Yes, you are correct. The annotation is misplaced (or incomplete - and/or incorrect). I chose to leave it - as it is how I observed the gaussians form in the morning. When one is seeing things incorrectly it will not be long before the market lets them know. I had perceived a CO sequence completion at 10:15 and a signal to go long. If I was still holding long at 12:15 waiting for a B2B sequence completion then I need to have my head examined. The market simply closed that off as a possibility. It may be that it was closed off sooner (11:25 and 11:35 may have been strong clues). I just was not certain what fractal the market was building at that time. But a breach of the low spoke quite clearly (We were making our way to the real PT2). Times Eastern and [close-of] bar.
Read this while examining what happened between 10:50 and 11:20. For some reason no one has posted a chart with the pertinent (short) channel annotated.
1015 pace acceleration => down (also, 1550 carry-over lateral BO => non-dominant) 1020 decreasing volume, close inside previous bar => down HOLD short
Hi romanus and JHM students Do I read the chart (06-20-09 02:14 PM, posted by romanus, without any notes) corectly? My notes are as following: 1.Pink Down Traverse (starting at 13:10,Jun 18) became a down Channel 2 Thick red Down trend line (starting at 15:20, jun 18) was the Accelerated Down Traverse of the Pink Down Traverse( starting at 13:10,Jun 18) initialy. After the Pink Down Traverse became a Down Channel, the Red Down thick Down Trend line became Accelerated Down Channel. 3. Thin orange Down Trend line ( starting at 11:10) is a Accelerated Down Traverse of the Dotted Pink ES 5 Min Down Traverse Comments, please! TIA!
Monday will tell whether or not my rendering accurately represents what's really going on. Let's be patient and wait