Understanding ICT Classic Weekly Profile on BANKNIFTYICT weekly profiles are conceptual frameworks that describe typical patterns of price behavior during a trading week.
Each ICT weekly profile has unique characteristics that can hint the traders in anticipating potential market movements.
However, it is important to note that these profiles are not fixed predictions but rather frameworks to understand market tendencies and works with Higher Time Frame PD arrays confluences.
ICT weekly profile is explained below with BANKNIFTY Chart analysis
Classing Thursday High of Week (Bearish Setup)
Key element to focus :
Higher Time Frame Premium array (Weekly Buy Side Liquidity) for bearish setup
Time Frames alignment :
HTF --> W1 (PD Arrays)
LTF ---> H4 (Market Structure)
ETF --> M15 (Entry)
Process :
1. Market offers Liquidity from Monday to Wednesday
2. Market seeks Liquidity on Thursday
3. Market rebalances on Friday
