Its a small group of traders that move the markets
Price equilibrium = asian range Manipulation = judas swing Reversal = London open Expansion = London open Consolidation = 5am till 8am Retracement = 8am to 830 Reversal or expansion in new york sessions Then London close reversal Then consolidation
Everything starts with a consolidation Next stage is always an expansion, impulse price swing up or down Once were in the expansion phase it can retrace to an orderblock it left behind or it can reverse and once it reverses we move back into another expansion and then it goes back into a consolidation
Can happen: Consolidation → expansion Expansion → retracement or reversal
Can NEVER happen: Consolidation can never go into reversal Consolidation can never go into retracement Consolidation → Expansion can never go into another consolidation
Consolidation → expansion → retracement to where it expanded from and then another leg up or down Or Consolidation → expansion → reversal
General: Asia consolidation → Expansion → reversal in London making the high/low of the day → Expansion → Small consolidation in new york → retrace between 800-830 → expansion → reversal → consolidation
When you have HTF bias understood it becomes easy to know what price will do
Same thing happens on the weekly Sunday open = consolidation Monday = expansion Tuesday = reversal Wednesday = expansion Thursday = consolidation midweek Friday = reverse or retrace