<aside> <img src="/icons/reorder_gray.svg" alt="/icons/reorder_gray.svg" width="40px" /> Immediate Rebalance. Rejection Block sauce. Examine 1m OB on the seconds charts. DXY reaching the objective can allow ES to clear unfinished business.
</aside>
Dropping down to the Daily chart…
That’s the ICT immediate rebalance. That is very powerful in terms of knowing where the market is going. You need to have that going forward. So if you don't know what the draw and liquidity is or where the market is likely to reach, whether it be for stops or inefficiency for the purposes of rebalancing or repricing, the immediate rebalance won’t help that much. But if you have a bias like the one ICT showed us here with DXY and the Weekly -OB, you can see the reaction after Monday’s High was traded back into. Now since we hit our target or DOL, we don’t know what to expect going forward.
That +OB was our DOL for EURUSD.
Everything seen on DXY will be a mirror image on EUR. Our bias was bullish for Dollar and bearish for EUR.
We can see the same Immediate Rebalance on Monday’s low in EURUSD.
This is next DOL for EUR. Even if DXY is consolidating, EUR can reach down there.
We can see that inside the SB hour we get 2 setups. First entry would be from a FVG that formed outside of the 10-11am time window and the 2nd one is from FVG inside the SB hour. Both of them are good because there are more than 15pips distance away from the Rejection Block. RB is the lowest close of a down-close candle.
💎Many times when you have multiple wicks like that, its better to take partial profit at the Rejection Block. Because it could just go down into this order flow where the bodies are showing and it may not ever really break below the wicks because the wicks do the damage. The bodies are where the the narrative is really derived at. The bodies tell the story.
We were also looking to see if the FVG fails to offer support, we can expect it to act as Inversion level.