That's good. Next is the logic for converting C-turns to B-turns. Having this distinction will support defining the 4 trend types.
Yes, a new pt3 short on the OB high using bar99 high as recycled pt1. This is advancing an accelerated trend segment. It serves a couple of purposes 1) So that the pt1 can fan until the RTL of the larger Dominant channel short (bar89, bar96) is approached. 2) This OB's high pt3 can be recycled into a pt1 if Dominant short continues. 3) Having a tighter RTL indicates change sooner when price moves opposite to XO.
Here's C-turns as stronger coloured box with black border, B-turns with less strong colour and no border.
Yes Sprout, I understand fanning. If angles are off, it's because I'm a trader, not artist. @Simples... why doesn't your chart match Daily QQQ chart on major sites such as TradingView and BarChart?
I had troubles annotating regular QQQ data. This was alleviated by degapping. Also @stepan7 kindly showed several charts where degapping made some difference. Note that degapping also comes with caveats and risks that need be dealt with, so at this stage this is mostly about the annotations at the current maturity level of granularity. Anybody wish to contribute regular charts for comparison is welcome to do so, in spirit of "flowing with stream".
From TradingView. For a daily it is surprisingly clean. Gaussians are not annotated. Again, surprisingly clean for a daily. As Hero mentioned, the little details do not make a difference for successful trading of the JH method. If this was a fast chart with volatility (length of bars) factored in, this is would be easily trade-able... to my way of doing JH anyway!
My previous post has a dissonant tone to it regarding usage of details of the JH guidelines and rules. That discordance is inaccurate. In the pieces I use, I "try" to be a purist. Let me break down some of my analysis. 1) the 4/4/18 bar is OB. That means there are 2 pieces of sequence. The OB is paired with a near doji SYM with DV, a WAIT, located in the middle of the container. The SYM is a nothing as I see it. The last OOE was an ftt, a possible pt1. This OB at the close represents P1(ftt)/T1 of the volume sequence. I also know P1/T1 is an Early End named PP4. But I do nothing with the Early End other than acknowledge an augmented potential for the current trend to end. My assumption is that my container is correct and I am following my trading fractal within. Still with the OB...Volume. The OB closed with slight IV. The IV supports P1/T1. The RTL was touched, however IV is still necessary to get a pt2. At the close tommorrow 4/5/18, we will have either i) IV with IP, an XO on the way to pt2, ii) IV with DP, a possible FBO and/or traverse, iii) DV with IP, a new pt3, iiii) DV with DP, another T1 or an internal, or iiiii) If tomorrow is OB we'll have to see it. 2) The other area on the tradingview chart I want to mention is the "top". The container did not end properly. On some level I excuse the abnormality to being a historic, uncharted, all-time high (for now). Just saying. Thanks for reading. Sorry for the mis-characterization of my work with JH stuff. As a reminder, this is analysis of the DAILY timeframe of QQQ.
So here it is... a few minutes until noon. Just about 1 hour before the close. QQQ volume is running about 33.5 million compared to yesterday of about 64 million. So at noon, it's safe to say volume is running at less than 55% of yesterday. And that is a PRV update. It's looking like DV with IP... a new pt3, or maybe (another) T1. But not an XO... for now anyway. An hour to go!