1 Candle tells you everything
A Thread ๐งต
1 - First we look at the two candle variations. Disrespect and Respect Candles.
A Thread ๐งต
1 - First we look at the two candle variations. Disrespect and Respect Candles.
2 - Disrespect Candles on the Higher Timeframe represent a continuation movement that is happening at the same time on the Lower Timeframe.
3 - Respect Candles on the Higher Timeframe show a reversal movement on the Lower Timeframes. We often use the term "Sharp Turn" (ST) for this price movement.
4 - Once you have identified a Disrespect or Respect Candle on the Higher Timeframe we can look to find the easiest first target, this is where PXH/PXL comes in.
5 - After the target has been established we can look for PD Arrays that we can trade off of towards the target.
6 - Here we take a look at a 4 step example of this theory in action. First we start off with identifying a Weekly Candle, finding the target and then identifying a Daily PD Array to trade off of.
7 - After this we can use the 1H to trade off of the Daily FVG with an ST entry. This is a short example of how we can use this candle theory to formulate a trading idea and execute a trade.
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