Candle Science π§΅
"candle science is an art of predicting next candle based on price action of current candle "
credits - @arjoio
"candle science is an art of predicting next candle based on price action of current candle "
credits - @arjoio
Focus on one time frame (context) , one candle then react based on the candle close
when you have clear context β narrative and draw on liquidity .
when you have clear context β narrative and draw on liquidity .
If price respects the narrative we expect price to continue towards DOL
If price disrespects the narrative then we expect price to seek opposing liquidity
what is respect and disrespect candle in candle science
rejection candle aka respect candle
rejection candles are candle with rejection wicks away from pd array
disrespect candle β disrespect candle are candles with close inside of pd array
rejection candle aka respect candle
rejection candles are candle with rejection wicks away from pd array
disrespect candle β disrespect candle are candles with close inside of pd array
why wicks indicates respect
wicks are Stβs in lower time frame β FVGβs in and FVGs out
wicks are Stβs in lower time frame β FVGβs in and FVGs out
a fair value gap/FVA disrespected, this means we are seeking opposing liquidity in LTF order flow , this change in order flow confirms the respect of Pd array in HTF
exception of low close candles
but when price closes inside with very small wick with-out any rejection we need to wait ,
that low will become our new pd array . we can sweep that pd array and expect higher price
if we get another candle that's closed below that low close candle then we can look for seeking opposing liquidity
but when price closes inside with very small wick with-out any rejection we need to wait ,
that low will become our new pd array . we can sweep that pd array and expect higher price
if we get another candle that's closed below that low close candle then we can look for seeking opposing liquidity
Treat sweep as any other pd array and position your self in
Source - 'youtube.com'
For more daily trading analysis and content,
Follow me at - @Hopefx7
Team- @TradingMMT
Mentor- @arjoio
#MMT #MMC
For more daily trading analysis and content,
Follow me at - @Hopefx7
Team- @TradingMMT
Mentor- @arjoio
#MMT #MMC
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