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OHLC OLHC Power of 3 Watermark
OHLC OLHC Power of 3 Watermark
What is Power of 3?
Power of 3 is a concept taught by ICT that relates to the daily open, high, low, close bar
on a daily chart. The concept aims to help traders understand the accumulation,
manipulation, and distribution phases, which can be applied to daily, weekly and
monthly ranges, as well as sessions.
1. Accumulation/Consolidation
2. Manipulation/Reversal
3. Distribution/Expansion
Things to note:
1. Open high low close [OHLC] & Open low high close [OLHC]
OHLC/OLHC - Power of 3 1
OLHC
OHLC/OLHC - Power of 3 2
OHLC
OHLC/OLHC - Power of 3 3