thanks but nope, i saw what you pointed out, causing the reversal back to the right side at 1425. I do not track return to dominance but from my understanding of it. 1435 would have been a return to dominance and 1440 would appear to be jw change. however if one waited for the tape break they would have been rewarded. I'm only trying to find the differences that exist on 5 min es that would make me think I do not have completion and change in that area. most likely the fact we just had another b2b, 1430-1435 would cause one to see we need to go around again.
My take at Friday1440 bar's close: Is the traverse sequence complete? The previous bar returned to Up dominance after a very weak Down non-dominant (strong Up sentiment), and the last price high was just taken by the current bar (an increasing volume spike bar). No flaw or VE after pt3; B2B's in progress; no second wave of increasing volume to complete the traverse. So the answer seems to be: not yet. If the sequence were complete, would there be a signal of change? The price just moved in the dominant direction on increasing volume (one level of jokari window that yields continuation). There are signals of slowing down: spike bar, accelerated volume (at ~20k) on slightly decreased price volatility (but not a short bar), the bar closed bellow the previous bar's high, but above its open (no IF1): the bar's mode is Down (jw change), but there's no ibgs (jw continuation).
That was very lucid. I wonder if the additional fact that we had just seen an r2r 'that went nowhere' (1415 bar) which broke what turned out to be a fftraverse RTL, might also have been of consequence? lj
Very nice romanus. I wonder if the crooks that run this shell game have a playbook with a finite number of entries. lj
Price/Volume relationship (courtesy of Jack Hershey/ Spydertrader) is like gravity - there's no escaping it. Markets haven't changed since the days of 'Day-Trading' Rice 1400 years ago.