As Beelzebub's lawyer, you have earned the right to sit back and chortle as this noodnik thrashes about trying to find sense in the nonsense. Where sense is what the market is saying (always remembering that the market is run by the minority - the smart money) and nonsense is what is generated when I perceive what the market is saying, incorrectly. It is great fun to be getting closer to the sense. Jack has said that pace is the leading indicator and that is what is driving my current train of thought. lj
9-19 10:20 close of ?? If one were to annotate a lateral beginning with that bar - 11:50 close of on increasing black would be the first bar to close outside of that lateral and as such no pt3 yet ??
While I did not annotate in the same fashion as you describe, a reason exists which allows you to place somewhat different annotations on your chart, yet also, creates an environment where you arrive at the exact same place as I. In short, one part of your brain 'sees' it, but that part hasn't bothered to let the other parts of your brain in on the reason just yet. See attached, quick and dirty, rendering of your description above. - Spydertrader
After reviewing an earlier thread is the following correct? UPTREND Increased Black V with increased P = increase in P = Continuation Increased Black V with decreased P = decrease in P = Change Decreased Black V with increased P = decrease in P = Change Decreased Black V with decreased P = increase in P = Continuation DOWNTREND Increased Red V with increased P = increase in P = Change Increased Red V with decreased P = decrease in P = Continuation Decreased Red V with increased P = decrease in P = Continuation Decreased Red V with decreased P = increase in P = Change If not could you please inform me of the changes needed. Thanks