I am going to take a wild guess and hypothesize that anybody who wanted to be long today based on 5 min ES level fractal would have to wait for the completion of the down channel sequence. It is the only logical explanation I can see for the fact that Peak Volume on 1425 bar did not start an up traverse.
Thanks for posting sscott. IMO, bag the down traverse beginning at 11:10, at the least it has its P2 inside your up traverse. Then reassess the up traverse. I'm still extracting the Gaussian essence and won't be posting till I have something worth shredding. lj
Hey romanus. Maybe that 13:50 bar had something to do with it. FWIW I still (15:55 EST) don't see a P3 confirmation. lj Edit: The reason I did not see a P3 confirmed was because the IRV BO from the symP (15:15-15:20) was not followed up with more IRV.
I find it helps me to have a big picture view that I can pull up during the day to see where price is going (and where it's been).
I think you are absolutely correct. Tapes don't lie. Lift the blue fog of the lateral and see what's inside. B2B tape followed by...