Summary: 2022 Ict Youtube Mentorship
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6 2022 ICT Mentorship Episode 6
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6.1 What Does a Bearish ICT Fair Value Gap Look like
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What is the basis of the Institutional Order Flow pattern?
- Based on a Three Candle formation.
- Forms a part of Bearish ICT Fair Value Gap.
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Where is the Bearish ICT Fair Value Gap typically found?
- Just above a single Price High.
- Above Multiple Price Highs.
- Relative basis indicated as [Double Top].
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What is the first thing that algorithms operate under?
Time is the primary factor for algorithm operation. -
What is a bearish ICT fair value gap?
A bearish ICT fair value gap consists of:- A three candle formation
- First candle: high
- Second candle: extended low
- Third candle: continuation
- Small gap created when price is offered only on the sell side
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What is the role of the first candle in this formation?
The first candle represents:- The highest price
- Establishes the initial resistance
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What does the second candle exhibit in this setup?
The second candle shows:- An extended low
- A drop below the first candle
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What does the third candle signify in the pattern?
The third candle indicates:- Continuation of market movement
- Follows the second candle low
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What does the gap between the candles represent?
The gap shows:- Price only offered on the sell side
- Inefficiency in market delivery
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How can the bearish ICT fair value gap be visualized?
It can be visualized as:- A diagram showing the candle structure
- Highlighting the gaps between candles
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What is a key aspect of price behavior in this gap?
Price behavior includes:- Being offered on the sell side
- Staying within the defined candle range
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