Here we get introduced to our ETF -> 60m -> 15m -> 5m, and later our offbeat 2-minute models.

Here you can see how Friday daily was stuck in a range. Once Monday comes around the corner you can see that we take out buyside liquidity, and also sell side liquidity.

As mentioned in the liquidity chapters before, when consolidations occur, we expect both sides to be shaken out. These setups are not high probability, since the indecision from market making capable participants is uncertain indeed.

Our goal after a consolidating day, is to await a sweep on either direction, and then target the opposing direction. As we anticipate that liquidity needs to be shaken out on both ends.

Notice how after each sweep of liquidity from the previous consolidated day, we go for the opposing direction. When the daily is stuck in the range, watch out and wait for the shakeout. Notice as well how we created the High of the day HOD during London, and created the LOD in New York ;).

All when theory slowly comes back together, notice how the vertical line showcases NY midnight, and that there was deadtime prior to that all the way from ASIA open.