Candle Science will Change The Way You View Price Action
Updated: January 26, 2025
Summary
The video introduces viewers to Kendall science and discusses fair value gaps in trading. It explains the three steps of candle science: PD Rays, respect versus disrespect, and using previous swing lows. Emphasizing the importance of understanding price action, the video demonstrates how fair value gaps and candlestick patterns help in setting targets and making efficient trade decisions. Additionally, it touches upon the significance of confirmations and analyzing higher time frames for successful trading strategies.
TABLE OF CONTENTS
Introduction to Kendall Science and Fair Value Gaps
Understanding Kendall Signs Fully
The Three Steps of Candle Science
Respect versus Disrespect in Candle Science
Applying Respect and Disrespect to Trading
Understanding Price Action and Target Setting
Utilizing Fair Value Gaps for Target Setting
Confirmations and Higher Time Frame Analysis
Introduction to Kendall Science and Fair Value Gaps
Introducing people to Kendall science and the concept of fair value gaps.
Understanding Kendall Signs Fully
Diving into the origin of Kendall signs and the significance of fair value gaps.
The Three Steps of Candle Science
Explaining the three steps of candle science: PD Rays, respect versus disrespect, and using previous swing lows.
Respect versus Disrespect in Candle Science
Exploring the concepts of respect and disrespect in candle science and how they guide trading decisions.
Applying Respect and Disrespect to Trading
Detailing how respect and disrespect influence trading decisions based on PD Rays and fair value gaps.
Understanding Price Action and Target Setting
Explaining the importance of understanding price action and setting targets in trading.
Utilizing Fair Value Gaps for Target Setting
Using fair value gaps to identify targets and trade efficiently based on candlestick patterns.
Confirmations and Higher Time Frame Analysis
Discussing confirmations in trading and the significance of analyzing higher time frames for successful trades.
FAQ
Q: What is the concept of fair value gaps in candle science?
A: Fair value gaps refer to the difference between the current price of an asset and its 'fair' value, providing insights for trading decisions.
Q: What are the three steps of candle science?
A: The three steps of candle science are PD Rays, respect versus disrespect, and using previous swing lows.
Q: How do respect and disrespect play a role in candle science?
A: Respect and disrespect in candle science guide trading decisions by indicating levels where price may reverse or continue.
Q: How do PD Rays and fair value gaps influence trading decisions?
A: PD Rays and fair value gaps impact trading decisions by providing entry and exit points based on price action and value differentials.
Q: Why is it important to set targets in trading?
A: Setting targets in trading helps traders define the desired profit levels and manage risk effectively.
Q: How can fair value gaps be used to identify targets in trading?
A: Fair value gaps can be used to identify potential price targets, aiding traders in efficient trade execution based on candlestick patterns.
Q: Why are confirmations important in trading?
A: Confirmations in trading validate trading signals and reduce the likelihood of false trading decisions.
Q: How does analyzing higher time frames contribute to successful trades?
A: Analyzing higher time frames in trading provides a broader perspective on market trends and helps traders make more informed trading decisions.
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