Today we’re looking at the PO3:
A Power of 3 is the Open High Low Close or the Open Low High Close of a candle.
Most of the time when we have these types of candle’s London session or London Killzone Creates the Low of the day and then expand higher during London And have a New York Retracement into a continuation, And then with a Bullish Reversal we have a longer wick on the bottom can be Price taking out Sellside Liquidity Run From a Higher Timeframe Does having a Reversal and then expanding up higher and closing at the end of the day.
Bearish Candle And Bearish Reversal:
A Bearish Candle is A Open high Low Close, Just like Bullish candles the High of the Day can be Created during London session Most of the time Expanding and having a New York continuation To close out the Day Bearish, With a Bearish Reversal Candle we can see We have a Longer wick on the top, This longer wick can be a Buyside Rate Or we can hit a Higher Timeframe Premium Array Like a Higher Timeframe Fair value Gap or Orderblock.
The Indecisional Candle:
This Candle has no idea of where it wanna go Leaving a Rel Eq Top wick and a Rel Eq Lower wick
Here we have a British Pound/U.S. Dollar * 1D Chart:
