Iterative Refinement

I don't have a clue - and it drives me nuts.

 

In the absence of Change, the default is Continuation.

 

To me, it does not look like the sequence for traverse is completed and therefore I expect a second dominant traverse after lateral one. In cases where there is a channel I often notice (a) no signal for change after the sequence for the first dominant traverse is completed , or (b) the sequence for the first dominant traverse is not completed. Not too scientific , I am afraid, but it's all I got.

 

Continuation of morning chart

 

Romanus,

I have the 11:35 bar completing a down traverse (light blue) without creating a traverse level signal for change. Therefore, the subsequent price movement indicated to me we were moving into a lateral traverse which I considered essentially an "up" traverse. This "up" traverse ended on the 12:15 bar and also created a Pt1 for a new down traverse that followed.

 

There are glimpses of clarity from time to time

 

Congrats! It was a great day for breaking records

So spill the beans guys... Who broke 2K points today?

 

Chart

 

6k day here....))

 

...laterals ended or could not form due to change (one sequence ends and another begins), or IBGS on increasing volume.
- Spydertrader