First we need to recap Order Flow Legs from Episode 3.
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We now can use these Order Flow Legs to see Candle Science on the higher timeframes. We want to do this to minimize the amount of candles that we need to focus on. This will improve our trading accuracy.
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For Candle Science we have 2 types of candles. The first candle is the Disrespect Candle. Here we have the bullish version.
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Then here we have the Bearish Disrespect Candle.
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The second type of candle is the Respect Candle. Here we have the bullish version.
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Then again the Bearish Respect Candle.
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We can now use these Disrespect and Respect Candles on the higher timeframe to understand what the Order Flow on the lower timeframe looks like.
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To practice all of the concepts of the MMC Series so far we have a Case Study. Can you find the Bias with this Top Down Analysis framework?