I can see what it seems like I was implying in my post, but I must respectfully disagree. The power of three absolutely is a candlestick representation of the market trends tenet of Dow theory. The reason for my initial comments was because for some folks connecting Po3 to Dow helps it to make more sense sense, while for others understanding that one buys when the market is below the open, and to sell when the market is above the open. They are the same concept. My post though is more about learning and the fact that we all learn things differently. Many people are able to grasp concepts on a micro basis, but some of us grasp things more easily when we see the relation of one thing to another. ICT alluded to this in one of the last videos.sqa said:1) That's not the Power of 3. For as simple of a concept it actually is, people (myself included) really do botch up the understanding really easily.
Power of 3: If you're expecting an Up Day, look to Buy below the Open. If expecting a Down Day, Sell above the Open. That's all it is.
2) Power of 3 isn't Dow Theory. SMT Divergence is "closer" to Dow Theory, but it generally operates on a much lower time-frame.
3) A lot of technical tools look "great" when we're on a Primary Trend in the USDX.