ICT Power 3 Concept VS Candle Rangle Theory #ict #smc #trading #forex #forextrading

The ICT Power of 3 concept and Candle Range Theory (CRT) are both trading strategies that aim to understand market movements by identifying phases of accumulation, manipulation, and distribution. The ICT Power of 3, developed by Michael J. Huddleston, focuses on these three phases to anticipate market trends and avoid common retail trader pitfalls. It emphasizes understanding institutional actions and market psychology to improve trading decisions. In contrast, Candle Range Theory is an application of the ICT Power of 3, using specific candlestick patterns to identify these phases. CRT involves analyzing candlestick ranges to predict market movements, with each candlestick representing a phase of accumulation, manipulation, or distribution. While both strategies share similar underlying principles, they also have few differences and the two can ultimately be applied together