You have trend overlap on Points Two and Points Three. Trends overlap on Point One. ..... As a result, you'd violate a basic tenet of the market.
http://www.elitetrader.com/vb/showthread.php?s=&postid=2038716#post2038716 bar 14 - spike, marked with blue ftt Dom or non-dom? Can't be non-dom imo.
... you may be right ... that my assumption was wrong (I used "presumption" because that was the word used by romanus ...) ... the bar in this drill seems closer to the red bar's context than to the black bar's context: the black spike is at the end of a dominant move, it is a short bar, and the last bar of the day; the red spike follows a volume sequence that is closer to that in the drill ... also, cool down, b/c your quest to put me down is ridiculous, and just confirms my opinion
... not that good at dom / non-dom ... but if it were dom, that lateral movement didn't make sense (?) ...
Put you down? Nah nothing could be further from the truth. Just trying to get others to read the whole answer.
Can you elaborate? Not sure what you are getting at, trendlines appear to be spot on -- save any geometrical discrepancy due to Paint...
Final thought for the day on tapes and laterals: 10:50 isn't Change (Price closes in a Lateral) Hint: pay attention to the orange tapes