Iterative Refinement

Not according to my chart. As to what your chart might say, I do not know, as I have not seen it.

Because the market did not yet arrive at Point Two.

- Spydertrader

 

... do you have a ... for instance?

 

Thank you.

My data also shows Gaussian slope acceleration on 10:35 bar - so it must be Peak Volume then and a signal for change in brown down traverse, which at 10:35 appears to have all components necessary for 5 min ES level Traverse ( it even shares the same point 2 with the pink 5 min ES level traverse and 10:35 bar appears to be return to dominance).

As to the reasons why by 11:05 the brown down traverse is 'downgraded' to the faster fractal traverse - I think because we don't get increasing black necessary for B2B and point 2 up but instead 11:05 bar is IRV.

I can't find a flaw in the logic above especially seeing as that both 11:05 and 11:20 IRV are brown RTL breaks and as such are annotated in a fashion that does not hold the same meaning that I have attributed to them.

 

Not even close. The market has indicated well before 11:05 what must come next, and it did.

(All times Eastern and [close of] ES bar.)

- Spydertrader

 

Damn! I need a new pair of eyes.

The rising R of R2R ends at 10:40 bar. The answer definitely lies in correctly annotated chart.

The 10:15 bar marked with pink point 2 is non-dominant. I have to test this hypothesis now to make sure this observation holds any significance.

Thank you for the patience.

 

Yes, I do, but I hesitate to post them, since those are for Dax and I have only a proxy for volume (volatility) on.

 

To me it looks like pt1 to pt2 is a completed channel (at least, I see everything a channel should have), what am I missing here?
Is there something missing to call this a channel?

--
innersky

 

If you could post an annotated chart (your P/V annotations as you observe(d) them) of this area it may aid the discussion and discovery.

 

... post it as you have it

 

The market 'fanned' out on the way down, so it had to do the same on the way up.

Also, if one thought that 11:30 to 12:10 was a 5 min ES level traverse - where would one put B2B (specifically the rising 2nd B of B2B) under that assumption? Which is another way of saying what ehorn already said to you.

In other words, it seems that correctly annotated chart does hold all the answers. I consider it somewhat freaky