ICC Trading Strategy: Higher Timeframe Trading Using Highs and Lows 1. Indication (I): - Definition: The indication occurs when the price breaks a resistance or support level. - Reason: This break typically happens as the price captures liquidity from breakout traders. - Purpose: Indications help determine the potential extent of the price movement, leading to the creation of a new high or new low. 2. Correction (C): - Definition: During correction, the price grabs liquidity in the opposite direction of the initial breakout. - Action: This involves the price moving under or above the level where the initial breakout occurred. - Purpose: The correction phase ensures that liquidity from both sides of the market is captured. 3. Continuation (C): - Definition: Continuation happens after the correction phase is complete and all liquidity has been swept from the market. - Action: The price then returns above or below the initial indication level. - Purpose: The price is now set to move towards the new high or low that was created during the indication phase. This strategy leverages the concepts of liquidity capture and market structure to identify potential price movements on higher timeframes.