• If you are bearish, the ideally setup is to see a rally above midnight opening (judas swing) and then a heave drop below, but if the price doesnt even come above the midnight opening and doesnt even go into the short term premium area, then the market is extremely bearish. This also applies for New York opening price, if the price doesnt even go above the opening price then we are really extreme bearish market. This is vice versa if you are bullish.
• You dont have to participate in every single move, wait till the right setup and the right confluences.

EXAMPLE CHART OF THE VIDEO:

As you can see the market was extremely bearish, because it didnt even went above the midnight opening and the NY opening price, the market was just heading to the EQL (here is liquidity)on the daily chart.