Ditch the black. With the Pink its the bar after the Signal for change (See Previous Post). - Spydertrader
Again, an FTT represents a Vocabulary Word defined as a signal for change which develops at a specific Point in time. Focus on signals for change and quite often, you'll have reversed, finding yourself on the right side of the market, in advance of the FTT Formation. - Spydertrader
What I am getting at is, you don't have a green up channel. The change at 1400 ends the red down channel and starts an up traverse which could be the beginning of a new up channel. But what does it do? Simply fans out the down channel. Edit: In other words, we don't start a channel with a non dominant traverse.
I guess I really have to forget what I think I know. Three traverses, one of them is in the opposite direction of the other two. Something else is necessary to create a channel?
I see, what you mean. Thank you for pointing out an obvious mistake on my part. I forgot that trends do not overlap at pt2.
Spyder would I be correct in saying this means that peak volume is evident on the final of the three circled volume bars in my chart because the slope of the fluorescent green bar accelerates over the slope of the fluorescent blue bar. I can see how this is the case in confirming that the 14:00 is peak volume but mathematically I cant understand how the 12:20 IS peak volume and the 14:40 IS NOT Maybe I'm on the wrong bars. Please correct me if I am. Also I'm including the fact we need at least three bars for peak volume to occur as posted earlier int he thread.
The pace of the 12:10 bar to the 12:20 bar is 12,858 gain in volume from bar 12:10 to bar 12:15 and then 13,480 gain in volume from bar 12:15 to bar 12:20. Mathematically, this validates that the 12:20 bar did increase acceleration. But I still cant figure out why the 14:40 is not.