Yeah, I agree with your assessment. Originally, I had a lateral movement starting @11:55 to 12:30 as price hadn't yet fully closed above RTL. In retrospect, that seems wrong, as 12:15 is clearly a pt 1.
Spydertrader, would you mind commenting on 15:00 bar. I see volume doubling and think it must be PA. However, that which must come next, never did and 1505 was change. I keep seeing PA everywhere, where there's a significant volume difference - but it does not seem to be the only requirement. At least now I don't think so. Thank you.
12:20 was Dominant. The 11:05 bar was a completion of a sequence (orange TL's) but did not show a SOC. So we needed to cycle through another sequence. Initially I could not justify the IBV at 11:15, having ignored the BO of the [orange] RTL. After many reviews I finally drew in a large lateral starting at 10:50 to 11:55. This would require a full sequence to develop after the lateral ended. The 12:20 bar did not meet this criteria, thus the confusion. However, if the lateral described above did not actually exist, then the 12:20 bar was a traverse level SOC.