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ICT Weekly Range Profiles

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0% found this document useful (0 votes)
81 views14 pages

ICT Weekly Range Profiles

Uploaded by

sam.samy.shakeel
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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What is ICT Weekly Range Profiles?

ICT weekly range profiles are conceptual frameworks that describe typical patterns of price

behavior during a trading week.

Each ICT weekly range profile has unique characteristics that can hint the traders in anticipating

potential market movements.

However, it is important to note that these profiles are not fix predictions but rather frameworks to

understand market tendencies.

Each ICT weekly range profile is explained below with examples.


(I) Classic Tuesday Low of the Week

Bullish Profile : When price is bullish it may manipulate on Monday and hover above a higher a

higher time frame discount array.

Then on Tuesday it drops into higher time frame discount array to form low of the week.

To anticipate all this phenomenon you should know the higher time frame discount array.

When the market fails to drop into the discount array on Monday then its most likely that Tuesday

will se the drive lower to mark weekly low in London or New York session.
(II) Classic Tuesday High of the Week

Bearish Profile : When price is bearish it may manipulate on Monday and hover below a higher a

higher time frame premium, array.

Then on Tuesday it rises into higher time frame premium array to form high of the week.

To anticipate all this phenomenon you should know the higher time frame Premium array.

When the market fails to rise into the premium array on Monday then its most likely that Tuesday

will se the drive higher to mark weekly high in London or New York session.
(III) Wednesday Low of the Week

Bullish Profile : When price is bullish it may manipulate on monday and tuesday and hover above a

higher a higher time frame discount array.

Then on wednesday it drops into higher time frame discount array to form low of the week.

To anticipate all this phenomenon you should know the higher time frame Discount Array

When the market fails to drop into the discount array on Monday and Tuesday then its most likely

that Wednesday will se the drive lower to mark weekly low in London or New York session.
(IV) Wednesday High of the Week

Bearish Profile : When price is bearish it may manipulate on monday and tuesday and hover below

a higher a higher time frame premium array.

Then on wednesday it rises into higher time frame premium array to form high of the week.

To anticipate all this phenomenon you should know the higher time frame premum array.

When the market fails to rise into the premium array on monday and tuesday then its most likely

that wednesday will se the drive higher to mark weekly high in London or New York session.
(V) Consolidation Thursday Bullish Reversal

When price is bullish it may consolidate on monday through wednesday then runs the intra-week

low and rejects it forming a market reversal.

To anticipate this you must know the higher timeframe discount array.

And when price fails to drop into higher timeframe discount array then its likely that thursday will

see drive lower on market driver news or interest rate release late New York session around 02:00

PM (New York local time).


(VI) Consolidation Thursday Bearish Reversal

When price is bearish it may consolidate on monday through wednesday then runs the intra-week

high and rejects it forming a market reversal.

To anticipate this you must know the higher timeframe premium array.

And when price fails to rise into higher timeframe premium array then its likely that thursday will

see drive higher on market driver news or interest rate release late New York session around 02:00

PM (New York local time).


(VII) Consolidation Midweek Rally

Bullish Profile : When price is bullish and consolidates monday through wednesday then runs into

intra-week high and expands higher into friday.

How to Anticipate?

When the price is bullish and has yet to run to premium array on the higher timeframe and it has

recently rallied from a discount array and simply paused without any bearish reversal price action.

This indicates price is about to expand higher for the premium array.
(VIII) Consolidation Midweek Decline

Bearish Profile : When price is bearish and consolidates monday through wednesday then runs

into intra-week low and expands lower into friday.

How to Anticipate?

When the price is bearish and has yet to run to discount array on the higher timeframe and it has

recently declined from a premium array and simply paused without any bullish reversal price

action.

This indicates price is about to expand lower for the premium array.
(IX) Seek and Destroy Bullish Friday

Neutral-Low Probability Profile When price consolidates monday through thursday running shallow

stops under and above intra-week high, then runs the intra-week high and expands higher into

friday.

How to Anticipate?

When market is awaiting interest rate announcements or Non-Farm payroll, it can create this

profile in the summer months of July and august.

Better to avoid trading in these conditions.


(X) Seek and Destroy Bearish Friday

Neutral-Low Probability Profile When price consolidates monday through thursday running shallow

stops under and above intra-week high, then runs the intra-week low and expands lower into friday.

How to Anticipate?

When market is awaiting interest rate announcements or Non-Farm payroll, it can create this

profile in the summer months of July and august.

Better to avoid trading in these conditions.


(XI) Wednesday Weekly Bullish Reversal

When price is bullish and consolidates monday through tuesday and drives lower into higher

timeframe discount array on wednesday to induce sell stops and then strongly reverses.

When the market is trading at the long term or intermediate term low, price will pair institutional

buying with pending sell side liquidity (sell stops raid).


(XII) Wednesday Weekly Bearish Reversal

When price is bearish and consolidates monday through tuesday and drives higher into higher

timeframe premium array on wednesday to induce buy stops and then strongly reverses.

When the market is trading at the long term or intermediate term high, price will pair institutional
selling with pending buy side liquidity (buy stops raid).

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