How ironic that the formation or 'dip' we discussed ended up being the low of the day so far. So did it indicate a change in sentiment? Was it important? Well in hindsight everyone should agree it was. How soon one can see the sentiment change is what leads to profits... or not.
The beauty of our method is, even if we were late in recognizing the message, we could still enter at PT3. The run provided plenty of profit to whoever chooses to accept it. It is like money lying on the floor? ;-)
I draw the gaussian the way I see it: the volume's level determines its slope, the price bars' trend determines its color. Where there is a contradiction I draw what it makes sense to me. Occasionally I glance at the es 1 min. A flow would still be a change on a finer fractal, and you may chose to draw its gaussian or not.
Bingo. Price just touched the LTL of not one but two channels, and a SYM pennant occurs. The market pauses to let you gather your thoughts. We have a few possibilities: 1) the first black bar is a hitch, and price will continue downwards creating VEs 2) an LTL bounce has occurred, and we are experiencing tree-level change 3) the hitch will extend to 2-3 bars, on decreasing volume forming a dip #1 we can eliminate when the SYM pennant has a BO upwards. #3 we can eliminate when we see increasing black on the prv meter. This leaves #2. We dunno how long change will last, but change has occurred.