Iterative Refinement

I am just 1m late but the answer can be found right on the original '7 cases'

 

Under what conditions do you NOT expect an x2x to complete?

 

Don't we have to fan when price exits the traverse on decreasing Volume? (price exits your first down traverse on decreasing volume)

--
innersky

 

Thanks for the posts Ezzy, I tried to find those using Search.

I don't think so nkhoi. In both cases (OB and third inside bar) start over from bar 2.
Nothing more complicated than that.

I think Ezzy's posts above clarify Jack's intent.

 

I hope all can immediately identify the fallacy of this statement in both theory and objective fact.

 

:eek:

 

es5m

 

second view

 

Nice trading today. I especially liked the entry at 11:15

 

Wanted to address your points 1,2 and 3 question. Many times on the initial 2 bar tape there isn't a 1,2,3 movement, just using the bar ends. This doesn't happen only with internals, it can happen on a trending pair too. The OB is considered an internal as well, see the document referenced in the attached for more on that. Hope that helps. - EZ