I may be way off base here, apologies in advance if so.... How does the 13:05 bar mark the transition to a new color of dominance? Is it not sitting in the middle of a lateral formation? Also 13:25 bar is clearly a pennant BO, which negates that bar's ability to change dominance. My reference is Spyder's post here http://www.elitetrader.com/vb/showthread.php?s=&postid=2094603 Thanks for any insight
What was the SOC on your green pt1? Should it have been known on that bar? I did not enter long until early in the last minute of the 1405 bar @ 851.75
:eek: Apparently the sequence was completed on 14:10 [close of] but not on 13:55 [close of]. Go figure!
That 14:00 ES [close of] black bar heading higher on increasing black Volume might be a clue. 14:10 is Point Two. Unless I am mistaken, a sequence cannot complete until the market has completed a Point Three. Same reason 15:05 did'nt signal change. - Spydertrader
Thank you. I see no other choice but to attribute return to dominance to increasing red volume on 14:25 [close of] Bar, since 14:30 [close of] is obviously lateral BO.
On my chart, all three bars - 14:25, 14:30 and 14:35 (all times Eastern and [close of] ES Bar) show increasing Volume. - Spydertrader