50% of the wick on 9th Jan is basically the same level as the high of 10th Jan. We are going to monitor this area if we drop there. Its a considerable drop. We would favor to go to the mid point of the wick on Jan 13th.

<aside> <img src="/icons/reorder_gray.svg" alt="/icons/reorder_gray.svg" width="40px" /> PO3 using 0:00, 8:30, 9:30, 13:30 opening price / Algorithmic theory

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These are the levels from the Hotboxing Twitter Space. In that Space ICT said that we didn’t have a clear cut scenario. When that happens we have to wait for more information and let the market show us something.

When ICT is drawing attention to a specific level or other thing. We have to start watching what price does and look how all the things he talks about, materialize in real time. If that specific level is above the market price at the time of tweet, we are currently bullish and look for reasons to up to that level. It doesn’t mean that it will happen in that exact moment. We have to look ourselves for FVGs, OTE, Bullish OB. Something that can present an entry.

Because of where we were at the time of the Space, all those wicks, we didn’t have any confidence to side on 1 narrative or bias into London or AM session. We have neutral bias and that is when we need more information, allow the 9:30 opening to give you that indication of what it wants to do.

The precision in Futures allows us to place very precise stop losses behind the PD arrays that ICT teaches us. And if it violates those. lets say, bullish PD arrays then we are probably going even lower so its better to be stopped out earlier.

Look at the high at Jan 10th and the low of Jan 18th. That’s perfect precision. You cant better this. We must for the opening bell at 9:30 and collect some intel.

Dropping down to the 1H.

4030.75 was our target for upside from last week. Also 4020. And if we breach above 4030, perhaps also 4040 level and ICT would give room for that to happen. What we wanted to see and get him in alignment to go short based on the analysis from the Hotboxing (these lower levels, the EQ’s and FVG). But there was no clear cut scenario. We were bumping into that 4030 level on the Daily chart. That upper boundary in the form of Premium, didn’t allow to go beyond that much for higher FVG.

So we would be looking for Short-term Buy Stop hunts. It could run above that STH marked in the chart. If that would have happened we could expect to be a Turtle Soup and to fail, fake break out. Go short, sell it and look for 3982.50 for TP.

Up here…

The market does not drop because there were many sellers. This is not selling pressure. The markets are absolutely controlled. The algorithms run price. They will move price regardless of how much volume is coming in. The core reason of what is going on is that everything is manipulated. Its all controlled. So you have to wait for certain things to appear and occur in PA. Those are the things ICT teaches us: Precision entries, partials and exits, stop loss and risk management.

⚠ There are times where is better to wait for more intel. Because once it shows its hand to you, then the manual intervention that can take place, that you can’t foresee happening. Wait for the algorithm to do specific things and show you what it wants to do.

Because of the fact that we were in a Premium range on the Daily on Tuesday night. And because we already tried to go above it a several times and we only have one real run on Sell Side, its more likely to do what it did (drop lower). But we want to wait and see at 9:30 in the morning if we want to run up and take out those Buy stops at the marked High, or into 4040. We could use that to go Short and add more positions on FVGs, bearish breakers, bearish IOFED. But because it didn’t deliver that and it was staying in a range so ICT just worked in that small range.