2022 ICT Mentorship Episode - The bearish market structure shift
10 important questions on 2022 ICT Mentorship Episode - The bearish market structure shift
What indicates a bearish market structure shift?
- Market rises in the short term with little retracement.
- Trades above a previous high or initial short-term high.
- Retracement: Small then rises above an old high.
- New trading idea emerges when the low is broken quickly and energetically.
How can you identify and use fair value gaps?
- Formed between trading ranges.
- Identify when the price goes above an old high and then below it.
- Map over time if it takes out a short-term low.
- Use displacement low and high to find market movement potential.
What is the significance of displacement in market analysis?
- Displacement shows the distance from current to previous high/low.
- Measure price willingness to move lower.
- Creates a new displacement low.
- Height shows displacement strength.
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How does the pattern described help in trading decisions?
- Watch for bearish candles closing below levels.
- For gaps: look for fair value gaps between low and high.
- Trading opportunity: always present in this pattern.
- Pattern useful for both long and short positions.
Describe the casual breakdown of a bearish market structure shift.
- Short-term rise: Minimal pullback, possibly over old high.
- Drop: Falls below recent low.
- Trade time: New ideas start.
- Quick drop: Fast and strong, not weak.
What is a "real drop" in trading terms?
- Price must significantly go down and close below the low.
- Need more than just a slight dip below the low.
How is "displacement" defined in trading?
- Displacement means quick price movement.
- Concerned with the range where the price moved quickly.
- Displacement range is key for locating trade opportunities.
What does "fair value gap" indicate?
- Look for gaps within the displacement range.
- Identifies where trades might occur.
- Absence of a gap means no trade opportunity.
Why is "close below" significant in trading?
- Ensures the price closes below the previous low.
- Confirms the occurrence of displacement.
- Important for establishing trading decisions.
What does "big drop = good" signify?
- A large, strong bearish candle closing low is desirable.
- Indicates strong market movement.
- Helps in confirming the trend direction.
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