MMXM occurs on all timeframes from the M1 chart to the Monthly chart. I've even seen people use it on the the 15s chart but the timeframes I mainly use it for are the M5/M15/H1 charts for intraday analysis & D/W charts for HTF analysis.
I use MMXM more for intraday analysis since I'm a day trader so unless the HTF shows a clear MMXM happening I don't use it for HTF as often but in this thread I will show examples of both MMXM on LTF & HTF.
In terms of how I trade MMXM I wait for after the Smart Money Reversal (SMR) occurs because once a SMR occurs the curve switches from either sellside to buyside (MMBM) or buyside to sellside (MMSM). Once the curve switches the draw on liquidity is now the original consolidation.
The LRB/LRS is usually a fair value gap or orderblock entry (thread coming on these two topics). By the time the fourth stage of MMXM occurs there will definitely be a MSS or BOS by then and then I will look for a FVG, OB, or Breaker Block, BPR, or an inversion for my entry.
Within the fourth stage of MMXM there will typically be two price legs from the SMR to the last stage where MMXM gets completed by taking out the original consolidation.
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