability of more detailed teachings in free tutorials and premium mentorship.

Explanation of the importance of time and price in price action trading, revisiting the power of 3 and teaching monthly, weekly, and daily time and price characteristics.

The fractal nature of price action, allowing patterns to be seen across different time frames from minutes to months.

Emphasis on higher time frame charts for greater significance in analysis, with monthly charts providing a macro institutional bias.

Strategies for trading based on monthly chart analysis, including buying opportunities below the opening price in a bullish market and selling short in a bearish market.

Use of algorithmic systems by large institutions that key off of monthly and weekly opening prices, suggesting mimicking their actions for trading advantages.

Case study of the Euro Dollar monthly chart, illustrating a long-term bullish trend and the achievement of a specific price point prediction.

Identification of a swing low pattern and its validation as a bullish signal on the monthly chart.

Importance of recognizing key resistance levels and the potential for price retracement in trading strategies.

Daily chart analysis with specific monthly opening prices marked to identify buying opportunities in alignment with the monthly trend.

Discussion on the use of Fibonacci levels to predict price movements and the acknowledgment of its imperfections in technical analysis.

Transposition of monthly analysis concepts to the weekly opening price for intermediate institutional bias and swing trades.

Highlighting the importance of aligning weekly and daily opening prices with the macro monthly bias for high-probability trade setups.

Clarification that not every day or week will align with the macro directional bias, and the need for analysis blending for optimal setups.

Daily chart's role in providing a short-term institutional bias and its significance for day traders and scalpers.

The concept that the highest probability trades on the daily chart occur when both the monthly and weekly perspectives support the trade idea.

Advice against the misconception that a setup can be found every single trading day, emphasizing the effort and experience required in trading.

Encouragement for traders to study charts for high-probability setups by understanding the relationship between daily, weekly, and monthly ranges and their opening prices.

Transcripts

okay folks welcome back this teaching

will be specifically dealing with time

and price theory now while this is going

to be a generalized overview and more or

less an introduction to time and price

theory as I teach it it's a very vast

subject and I go into greater detail in

my free tutorials and in greater detail

in my premium mentorship but I think

you'll find this teaching will be

beneficial to you nonetheless okay folks

everything you seek in price action is

found in this formation the open high

the low and the closed the ICT concepts

used in this module will be the

importance of time and price we're gonna

be revisiting the power 3 and we're

specifically teaching monthly time and

price characteristics weekly time and

price characteristics and finally daily

time and price characteristics ok

ICT power 3 and the monthly open now

price action is fractal in nature that

means everything that you can see in

terms of a price pattern on a 1-minute

chart on a 5-minute chart can be seen on

a monthly chart or we clean any time

frame and any interval of time

measurement that plots price the fact

that we can see a pattern on any

specific timeframe price action has a

generic characteristic to it so whatever

we see on one time frame could be easily

replicated and seen on a lower timeframe

or a higher time frame so when we see

price patterns it's not that one

timeframe is better than the other per

se but there is an emphasis or

significance that's placed on the higher

time frame charts over the lesser time

frames for instance the monthly has the

most significance to me and my analysis

and because it gives me a the ability to

look at a whole year or multi years

or I can look at it from a quarterly

basis or a biannual basis and always in

six months of intervals so I don't need

to see any other time frame because the

monthly gives me all the depth and

detail that I would ever need from a

macro standpoint which brings me to the

purpose of using a monthly chart is that

it provides a macro institutional bias

so we can see what large institutions

are doing or what their sentiment is

based on what these higher timeframe

monthly charts are revealing in price

action in a nutshell if we are doing our

analysis on the monthly chart and we

deem that monthly chart to be bullish we

as traders and analysts we look for

buying opportunities at the opening

price or below the opening price if we

have come to the conclusion that the

monthly chart or perspective on the

monthly is bearish then we are focusing

our analysis on selling short at or

above the monthly opening price now

large institutions use algorithmic

systems that key off of monthly and

weekly opening prices since there are

massive amounts of volume in these

entities actions we would do well to

imitate or mimic their actions and

directional bias so let's take a closer

look at this monthly chart this is the

Euro Dollar

and if you go in through my material

there's a lot of things that I teach by

way of directional bias picking a

direction sticking with a specific

direction looking for key levels looking

for key targets looking at this sample

size of price action on a monthly basis

for the euro dollar I want you to take a

look at what you're seeing in price

action now obviously majority of what's

already happened is all hindsight but

it's for your learning for the

individuals I've gone through my

mentorship in 2016 2017 they know that I

was bullish in the first quarter of 2017

with the euro dollar and I called a

specific price point of 120 at that time

several months later here we are in

December of 2017 you can see we did in

fact hit

one twenty mile marker on the Eurodollar

it was based on what I'm about to show

you here a lot of other things they go

along with it to help fine tune that

detail but generally it started with

this concept so do you see anything that

stands out in the chart for instance

this old low over here they're

relatively equal price makes an attempt

to drop lower and it does in fact go

below these equal lows and then it does

what it trades back above those lows and

then we have a swing low form we have a

candle to the left with a higher low a

candle in the center and it can look to

the right so there's our three bar

pattern or swing low and then we wait

for that third candle to be penetrated

we have it here so that way now we can

start looking for being bullish on the

monthly chart for the euro dollar we see

the previous month even though I had a

weaker close it still was a up close and

because we broke the swing pattern for a

swing low to be without valid every

subsequent candle should be viewed as

bullish until we get to some key

resistance

this isn't key high it's cause they

market turn so we're gonna have to keep

our focus on here and just like we saw

market movement go below this low here

true support resistance isn't lining

this and it can't go any higher than

that we understand that there's going to

be a one so I want to go through that

high to seek some measure of liquidity

just like it looked for liquidity below

these lows so if there's ideas in mind

let's add some lip stick to this chart

so now we have a long term key low here

and we have a long term reversal in the

form of a false break below swing low

forms and then I started delineating all

the opening prices on the subsequent

months so every one of these candles

represents one full month data and then

I noted that long term key high here so

we would be looking for it down

a move above this high which if you

think about it that is a lot of pips so

I know I've been doing a lot of work on

Twitter and on my youtube channel to be

active with day trading and scalping

just to show my proficiency in studying

and reading price action and executing

on there's lower timeframes I have tools

and applications that work on higher

timeframe charts like this if you can't

do day trading

I have methods that help you do these

types of things I personally do not like

this style trading it's too slow and

doesn't give me enough action and I just

Excel as a short term intraday trader in

teacher and short term traders for one

shot one kill there are many students of

mine that can't do that because of their

businesses that they're running or their

jobs or they're just unable to do it

because of their family commitments they

just can't do it

so they need a larger or higher

timeframe perspective and this is one

way you can do that so we have a monthly

chart here with the opening prices after

a swing low and a violation of an old

low and once we try to start the trade

back above that low here we start

looking for validation with the swing

low being in fact valid and we have that

one this month here so we had plenty of

times several months before this month

begins the hunt for lungs so it gives

you lots of time to get prepared you

don't have to be in front of your charts

every five seconds in fact you don't

have to probably watch it every day you

just got to be aware that this swing low

has to be validated and it does it here

when it starts to trade above this

candles high so with this information

let's take a closer look and now we have

the daily chart of the euro dollar and

what I have here is every specific

monthly opening price doing it with a

small little horizontal trend line

segment so each little short trendline

that's moving horizontally starting with

this one here this represents a monthly

open well it's the opening price it's a

month and this isn't the other one this

is another one this is another one

another one

and finally

here's the last one I'm gonna reference

in this specific teaching so we're going

to start with April 2017 and we have

seen a potential long-term reversal and

we're gonna be looking for buying

opportunities and we're gonna look for

validation to see that in price action

now for a bullish we want to see

signatures in price action that support

that idea that means the opening price

and below it we want to see some

bullishness or buying so is there a

swing low that forms below the opening

price on the monthly and is it showing

energetic price action once that low

forms and does it move higher with

magnitude strength and speed while we

have that here and not too long after

that we start seeing price move higher

obviously I'm using this chart with the

benefit of compensate for its time

purposes to save a lot of time in the

recording but you can see that reference

point there below the opening price of

April gives us our nice buying

opportunity you can look at many

instances overlapping for optimal trade

entry at that price point and we're

moving to the next month this is May

2017 again we're looking at the opening

price of May 2017 and we want to see a

willingness to go below the opening

price and then find buying we had that

here and again very very strong reaction

in price action and the market starts to

move rather aggressively on the upside

moving right along

we're going into the next month this is

June 2017 and again we have the opening

price of June and below the opening

price we want to see buying we see that

in fact does come to fruition here very

nice accelerated movement on the upside

and again now we have July of 2017 the

opening price delineated and we want to

see a movement below the opening price

and then buying nice optimal trade entry

long pattern there as well very very

explosive price action up to that

horizontal maroon color line that is

that old long

term hi so now we hit that in the month

of July at that price point now we have

to start easing off large expectations

of being bullish doesn't mean completely

abandon the idea it just means that we

have to slow down and not be so

aggressive but we can be aggressive and

looking for that long term highly

betrayed to every previous month but now

in July we can see price did in fact hit

that level so we have to be mindful that

could stop now the next month here is

August of 2017 some similar pattern we

have movement below the opening price of

August and again a nice little rally up

and it moves well it moves about 400

plus points or pips above the old long

term high so obviously we can't use a 10

to 20 or 30 pip sweep idea let me deal

with intraday charts looking for

movements beyond the old highs and lows

or double bottoms and double tops when

we were using longer turn timeframe

levels we had to have a greater

expectation of terms of the the

magnitude or range of how far it will

move past those price points now I don't

have a science to that I do use

Fibonacci to help me get to those levels

it's not always accurate sometimes it's

it's all short of it and sometimes it

goes beyond to what I thought was gonna

happen and that's technical analysis and

trading you're never gonna be perfect

you're never gonna be right but over

time you're gonna see that this method

serves you very very well now we can

take these ideas also and transpose them

to the weekly opening price now this is

going to be the framework for a lot of

the things that I teach in my mentorship

for my one shot one kill

which is essentially trading the weekly

range now I'm not gonna be teaching that

here but I will give you some of the

signature points that will help you with

the free tutorials to get really close

to how I do one shot one kill but if you

want to learn it you can go through the

mentorship and get all the fine details

about how to do and how I look for it

get the weekly hiring the weekly lows

well and if we go through this

specific idea with weekly opening price

again price action is fractal and what

we would see on a monthly basis we would

expect to see that same thing on a

weekly basis so the weekly charts

provide an intermediate institutional

bias that means it's not a long-term

bias but it's not short-term either so

it's a pretty good timeframe to look for

like swing trades or even a little bit

longer term short-term trades not just

one or two day trades and duration

longer term like two weeks to a month

this is the perspective you want to be

looking for to get those types of setups

but what we use for the weekly open if

we know that our analysis leads us to a

bullish weekly perspective we're gonna

be focusing on buying at or below the

weekly opening price when bullish and

when we're bearish on a weekly we're

gonna be focusing on selling short at or

above the weekly opening price now large

shifts in price that originate from the

macro monthly bias will provide the

framework - weekly opening price setups

now here's a key point

make sure you remember this because it's

not that every week and is gonna be

bullish or bearish not every week we'll

move in the macro directional bias but

however there will be some weeks that

move violently in agreement with the

macro monthly bias so just like we have

retracements on any other time frame we

may be longer term bullish on the macro

monthly perspective and the weekly we

may be enduring some measure of

retracement or consolidation because

this chart shows four weeks of price

action and I've highlighted or

delineated the opening price for every

respective week here and I want you to

take a look at the response that price

shows below the opening price while

we're bullish and then while price makes

a really nice buying opportunity here in

a green shaded area and it really Walt's

higher price gets a little too far ahead

of itself and needs to retrace so the

next week so even though we have the

weekly opening price and it does trade

below it we have to be mindful that it

may be

needing to retrace deeper the following

after a retracement slight consolidation

we have another opportunity where Christ

shares a willingness to show buying

strength below the opening price of the

weekly range and again later in a week

on Thursday at that particular week we

see another opportunity after taking out

the equal loads that were formed on

Monday and Tuesday of this particular

week there was two opportunities to by

Monday and Tuesday offered profitability

but then on Thursday ahead of deep

retracement retracing down below the

Monday and Tuesday is low but if you

look at the previous week the Wednesday

this low here - this high here this is

an optimal trade entry long and it's

nice houses overlaps with a run on sell

stocks below equal lows and we see a

subsequent explosive move to the upside

and in the following week on Monday of

that week we see that does create a very

nice buying opportunity and an explosive

price movement ensues on Monday trading

into Tuesday then during Wednesday and

Thursday there's a retracement and in

New York of Thursday has an exclusive

price move again that's when we see it

trade up into that long-term weekly high

okay moving right along to complete this

teaching we're going to be referring to

now the opening price on the daily so

again price action is fractal and what

we would see on other timeframes can be

seen on the daily as well but the daily

chart provides us a short-term

institutional bias so in other words

what the large institutions insurance

companies and banks what they're looking

at relative to the daily timeframe

that's going to be their short-term now

we look at a daily chart from an analyst

standpoint because as day traders and

scalpers the daily is like referred to

as a hard time frame for institutional

minded traders the daily is just like

that's their executable time frame

that's where they're doing most of their

work the orders are based around that

time frame and that's why it's important

to know previous day's highs and lows

weekly highs and lows entry week eyes

and lows and knowing what the liquidity

reference points are

there's specific levels that's going to

help you in your development as a

technical analyst but if we're bullish

relative to the daily timeframe we are

looking to be buying at or below the

daily opening price and if we're bearish

on the daily we're gonna be focusing on

selling short at or above the daily

opening price now the market will gyrate

higher and lower relative to the monthly

and or weekly perspectives as we

mentioned in the previous slides the

highest probabilities and trade in the

daily chart is when both the monthly and

weekly support the trade idea that you

would be using or hunting on dealing

focusing on the elements of time and

price will greatly assist you in

analysis and overall development as a

technical analyst if we look at this

representation of a daily range here

notice I'm only highlighting one

specific day the teaching that I just

gave you here is not to promote the idea

that if the monthly is bullish every

week is going to be bullish below the

opening and or every day is gonna be

bullish below the daily opening equally

so when the weekly is bullish it does

not translate into every day below the

opening price is bullish there's going

to be times when you have to blend some

analysis concepts to arrive at the

highest probability setups even day

trading is not every day trading I've

said this so many times over the last 10

plus years teaching just forex alone and

I want to ingrain that in your mind that

even though we have tools and I've shown

this in the last two months online every

single day finding a setup I do that to

show you what's available in terms of

opportunity and understanding I am in no

way shape or form trying to promote the

idea that you can find they setup

yourself every single trading day I've

been doing this for 25 plus years and it

takes a lot of effort and experience to

get to that level and I'm sometimes

wrong too but many of my new students

we'll see that and they'll say well you

know I'm gonna do the same thing and I'm

not trying to promote that idea this

teaching was to highlight the importance

of going from a hard time frame down to

a lower time frame using a similar

concept that overlaps and dovetails very

nicely but I want you to go through your

charts and study when there are really

good opportunities like this example

here for the daily buying below the

opening price where does that sit in

relationship to with the weekly range

and the monthly range and their

respective opening prices because if you

study that you will figure out where the

highest probability setups are it

doesn't mean that you're getting the

entry points it just means that you're

highlighting the proper stage when these

explosive price moves that move

directionally biased happen so hopefully

you found this teaching insightful and

until next time I wish you good luck and

good trading