These articles are meant to get to the point quickly. They can be used to improve execution on daily plans but will also work in general to improve on price action concepts. Typically every successful strategy relies on some form of similar analysis using different language. Opening range breakouts, ICT models, Trader Vic 2b setups, pivots, EMAs, Wyckoff, Volume profiles etc They’re all describing price action rebranded and using different terminology. What they’re showing is different ways price moves based on seeking liquidity. The market is a zero sum game – for someone to win someone else has to lose. For instance when price dips below a support and reclaims. Wyckoff would describe this as a spring, Trader Vic 2b as a false breakdown or a “liquidity grab”. In actuality they’re all the same thing. If these models didn’t mesh as they do then price action wouldn’t follow as mechanically using the logic that it does. Using various forms of signals from different systems need to arrive at a similar conclusion or price would always be in chop. Putting aside all terminology price moves based on bullish or bearish mechanisms to stop out leveraged longs or shorts and reverse price. For instance you may learn early that price can remain oversold or overbought for days, months or years. Without the mechanism to release that overbought or oversold potential energy there is no reversal. Bullish Mechanisms: False BreakdownThis can work on horizon lines or in channels. Bearish Mechanism: False BreakoutWhat is looks like on a chart:RTY 2021 High – False Breakout Covid Dip – False Breakdown ES Descending Channel – False Breakout submitted by /u/efficientenzyme to r/EEtrades |