A Bullish ICT Mitigation Block is a concept from Inner Circle Trader (ICT) methodology. It forms at the end of a bearish trend when the price reaches a strong bullish institutional reference point, such as a bullish order block or breaker block.
Formation: It occurs when the price fails to create a lower low in a bearish trend and instead reverses to shift the market structure to the bullish side.
Identification: Look for a price level where the market attempted to break lower but was halted by significant buying pressure.
Trading Implications: This area can serve as a strong demand level, from which the price can rally further stronger because of short traders exit and long traders enter at the same area.