Open float is the total open interest, every order in the market

ICT always gets the question, how do we know if the market will run the low and keep on running or if it will reverse after sweeping it? ICT will teach the ideas that he uses to get to that conclusion.

Whenever we get a bearish shift, your eyes should go right to the high it just came from thats going to have a lot of liquidity above it on the daily chart.

Market is not trading against reatil, theyre trading against large funds

Notice how there wasnt any significant move on sell stops during the push above 1.1515 from 1.0530. Once we took the liquidity above 1.1515 we took sell stops

This is your first clue that were probably going to work sellside now, we came a long way from 1.0534 without taking sell stops once and now we took sellstops after an important high was taken

The chances of it coming above 1.1515 now is very low, because its constantly taking SSL and every time it does it it drops more and more and every rally its failing to gain ground, even if its taking a short term high its not gaining anymore ground on the upside, every high is being distributed

Its gaining more ground to the downside. If it gains more ground to 1 side of the market thats a good indication.

If it keeps going lower everytime its telling you it wants to seek SSL and open float below the market place. This wil give you the knowledge to know which side it wants to run

ITH is a high with a STH to the left and right of it. And a LTH is a high with ITH to the left and right of it like a head and shoulders pattern Invert it for the lows Once you see that thats how ICT views market structure

Study the dailt charts like we did today

Open float is the study of how price reaches above and below the market price

Knowing where orders will be building that will give you the framework what side of the market place are seeking to run on, if you do this on the daily chart it will give you a long term bias and institutional sponsorship behind your trades