Understanding Weekly Profiles in ICT Trading - [TFlab] Free

Weekly Profiles are strategic frameworks used in Forex education to understand and anticipate recurring price movements throughout the trading week. These patterns typically fall into bullish, bearish, or range-bound categories and are instrumental in forecasting potential market directions.

Classic Tuesday Low of the Week
In bullish market conditions:

1. Monday may involve manipulative price action remaining above the discount level on higher timeframes.
2. If a price drop does not occur on Monday, it typically happens on Tuesday during the London or New York sessions, forming the weekly low.
3. The move toward the discount level is often sharp and liquidity-driven.

Classic Tuesday High of the Week
In bearish trends:

1. Price action on Monday remains below the premium level, often exhibiting deceptive volatility.
2. If no significant upward movement occurs on Monday, prices tend to reach the premium zone on Tuesday, usually forming the weekly high.
3. This move commonly takes place during the London or New York sessions.

Wednesday Low of the Week
During bullish market phases:

1. Price generally fluctuates on Monday and Tuesday but stays above the discount level.
2. If no downward liquidity sweep occurs earlier, the weekly low typically forms on Wednesday.
3. The discount level is often tested during the London or New York sessions.

Wednesday High of the Week
In bearish market environments:

1. Price manipulation occurs on Monday and Tuesday below the premium level.
2. By Wednesday, price often rallies to test the premium area, creating the weekly high.
3. The move is usually time-aligned with the London or New York sessions.

Consolidation Thursday Bullish Reversal
In a bullish trend:

1. Price may consolidate from Monday to Wednesday without reaching the discount level.
2. A drop toward the discount level may occur on Thursday, often influenced by economic news or interest rate announcements.
3. After stop-hunting below the weekly low, a bullish reversal generally follows.

Consolidation Thursday Bearish Reversal
In bearish markets:

1. Price consolidates from Monday through Wednesday, creating a tight range.
2. After breaching the weekly high on Thursday, price often reverses downward.
3. This move typically aligns with high-impact economic reports late in the New York session.

Consolidation Midweek Rally
In bullish scenarios:

1. A Monday-to-Wednesday consolidation phase sets up the market for a midweek rally.
2. Upon breaking the weekly high, the price continues to rise toward Friday.
3. The rally often targets the premium levels on higher timeframes, confirming bullish continuation.

Consolidation Midweek Decline
In bearish trends:

1. The market consolidates in a range early in the week.
2. A break below the weekly low typically follows on Thursday or Friday.
3. The move suggests extended bearish momentum toward the discount level on higher timeframes.

Seek and Destroy Bullish Friday
In specific bullish conditions:

1. The market consolidates from Monday through Thursday, with small stop hunts above and below range extremes.
2. On Friday, price breaks the weekly high and extends upward.
3. This scenario often occurs in low-probability environments, particularly during summer months or in anticipation of employment data or interest rate decisions.

Neutral-Low Probability Profile
In range-bound conditions:

1. Price fluctuates within a tight range from Monday to Thursday, triggering minor stop runs.
2. A drop below the weekly low often unfolds on Friday, confirming a bearish continuation.
3. This profile typically appears during high-impact news weeks or monetary policy events.

Wednesday Weekly Bullish Reversal
In a bullish reversal setup:

1. The market consolidates from Monday to Tuesday.
2. On Wednesday, a sharp move toward the discount level activates sell stops before a strong rebound.
3. This pattern often aligns with institutional buying near long-term or mid-term lows.

Wednesday Weekly Bearish Reversal
In a bearish reversal structure:

1. Price consolidates during the early part of the week.
2. On Wednesday, it rises toward the premium level to trigger buy-side liquidity.
3. The result is a sharp bearish reversal, often fueled by institutional selling.

Conclusion
Mastering ICT Weekly Profiles provides traders with a strategic edge in recognizing and acting upon recurring intra-week price behaviors. By identifying key scenarios such as Tuesday highs/lows, midweek reversals, and Thursday consolidations, traders can align their entries with institutional order flow and liquidity zones.
Understanding how price interacts with Premium and Discount levels on higher timeframes is critical for effectively applying these models.