Ok, however, what is our traverse level change signal here? An ftt, if Im not mistaken, needs to be either Jokari Window Change, Pennant FBO, or Peak Volume. Looks like jokari to me, price makes lower low on decreasing volume, turns into an OB. I am making some assumptions here and hope to be corrected if out of line.
Review what the Jokari window says. Are you sure a signal for change exists? Again, on this fractal. - Spydertrader
I observe 10:35 ET bar close at TL of existing traverse. 10:40 ET bar open outside the dom traverse and shows IBV (JW Change). Change signal on the traverse level
Ok.. Definite possibility of a fractal jump here. I assumed there was a signal for change, simply because price is no longer going down. The only other possibilty I can think of is that there is in fact no signal for change on traverse level, that a fan is in order. However, there does seem to be a clear ftt, and if not jokari, I dont see it matching the other 2 possibilities that have been discussed
hmmmm....the more I look at this chart it seems the market was telling us to keep fanning our traverse. Perhaps there was no signal for change today. Hold short all day? Or maybe I'm just suffering "tape-traverse exhaustion"!