In this concrete example, Pt1-2-3 seems to be a valid container still. If price "Pt3" were to violate Pt1 with BM Rev, you probably have "something else" to the left. When annotating many bars, you get to see what fits best. Context on same fractal I think is more important than faster TF, though you'll perhaps gain clarity on faster TF as well. Certainly, you'll be provided more bars for the same period. If trading the diagram, which side (black vs red) seems dominant?
Page 85 from "Channels For Building Wealth v2.2" by John T. Hershey (Jack). Widely available in several threads. NOTE WELL: No mention of FTT. Compare to a complete volume sequence R2R2B2R or B2B2R2B, which does include a completion, widely referred to as FTT. B2B 2R (or R2R 2B) pt1 -> pt2 -> pt3 define a container. Page 99 from "Channels For Building Wealth v2.2" by John T. Hershey (Jack). Widely available in several threads. HTH
Thank you very very much @Sprout for your comments. It's helping me a lot. Huge thanks It's the only sentence that creates dissonance to me. As I understand it, you say let's consider that on pt2 of any trend, the volume is increasing. Until here ok, and even : how can it not be so ? Then , of that trend direction. That confuses me. What do you mean? You mean consider that on pt2 of the trend, volume is increasing in same direction of the trend ? I don' t even understand my own last sentence :/ Can you clarify please ?
That is an absolute pleasure and a very nice surprise to see you back, a huge thank you for your new contribution. Highly appreciated, it will help me for sure.
As per tiddywinks post, a pt2 by definition is outside the previous opposite trend's RTL. It's not so when a trend has inaccurate trendlines defining it. So for example as Simples pointed out if you are getting a pt2 on decreasing volume, most likely you are in a larger trend container defined to the left of your window. Until it breaks the RTL of this larger container on increasing volume the operating point has not changed and the ftt that one has identified will have an FBO respecting the larger RTL, thus fanning the larger container. When it does XO this RTL on increasing volume then the operating point has changed and one is on the way to a pt2 of a newer channel. By this happening on increasing volume the new channel will go through a VE as the channel expands by the Dominant traverse going to pt2 of the newer channel. This traverse is a smaller fractal container that accelerates a new RTL of the new operating point. This smaller fractal container will have it's own ftt. If price XO this RTL with a BO turning into a FBO on increasing volume that is the same as the Dominant traverse then a pt3 of a larger container has been defined. If this happens on increasing volume opposite the Dominant traverse, then a new operating point is presenting.
As I see that you revisit some fundamental concepts, beside mentioning "trends overlap", and "jokari window", I attached three meaningful pictures. Also, volume bar coloring based on Jack's cases helps gaussian drawing.
of that trend direction = new trend belonging to the pt2, which ideally happen on increasing volume and BO previous opposite trend
the spontaneous idea that surged in my mind today as i'm walking out and thinking about the stuff but not working concretely on it (with PC, charts, pencils, rules etc) is to debunk logically the last assertion in bold, and therefore see if it's always true, sometimes true or always false : - we got a B2B, 2R (container is created, THANK YOU @tiddlywinks ! ), 2B, and now volume begins to decrease, price shows IBGS (if I'm ok with that @Simples ) on a XB as last price case appeared. Next bar volume decreases one more time, price shows XR. Next bar, same as prior. Next bar, volume passes from non-Dom to Dom and supports a short tape appearing with 1 bar of the last long tape (IGBS one) and the next two XR created in a row. The assertion is : - Something crucial (ftt) resides inside the LEVEL that Volume will reach as he passes from non-Dom to Dom inside a same container. It is to be compared to something before.