I was under the impression that we fan due to RTL breaks on decreasing volume. I do however remember some nuance about lateral BO that do not show more increasing volume on the following bar... cant remember specifics
On the other hand it looks like a Peak Volume prior to IBGS on decreased volume 1140 eob. To fan or not to fan, that's the question
I would imagine that the red down bar on low volume cannot be the 1st bar in the 3bar peak volume sequence (up). I could be wrong. I had it pegged as jokari window change (11:40 bar), higher high on decreasing volume after increasing volume. Not sure though..
Actually, I now that I study this chart more I am thinking that down channel has not yet been completed! (i.e. more fanning to come...see chart) P.S. Just kicking around some dialog with you folks while my daughter sits next to me and drips her popsicle all over my shorts
I believe the logic here as follows: When 1140 eob IBGS is completed there's a clear and unambiguous signal from the market that tells you whether or not you can put pt1 on that bar. Something has to do with change on traverse level. Red color denotes the concept I don't have an understanding of. Edit: Be back in 2 hrs. Family obligations.
Yea, I had considered that we were in lateral ever since the 10:10 bar. Also approaching a CO RTL from yesterday that seemed too far away to come into play today. PS If anyone uses Skype and wants to chat about this anytime, hit me up.. handle: jander20 .. Broke $2 microphone so only text
Im gonna go with 6 Traverses : pink.blue.orange.green.orange.green 1 channel : green 1 IT channel : orange OR 2 traverses : pink.purple(lateral) 1 channel : orange fractals are frying my brain
After further review, I agree. As long as we can agree about the definition of trend Can we get an authority in here?