Comments within quoted text. @Simples, would you post your degapped QQQ's chart? I'm curious what the call will be for tomorrow from the rogue application of RDBMS.
Zoom In. Basically, I see it as #1 main black channel with nested channel #2 which itself has nested channel #3. Today is IB which formed two bar Horizontal Blue Channel (i.e. some type of Formation [SYM perhaps] in JHM terms).
DG QQQ for today. Latest development short tape on DU but still some black undertones in the lateral.
I have revised my analysis of the rogue QQQ Daily (not degapped). I have also included 2 levels of guassians, with a warning.... I do not think the solid line gaussian is a tape. Additionally the solid gaussians do fit properly within the dotted. That's an annoyance, but not a killer. There are many unseens in a daily bar. The fact is, this chart is loaded with 2-bar sequences and maybe even a few 1-bar sequences. IOW, the visibles are fractal jumpers!! Frankly, I don't know what "level" the solid gaussians are. That said, the dotted TLs and dotted gaussians are ringing true for me. Some sort of forest level container (for lack of a better term). Let's not forget, there is some reason Daily bars were not part of Jacks or Spyders curriculum for trading futures. We just don't know what it is that makes it rogue. The expected breakout area from the previous red container never occurred. There was not and has not been a valid BO of the "old" red container. Yet, price has moved in a non-dom manner, outside of what was suspected to be a down-sloped dom-container. The Dotted TLs and gaussians ring true for me. We don't have a confirmed pt3 in this new analysis. The light blue line in the price pane is arbitrary... Perhaps it's a vaild BM, Im not sure. it was the high of what was thought to be an fbo of the "old" down-sloped dom-container. Right now, the dotted RTL is "tracking", expecting a pt3 to be made. What must volume do to confirm or strongly suggest a point 3? Fwiw, point 3 is followed by sequence completion, and all can occur in a single bar!! Remember, these are daily bars. Moves, up or down, can be large and still be completely contained. Additionally we are in VDU... volume is barely perceptible on the tradingview daily. PRV should be very useful and used frequently through the coming days as a "leading" tool.
bar108 XB, Ab EE, BM long, P1 assigned bar109 Sym, wait, fan of RTL bar110 XR, BO,T1, P1 assigned, BM short bar111 XR, T1, Acc tape even though earnings are here and it looks like a BO long, bar112 anticipate short, caveat, if this bar sets a HL then reverses and breaks and closes above bar111 high on increasing volume, reverse short to long. Increasing price on decreasing volume not closing above bar110 high's RTL, hold short. An OB is in the cards this week, earlier than later. Let's see what tomorrow brings.
While I respect the academics...what specific trade did you execute ? It would be great if you followed through with a a trade from your charts. Thanks. I have my theory and vehicle but with out execution it is....just....theory. @Sprout I have actually implemented concepts see from your exec. It would be great to see how you execute'. Actually trade/vehicle. Thanks.
Many thanks to thread participants for provided help. Personal thanks to @stepan7 for excellent summary. Will study and re-review charts and be back asap with more clear and (I hope) more correct annotation with all gaussians, etc.
TradingView Volume is not usable. Annotating non-futures instruments, daily or not, is in your hands.
I appreciate the request. If you want live calls this thread is more aligned with your desire. It's a bit of a dilemma - folks whom share their trades but not their method or others whom share their method but not their trades. I've witnessed countless threads that get derailed from folks who want 'proof'. From my pov, it shifts the focus and attracts unwanted attention. I'm not a guru, do not claim to be, nor desire any followers, nor charge any money. I'm just an ordinary guy, who got to work with diligent purposeful learning to create a spectrum of differentiation in my mind. I'm willing to share just as countless others before me have with those willing to do the work. It's changed my life. Doing the work is the only way to give yourself true 'proof'. Maybe some others might be more comfortable with sharing their trades and p&l and grant your request. In life, giving what you want is a good start. I suppose in some minds, this is a child's playground of theory. That's perfect in so many ways - Jack always mentioned 5th graders with crayon can learn quickly what others dismiss.