Lurker here, taking your advice Spyder. I am still working with equities, and attempting to follow along here as well. Maybe not the best approach, as I find myself overwhelmed at times. As things become more refined, the answers given here sometimes add to my confusion about what I think I am beginning to understand. Here is where I am at in my travels. Thanks for the assignment and evaluation.
Don't see a permission to seek change yet in green up traverse. Expecting non-dom followed by another dom traverse. Strange and fascinating at the same time.
Thanks for the drill Spydertrader. My best shot. 15:50 - dominant up - incr price on incr vol 15:55 - non-dom decr vol 16:00 - dominant (now changed to down) increasing volume, no increase in price, absence of continuation equals change , JW 16:05 - non-dom (drv) 16:10 - non-dom (drv), Gaussian in "trough), look for incr vol to confirm dominance 16:15 - dom (irv and decr price confirms red dom) 9:35 - dom down (ibgs down, incr vol,) 9:40 - non-dom (incr price,but decr vol) 9:45 - non-dom (incr price, but decr vol) 9:50 - non-dom( price in lat) 9:55 - dom down (decr price, incr vol) 10:00 - non-dom (vol up, but price doesn't move, time for lateral traverse?) 10:05 - non-dom (vol up but price lateral) 10:10 - non-dom (lateral movement) 10:15 - non-dom (ibv, but in lat) 10:20 - non-dom (lateral movement) Also an observation which I find interesting. I remember a reply from Romanus to Spydertrader about what all traverses have in common - the answer - a retrace. What I see here is that the retrace annotated is actually above the original point where dominance changed to down. This was an overnight situation, but I seem to recall this in normal hours as well.
Been switching platforms and brokers and hence lurker mode. Beginning from the left hand edge of the chart snippet, I count 16 bars. D and ND refer to bar dominance on the traverse level. Bar 1 = D incrV HH/HL, LMBO Bar 2 = D decrV HH/HL, VE Bar 3 = D/D traverse sequence completed [incrV post LMBO], SFC (JW)to red D Bar 4 = D looks like ND but what about SFC? Bar 5 = D looks like ND but what about SFC? Bar 6 = D incrV LH/LL Bar 7 = D IBGS Bar 8 = ND LM Bar 9 = ND LM Bar 10 = ND LM Bar 11 = D confirm point 3, LMBO Bar 12 = D/D traverse sequence completed [incrV post LMBO], SFC (PkV) to black D Bar 13 = D OB C above prior bar L Bar 14 = D symP Bar 15 = D incrV HH/HL Bar 16 = D possible move to LM lj Edit: A moment of Doh.