My eyesight failed me again. Missed 1115 closing inside the pennant (I think I should start drawing laterals again )- all red incr volume bars are non-dom. Definitely weren't done, when I though we were done.
Chart so far today.....still heading down inside the big carryover channel from yesterday. I saw three traverses that turned into a pt 3 down channel within the superchannel. Then the RTL of that channel was broken on IBV at 12:55. I left out alot of (vocabulary word) annotations so the chart would not look so cluttered. Comments appreciated.......
I cheat and allow myself pennants. We're real close to that channel LTL and I wonder what's they gonna do. lj
Feel free to head down any path you choose. However, I encourage you to understand the reasons why I suggested the lateral prohibition in the first place. Perhaps, an extremely helpful (and enlightening) lesson resides there. - Spydertrader
Seems like I keep seeing the localized flashes of big picture which suggest why or why not the particular trend run it's course - like none of the 1400 and 1430 being 'real' Point 2 down. But the integrated view of the big picture with all the data from which one can derive a sufficient data set escapes me.
That is because what you believe you see, does not yet exist at the time you believe you see it. - Spydertrader