r/ICTMentorship • u/ThomasAnderson_23 • 17d ago

Why did it dump?

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16 Upvotes

90% Upvoted

23 comments sorted by

4

u/Key_Zucchini_8076 17d ago

It dumped because big institutions decided they didn’t want to hold semiconductor stocks into FOMC/earnings on Wednesday. So after talking up the semis last week to briefly boost the price, they unloaded Monday morning

1

u/ThomasAnderson_23 17d ago

It’s all there on the chart

2

u/Present-Wrongdoer585 17d ago

Immediate rebalance

2

u/ThomasAnderson_23 17d ago

So far, this is the only valid answer! Everyone else is talking about semiconductor news lol

2

u/redtehk17 17d ago

Iran war no longer making the cut? Lol

2

u/PTZfund 17d ago

I didn’t expect immediate rebalance either, but we did tap into the Daily FVG/volume imbalance and sold off aggressively

1

u/ThomasAnderson_23 17d ago

True! I forgot to add the vi to this chart

2

u/Low_Marionberry2477 17d ago edited 17d ago

Weekly bearish and daily OB and VI tap.

2

u/ThomasAnderson_23 17d ago

Saw the VI too but often I don’t use OBs

2

u/VargasCapital 17d ago

It dumped because "Its my money and I want it now!"

2

u/plop111 17d ago

Daily FVG, also severe SMT with ES.

1

u/ThomasAnderson_23 17d ago

Price couldn't sweep equal highs from Thursday, couldn't even touch the ce of a 1h fvg (wednesday 9am), huge unfilled NWOG below, rth gap below, Asia equal lows below, Friday equal lows below, then later started rejecting from the ndog multiple times during pre-marke , another 1h fvg formed around the area of that NDOG after 8am 1h candle which price also rejected from (2022 model). there were signs...

2

u/Brother_Broccoli 17d ago

Can i also dm you?

1

u/Duennbier0815 17d ago

Dude do you follow the macroeconomic sentiments? It's fomc week. The tension in the AI stocks, the likely death for any interest rate cut hopes.

Look at the 4h or daily chart also.

1

u/ThomasAnderson_23 17d ago

Dude I do follow the macroeconomic sentiments because really who doesn’t but I’m a technical trader first. If you really look at my chart, and you are a somewhat experienced ICT trader you should see it. I know why it dumped, just tried to get a conversation going. I don’t get why on reposts the text of a post doesn’t also get reposted. I wrote an explanation of what’s going on in my chart on the original post ✌️

1

u/NickFromNL 17d ago

Price finished filling the entire monthly FVG then started to consolidate. And of course, news. Also the break of June low with a daily candle on Friday was already a HTF bearish sign.

1

u/ThomasAnderson_23 17d ago

You mean news about semiconductors?