BREAKING: The US and Iran have agreed to halt strikes and meet this week, per Axios.
The announcement comes just one hour before US stock market futures are set to reopen.
Economic Calendar Outlook👁️
𝗠𝗼𝗻𝗱𝗮𝘆: Trade day (wait for 9:30am) ✅
𝗧𝘂𝗲𝘀𝗱𝗮𝘆: Trade day (wait for 9:30am) ✅
𝗪𝗲𝗱𝗻𝗲𝘀𝗱𝗮𝘆: Trade day (wait for 9:30am) ✅
𝗧𝗵𝘂𝗿𝘀𝗱𝗮𝘆: Trade day (wait for AFTER NFP) ⚠️
𝗙𝗿𝗶𝗱𝗮𝘆: Avoid (Bank Holiday) ❌
Our roadmap 🗺️
BREAKING: The US Pentagon delayed publicly announcing US strikes on Iran until after the US stock market had closed at 4 PM ET on Friday, per NBC News.
The timing of the announcement was reportedly intended to "reduce the immediate impact on financial markets."
What just happened?
In just 27 minutes, the Nasdaq 100 just fell -1,000 points and the S&P 500 erased -$1 TRILLION without any major headlines.
The Nasdaq opened +1% higher then fell -3% between 9:30 AM and 9:57 AM ET.
What does it all mean? Let us explain.
(a thread)
The most important concept in ICT is "timeframe alignment."
This is because all of the concepts only work together effectively when the correct timeframes are aligned with each other.
1- A good key level can become useless if paired with the wrong entry timeframe.
2- A valid SMT can become meaningless if it's being used against higher timeframe context.
3- A structural shift can be significant on one timeframe and completely irrelevant on another.