It's easier than you think. You know how to annotate TL's. When a TL established by a T1 is XO'd, you have a BO of the T1. Failsafes are assigned a P1 on that bar. P1's start a new context and all that came before the P1 is in the past. This past has can inform and influence the future coming into the present by the degree that it has accelerated, fanned, expanded or exhausted the Dominant trend in the NOW. Here is a classic single golden post where Jack describes "Trading is Building."
Sprout on BO T1 it has been my understanding that a bar must close beyond the rtl. A penetration of the rtl is only an FBO. Did you find evidence to the contrary?
It depends on how the bar formed. On high volatility events, multiple BM’s and BO,T1’s can occur within a bar even though the artifact log only one on a bar of the higher timescale. BM’s and RTL’s intersect at pt3’s and new pt3’s. New pt3’s are fbo’s of non-Dom traverses attempting to shift into Dominance. Pt2 of a newly forming traverse signaling change in Dominance is always outside the previous RTL, unless this previous channel is accelerating and expanding. One looks at complete datasets. The price case, the sentiment of the bar, where the trend is in the OOE, WCB and what is happening NOW all inform and influence WMCN. A tick makes a difference in degapping, whether a price case is one form or another and whether a bar closed in/out/on the RTL. At the moment the bar presented at it’s extreme intrabar, and XO’d the currently established price geometry, it triggers a BO, T1. The current close was in fact outside the RTL. However this can change depending on the time remaining before EOB. Hence the concept of ‘Lock-in’. Lock-in occurs when the shadow of PRV and a bar’s actual volume are equal prior to EOB. If volume did not support the move, and reversed intrabar, a temp BM is set, the RTL is fanned and MADA continues. Whether this BM is used for an upcoming BM,rev depends on whether an EE is ID’d when the BM was placed. BO, T1’s occur frequently in pairs linking three trend segments together. Identifying correct turns and trend types at n-1 filter which to hold through and which to reverse on by giving a heads up at the possible n events occurring as the future crystallizes into the present. The index card drill supports assembling trend segments into trends and what’s required to link various EE’s together.
I should have said, a BO T1 that would trigger a failsafe trade must close outside of the rtl. Are we on the same page in this regard? I have never trusted the PRV as volume is not uniform during the evolution of the bar. If I use it at all, I will only use it in fixed time increments calculated by hand. For example, if a b.1 had a total volume of 10k, b.0 must exceed 2k in volume per minute to maintain pace after the first minute. If I need finer resolution than that, I will simply use half the trading time frame to do MADA. Your explanation was quite detailed however, and shows that you definitely know that you know.
Even though PRV does do as you describe, that's a lot of hand calculations. Placing horizontal pace lines on the volume pane support visual calibration. I use static lines for easier visual cueing for day-to-day degapping, one could tailor them to be more dynamic and reflective of current volatility. As for the BO,T1 triggering a failsafe trade, it depends on one's current position in the OOE and what turn and trend type are ID'd at the n (b.0) event. Some BO,T1's are reversals, others are hold throughs, context changes in the nested fractals and is always considered. Jack on failsafes. Jack's band explanation to doaks. As I work on iterative refinement, here are some artifacts that supported my own expansion of differentiation into turns and trend types sourced by Bands and the Modrian table. Rework of Bands, zones and placements of EE's. Rework of Modrian Table per periodic table concept. The above are works in progress, do your DD before utilizing them.
@Sprout, I took the trouble to proof your EE table and it is very good. Too bad Jack is not here to see the work. This will be a big time saver. May I ask what you are working through since you have such a firm knowledge of the information?