Today before "ADP Non-Farm Employment Change: news big players took the advantage of news and followed ICT PO3 pattern which is ACCUMULATION MANIPULATION DISTRIBUTION
ICT power of three is the strategy which exposes the smart money traps for retail traders.
ICT power of 3 concept is also known as AMD setup because of the three main concepts accumulation, manipulation and distribution.
Accumulation phase is when market ranges near important level and smart money accumulate their positions in this area.
Manipulation phase, as obvious from the name, is to manipulate the retail traders. After accumulation smart money moves the market in opposite direction .
Distribution phase is the real move. After manipulating retail traders smart money add their positions toward the real direction of market hence moving market opposite to retail mindset.
In above chart i tried to show this po3 strategy developed by ICT . Before the red folder news market was ranging.. post that big players manipulated towards the order block and made high 2523.. and started distribution and till now made low near 2504.
Elliott wave and ICT concepts are very easy to learn if one keeps positive mindset of learning.