Iterative Refinement

This is exactly the problem I have. The royal blue doesn't fit the definition of a traverse.

Channel / Traverse = Minimum of Three Price Bars with Point One, Point Two & Point Three located on three different Price Bars.

 

Do drills, drawing tapes, 'Chubby' Tapes, Channels / Traverses until the cows come home.

Tums, I have a feeling I am being watched by someone

 

WE are all watching you...

anxiously waiting for you to post your next exploit.

;-)

 

Review this post.

- Spydertrader

 

For all who seek the correct way of seeing the market; nothing more needs to be said

 

But doesn't it fit the definition of a Channel?

 

I can not figure out how this can be the case.

Spydertrader, thank you for the reference. But it didn't provide clarification. There must be a kind of mental block in my head.

 

Dude, in all seriousness, Tums is really being helpful and patient with you.

How about doing what he asked several times????

 

Bar 3 had a VE on low volume that indicates possible change. Bar 4 listed as FTT with most of volume going short.

You already gave the definition of a Channel. Of what can you not figure to be the case? That Channel / Traverse means Channel AND/OR Traverse?

 

It is a 'chubby tape'. For all intents and purposes, it is equivalent to a traverse except for the construction of it. Spyder annotates both traverse and chubby tape in the same manner

HTH