ICT Decoded · Weekly Profiles: Consolidation Reversal, Intraweek Reversal, Thursday Counter and TGIF
What Are the ICT Consolidation Reversal, Intraweek Reversal, Thursday Counter and TGIF Profiles?
By Steve H — reads every firm’s official rulebook, checks prices and codes daily, and maintains the Enigma Score · Methodology · Editorial policy · Last updated October 31, 2026
ICT concepts were created and are taught by Michael J. Huddleston, The Inner Circle Trader (X · YouTube). This lesson is FundedEnigma’s own summary, not affiliated with or endorsed by ICT.
In short: They are four ICT weekly profiles. In a consolidation reversal, Monday to Wednesday range and Thursday turns the week. An intraweek reversal is a turn inside the week that is not the wick. In a Thursday counter, Thursday pushes back on a Monday-to-Wednesday trend. In TGIF, Friday pulls back into a week that trended through Thursday.
ICT Weekly Profiles: Consolidation Reversal, Thursday Counter and TGIF Explained (Real NQ Data) · 8:32 · published October 31, 2026 · part of the ICT Concepts Decoded playlist
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Key facts: the four weekly profiles at a glance
| Profile | How we define it (bullish; bearish is the mirror) | How often (731 NQ weeks) |
|---|---|---|
| Consolidation reversal | Tuesday and Wednesday close inside Monday's range; Thursday trades below the Monday-to-Wednesday low only and closes back inside; done when Friday holds above Thursday's low and closes above Thursday's close | About 1 week in 40 completed |
| Intraweek reversal | A Tuesday, Wednesday or Thursday failure read (runs the previous day's low, closes back above it without taking its high) at a level that is not a new low for the week | The level held to Friday a bit more than half the time |
| Thursday counter | Wednesday closes beyond Monday's range (Monday to Wednesday trended); Thursday trades back through the 50% of that move | About 4 in 10 of those trends |
| TGIF | The low so far on Monday or Tuesday, the high so far on Thursday; Friday's pullback into that range is measured | The shape in more than half of all weeks |
| The week | Five CME sessions, Sunday 6 PM open to Friday 5 PM close | New York time |
Last verified 2026-10-31. All charts below are real historical CME NQ futures data, shown in New York time.
Here is one on a real week. In the last week of July 2026, price fell more than fifteen hundred points from Monday to Wednesday. Then on Thursday it rallied about twelve hundred points, and that evening it was back above where the week opened. The week still closed down, but Thursday countered the move.
What are these weekly profiles?
They build on the classic expansion and midweek reversal. Same idea from ICT (Michael J. Huddleston): a weekly profile is about which day makes the wick of the weekly candle, and what the days after it do.
- Consolidation reversal: Monday to Wednesday go nowhere. Thursday runs one side of that range, turns, and makes the wick.
- Intraweek reversal: the turn comes inside the week, but it is not the wick. It is a higher low, or a lower high.
- Thursday counter: Monday to Wednesday trend, and Thursday pushes back hard against that move.
- TGIF: the week has trended through Thursday, and Friday trades back into the week's range.
How do you identify these weekly profiles?
In this lesson we define them so they can be tested on real data, on the same week as the classic expansion lesson: Sunday's 6 PM open to Friday's 5 PM close. Bullish versions are shown; bearish is the mirror.
- Consolidation reversal: Tuesday and Wednesday both close inside Monday's range. Thursday trades below the low of Monday to Wednesday, not above its high, and closes back inside. It counts as done when Friday holds above Thursday's low and closes above Thursday's close.
- Intraweek reversal: a Tuesday, Wednesday or Thursday that runs the previous day's low and closes back above it without taking its high, the failure read from our daily bias lesson, at a level that is not a new low for the week.
- Thursday counter: Wednesday closes beyond Monday's range, so Monday to Wednesday trended, and Thursday trades back through the middle (50%) of that move, the same equilibrium idea as in premium and discount.
- TGIF: the low so far is in on Monday or Tuesday, the high so far comes on Thursday, and we measure how far Friday pulls back into that range.
What do these weekly profiles look like on real charts?
Example 1: a bullish consolidation reversal, the week of November 27, 2023
- Monday trades from 15,938.75 to 16,089.25.
- Tuesday closes inside that range. Wednesday pokes above it, to 16,208.50, but closes back inside too. Three days, no direction.
- On Thursday price runs below the low of the range, to 15,856.00 at 1:31 PM. It does not touch the top, and it closes back inside, at 15,957.00.
- Friday dips but holds above Thursday's low, and closes at 16,030.25, above Thursday's close. Thursday's low was the low of the week.
- Friday never got back to Wednesday's high. It counts as a consolidation reversal by our rule, but the expansion was small.
Example 2: an intraweek reversal, the week of July 14, 2025
- The low of the week is in at the open, 22,803.00, and by Tuesday morning price is above 23,200.
- Then it pulls back. On Wednesday price runs below Tuesday's low, down to 22,835.50 at 11:37 AM, then closes back above it, at 23,063.25. A failure, a bullish read.
- That low is 32.50 points above the low of the week. So it is not the wick: it is a turn inside the week.
- Thursday trades above Tuesday's high, and Friday makes the high of the week at 9:28 AM, at 23,320.75. Wednesday's low is never traded again.
Example 3: a Thursday counter, the week of July 27, 2026
- The week opens at 28,500.00, and Monday makes the high of the week, 28,763.25.
- By Wednesday's close, at 27,259.25, price is well below Monday's low. Monday to Wednesday trended down, more than fifteen hundred points.
- Thursday counters it. At 9:44 AM price is back above the middle of that move, and it reaches 28,414.50 at 4:30 PM.
- That evening, in Friday's session, price trades back above the week's open, and Friday reaches 28,725.75. It still closes below the open, at 28,287.00.
Example 4: a bearish TGIF, the week of August 17, 2026
- Monday makes the high of the week, 30,343.00, at 6:29 AM.
- On Tuesday price falls through the previous week's low, a draw on liquidity, and on Thursday at 2:16 PM it makes the low of the week, 29,202.75.
- Friday does not go lower. It pulls back up to 29,539.00 at 7:36 AM, just under thirty percent of the week's range from the low.
- It closes up on the day, at 29,374.00, but the week still closes down. The Friday pullback lifted the close off the low; Monday's high is still the wick of this bearish week.
How often does each weekly profile happen?
Each one is either a common shape or a rare finish. We ran these rules on the same 731 full weeks of Nasdaq futures as the classic expansion lesson, from June 2010 to September 2026, leaving out weeks with a missing trading day and weeks with a contract roll.
- Tuesday and Wednesday both closed inside Monday's range about one week in four. But a Thursday run of one side that closed back inside came up only 51 times, and only one in three finished as a consolidation reversal: about one week in forty.
- Monday to Wednesday trended about two weeks in three, and Thursday countered about four times in ten. After a counter, the week's open was reached about two times in three. But after the counter, price went on to trade beyond the Monday-to-Wednesday extreme again about four times in ten.
- The TGIF shape came up in more than half of all weeks. Friday pulled back at least 20% of the range three times in four. But Friday also pushed on to a new extreme for the week about six times in ten, and it closed against the week about as often as any other Friday.
- When a failure read came at a higher low or a lower high, that level held to Friday a bit more than half the time. At a new low or high for the week, a little under half.
These are labels you confirm as the week builds, not calls you make on Monday.
How do you use these weekly profiles in your own charting?
Use them to describe the week as it builds, not to predict it.
- Sort Monday to Wednesday first. A range is where a consolidation reversal can form; a trend is where a Thursday counter or TGIF can form.
- Expect most setups not to finish. On our data, consolidation reversals were rare, and after a Thursday counter the Monday-to-Wednesday extreme was still traded again about four times in ten.
- Treat a Friday pullback as normal. In TGIF weeks Friday pulled back at least 20% of the range three times in four, and it closed against the week about as often as any other Friday.
- Do not treat them as signals. This page describes how price behaved, not a trade.
More concepts in the series are on the ICT Concepts Decoded hub. If you trade futures with a prop firm, you can look up a firm's rules on the challenges page or set two firms side by side on the compare page.
Frequently asked questions
What does TGIF mean in ICT?
It stands for "thank God it's Friday": after a week that trended through Thursday, Friday pulls back into the week's range, off the high (or low) that Thursday made. In our data the shape was common, and Friday closed against the week about as often as any other Friday.
Is a Thursday reversal the end of the trend?
Not always. After Thursday traded back through the middle of a Monday-to-Wednesday trend, price went on to trade beyond the Monday-to-Wednesday extreme again about four times in ten, and the week's open was reached about two times in three. Label the week after Friday's close.
What is the difference between an intraweek reversal and a midweek reversal?
A midweek reversal makes the wick of the week on Wednesday. An intraweek reversal is a turn inside the week at a higher low or a lower high, so it is not the wick.
How often does a consolidation reversal happen?
Rarely by our rule: about one week in forty completed it in 731 NQ weeks, even though Tuesday and Wednesday closed inside Monday's range about one week in four.
Are weekly profiles trade signals?
No. They are templates for describing the week. This page does not give trade signals.
Sources
- Concept: weekly profiles, including the consolidation reversal, intraweek reversal, Thursday counter and TGIF, as taught by ICT (The Inner Circle Trader, Michael J. Huddleston), who originated them. The rules, examples and charts on this page are our own.
- Data: every chart and the 731-week count are real historical CME Nasdaq-100 E-mini (NQ) futures data, shown in New York time.
- Video: ICT Weekly Profiles: Consolidation Reversal, Thursday Counter and TGIF Explained (Real NQ Data), FundedEnigma.
Last verified: 2026-10-31. Written by Steve H.
Disclaimer: This page is for education only and is not financial advice. Trading futures involves substantial risk of loss. Past price behaviour does not guarantee future results.
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