ICT Weekly Range Expansion Model – ICT Charter Content

This blog post focus on the short term trading model named ICT weekly range expansion from ICT charter content.

Reading this blog and dedication yourself to real market practice will enable you to identify and trade ICT weekly range expansion like a pro.

ICT weekly range expansion model is based on the expanding week either bullish or bearish and focus on 3 ICT PD Arrays.

(I) Fair Value Gap.

(II) Old Low/High.

(III) Liquidity Pool

What is ICT Weekly Range Expansion Model?

As we discussed earlier its a short term trading model in an expanding week either bullish or bearish using only 3 ICT PD arrays listed above.

ICT weekly range expansion model is based on 3 steps listed below.

(I) STAGE (Weekly Direction)

(II) SETUP (Range Expansion)

(II) PATTERN (Execution)

So first of all what you need is the stage means weekly direction/bias for the weekly candle.

Which you can find by looking at the weekly chart and finding if the price is gonna take the liquidity or going to fill the Fair value gap.

And your setup is gonna be rage expansion and the pattern is to be based on PD array matrix and looking for opposing PD arrays.

How to Trade Bullish Week Range Expansion?

First of all you should have a correct weekly bias which confirms the next week bullish price move.

You can find this by looking at the weekly chart if it has taken any sell-side liquidity or it is in the Discount PD array.

Then its going to target buy-side liquidity or any Premium PD array.

For extra confirmation you may look for daily timeframe Market Structure Shift to the buy-side.

Now after having a correct bullish weekly bias you have to wait for new week opening you may use Sunday opening or Monday opening does not matter.

But for execution of trade we will wait until Monday opening because mostly the Monday creates low of the week and an expansion as well.

You will be buying on Tuesday at the opening of 04:00 AM (NY local time) candlestick which could be at opening price or below the opening price of Tuesday candlestick.

And you will hold this trade for at least Thursday New York opening because Tuesday to Thursday mostly sees range expansion.

Your stop loss in this model will be only 50 pips below the buying price.

How to Trade Bearish Week Range Expansion?

First, ensure you have a correct weekly bias that confirms the next week’s bearish price move.

You can determine this by examining the weekly chart to see if it has taken any buy-side liquidity or if it is in the Premium PD array.

Then, it’s going to target sell-side liquidity or any Discount PD array.

For additional confirmation, you may look for a daily timeframe Market Structure Shift to the sell-side.

After establishing a correct bearish weekly bias, you wait for the new week opening; you may use Sunday opening or Monday opening, it doesn’t matter.

However, for executing the trade, wait until Tuesday opening because Tuesday often creates the high of the week and an expansion as well.

You will be selling on Tuesday at the opening of the 04:00 AM (NY local time) candlestick, which could be at the opening price or above the opening price of the Tuesday candlestick.

Hold this trade at least until Thursday New York opening because Tuesday to Thursday mostly sees range expansion.

Your stop loss in this model will be only 50 pips above the selling price.

Final Thoughts

Always remember that preserving your capital should be your top priority. Utilize stop losses, manage your positions wisely, and never risk more than you can afford to lose.

The bearish week range expansion strategy outlined in this article provides a structured approach, but it requires careful analysis and discipline. If you have any questions or need further clarification, feel free to leave a comment below.

Happy trading and stay safe!