MEO Collection #115: SwingWeave + ICT PhantomTrace

Trading setups often become clearer when market structure and liquidity are evaluated together rather than in isolation.

This collection combines SwingWeave and ICT PhantomTrace into one structured workflow for reading how price structure is developing, where liquidity is being collected, and whether the market is showing continuation or potential reversal behavior.

Read the structure. Track the liquidity. Evaluate the next move.

A broken swing point does not always mean the same thing.

Price may break a previous high as part of a healthy trend continuation – or that same move may sweep liquidity before reversing. Likewise, a structural shift can look significant on its own, but its meaning changes depending on where liquidity has been taken and which liquidity objective the market may be pursuing.

This collection approaches the market through two separate questions:

01 – What is the price structure doing?

Use SwingWeave to identify important Swing Points and determine whether structural breakouts indicate Follow Trend or Reversal behavior.

02 – What is liquidity doing behind that structure?

Use ICT PhantomTrace to evaluate liquidity collection, market structure transitions, Fair Value Gaps, and directional liquidity objectives.

Together, the two indicators provide separate but complementary views of the same price movement: structure shows what price is doing, while liquidity adds context for why that movement may matter.

Two indicators, two different roles

SwingWeave

SwingWeave provides the market-structure layer of the workflow.

Instead of requiring traders to continuously compare previous highs and lows manually, it automatically identifies relevant Swing Points, connects the evolving structure, and detects breakouts directly on the chart.

Its signals distinguish between two important structural behaviors:

• Follow Trend: Identifies Swing Point breakouts occurring in the direction of structural continuation.
• Reversal: Identifies structural changes that may indicate the market is beginning to shift direction.

SwingWeave also provides two methods for identifying Swing Points:

• Price-based Swing detection reacts more quickly to price movement, making structural changes visible earlier but potentially capturing more market noise.
• Moving Average-based Swing detection applies additional filtering to the structure, producing more selective Swing Points and breakout signals at the cost of additional confirmation time.

This flexibility allows traders to adapt structural analysis to different strategies, instruments, and trading styles.

Role in the collection: Market Structure

ICT PhantomTrace

ICT PhantomTrace provides the liquidity layer of the workflow.

Rather than treating ICT concepts as isolated events, it connects liquidity behavior into two structured frameworks: Liquidity Transition and Liquidity Continuation.

For potential transitions, ICT PhantomTrace tracks the sequence from:

Stop Run → Market Structure Shift → Fair Value Gap → FVG Retracement → Reaction

This helps traders evaluate whether liquidity collection is developing into a broader change in order flow.

For continuation scenarios, the indicator tracks:

PDH / PDL → Liquidity Bias → BOS → Fair Value Gap → Reaction

This provides additional context for determining which side of liquidity the market may currently be seeking and whether continuation signals align with that objective.

Role in the collection: Liquidity Context

How the two tools work together

The collection is designed around a simple sequence:

01 Market Structure
SwingWeave
↓
02 Liquidity Context
ICT PhantomTrace

SwingWeave first makes the evolving price structure visible: where meaningful swings are forming, which Swing Point has been broken, and whether the structural event is classified as Follow Trend or Reversal.

ICT PhantomTrace then adds another layer of context by showing whether liquidity has been collected, whether order flow is transitioning, and which larger liquidity objective may be active.

Instead of asking one signal to explain the entire market, traders can evaluate structure and liquidity as two separate layers of evidence.

Example workflow: structural continuation

1. Identify the current Swing structure

Use SwingWeave to visualize the sequence of relevant highs and lows and establish how the current market structure is developing.

2. Detect a Follow Trend breakout

SwingWeave identifies when price breaks a Swing Point in the direction of structural continuation.

3. Check the liquidity objective

Use ICT PhantomTrace to determine whether Buy-Side or Sell-Side liquidity is currently favored and monitor relevant PDH / PDL objectives.

4. Evaluate the continuation framework

Look for BOS, Fair Value Gap, and price reaction conditions that support the active liquidity direction.

5. Evaluate the complete setup

Consider structure, liquidity location, volatility, support/resistance, and risk before making a trading decision.

Example workflow: potential structural reversal

The same collection can be used when the market begins showing signs that the existing structure may be changing.

1. Watch liquidity being taken

ICT PhantomTrace identifies a Stop Run where liquidity has been collected around an important area.

2. Monitor the structural response

SwingWeave shows how price behaves relative to existing Swing Points and whether an opposing structural breakout begins to develop.

3. Look for a Reversal signal

A SwingWeave Reversal signal provides evidence that the previous structural sequence may be changing.

4. Evaluate the liquidity transition

ICT PhantomTrace tracks MSS, Fair Value Gap formation, retracement, and subsequent reaction to determine whether the liquidity event is developing into a broader transition.

5. Evaluate the complete setup

Use both structural and liquidity evidence together rather than treating either event as sufficient on its own.

See market structure from two perspectives

A Swing Point tells you where price has established an important structural reference.

A breakout tells you that this reference has been violated.

But neither automatically explains why the breakout occurred or what liquidity objective may sit behind the move.

SwingWeave gives traders a structured view of highs, lows, breakouts, continuation, and reversal.

ICT PhantomTrace adds the liquidity framework behind those movements through Stop Runs, MSS, FVGs, PDH/PDL, and directional liquidity bias.

Together, they create a workflow built around two complementary questions:

What is the price structure doing? 
SwingWeave

Where is liquidity moving?
ICT PhantomTrace

Instead of reacting to every breakout or ICT event independently, traders can evaluate how market structure and liquidity behavior interact before making the next decision.