For SC0....this pic shows P,V and Time relationship. The basic principle of the market is Asymmetric...and Horizontal...(RTL>>>LTL) orientation...
question about fanning out. Let's say we have a down channel, and it gets broken by decreasing black, so we have to fan out. But what do we do when the next bar is increasing black? Fan further out? -- thanks, innersky
This is Retrace>>>Reversal B2B ...You have Point1 in place and WMCN is Point2 after Point2..... WMCN is Point 3 ....And the answer is that you have to stop fanning after B2B
Thank you for an excellent depiction of the time and volume relationship which can often be seen in a single bar. When price is going in the dominant direction, volume increases towards the end of the bar. However when going in the non-dominant direction the volume decreases towards the end of the bar. This behavior can also be seen with respect to the close of the bar. Dominant bars often close at the top of the bar (or bottom in the case of a short), while non-dominant bars can often close at the mid-point or lower part of the bar, simply because volume was not present to keep pushing the price. Again, great illustration.
Are we in an up traverse now and did you have a sign of change after the 2nd dominant down traverse? If so the dn channel rtl bo is where you begin to find pt2 of up traverse. The dn channel should be done. JMHO
It always amazes me how someone (me) can look at something and not see what someone else sees very clearly. Would you say WG and Mr. B., that this phenomenon of volume being 'pushed' upwards near the end of the bar as price moves in a dominant upward direction and being 'pulled' backwards near the end of the bar as price moves downward in a nondominant direction, is something that occurs very frequently? It would seem that this being so, PRV would be the place where one could see it very clearly. It is also neat that looking at volume this way allows one to better understand the position of the closes. Very illuminating and thank you both. Oh, BTW, Mr. B. what are "SKO" and "SCO"? lj