I am beginning to think (by the sudden silence) that we are missing something here. I do observe a very large lateral Formation (built from the 10:10 ET bar). Edited to correct the bar time. Again
Perhaps we are dismissing the fact that all of the bars we are discussing took place inside the 10:10 bar aka lateral movement??? EDIT: jinx ehorn! I think you had it right the first time, I am trying to line up numbers w/ different time zones and it is late HEHE
I would agree....and when does price BO of that lateral with two consecutive bars of increasing volume?
Alright so lets go with the lateral hypothesis, that no signal for change can take place inside the lateral on our fractal. We have a down traverse, followed by lateral movement, which takes us to the BO around 11:30ish. We want to see increasing volume after the BO bar, however we get decreasing volume. Lets go from here?
The point I am making (not sure it is accurate) is that if we are looking for a BO of the LM to complete our traverse it does not happen today and it was one big honkin' traverse (Dominant on this fractal) :eek:
Complete our traverse? We never had one did we? We have a down traverse, then lateral movement for the rest of the day
Then it seems to me that in order to respect that lateral we would need to be sure that we didn't get a signal for change on the first down traverse. I need to know, once arriving at the end of the red traverse, that the correct decision is to hold. By not respecting what the JW told us, I would have reversed and set myself up for jumping fractals the remainder of the day!