Attempting to "fill the holes", although I'm probably missing some probable branches due to seeing the future, but doesn't matter too much if not relevant in the present. Also, not sure if it's correct to make the last green trendlines (from SYM), as it's already within a longer green channel and the new one slowing down, but I can't erase it easily either. Interestingly we start with a SYM and end with a SYM!
someone was talking about having an "Edge" in trading, somewhere but for the life of me, i just couldn't remember which thread it was. so i'll just post about the Edge and what the street and big money guys and girls were defining it, according to their territories. but do i personally believe that there exists such an EDGE in trading? the EDGE referenced to is my.... trading tools that allow me to know whence to enter and exit a trade ACCORDING TO THE VISUAL TOOLS APPEARING ON MY SCREEN, and not what someone else whispers in my ear at the depth of the night. according to the Street, EDGE is defined as.... enjoy everyone, believers and non-believers alike and particularly those sitting on the fence.... LOL here comes the EDGE.... https://www.screencast.com/t/sAxVYKXPIQ
Good work and deduction. As you can see, by the virtue of annotation, we create context. The context begins to bring sequences into view. The sequences repeat regardless of directional movement and timescale. Some of these sequences will remain relevant longer than others due to tapes, traverses and channels are always in the process of becoming. As we extend our trendlines from the present into the future, the future has guide rails for price to follow or not - Continue or Change. We can see this from bar 15 to bar 24. What form does this look like if we zoom out and look for the forest instead of the trees? Bar 25 was the dominant move from this form (on a slower fractal) with a tape on a faster fractal. With this BO, there was something that was not present for the move to be sustained. We see this missing piece on 6-Bar9. The additional channels you have defined are there, we check for their validity and relevance to the present moment by shifting our focus to volume. If you look at all the pt2's, the one's that accurately contain the price action - there is a very distinct volume element. The channel you have drawn 6-bar6 pt1 and pt3 of the next bar create a RTL that appears to be crossed on bar8. From one point of view this looks like a BO. An aggressive trader would think they are catching the next move up on a dip. This could be the case until bar9. By cultivating a neutral mindset, a trader could see that what they needed to see for continuation did not appear and in fact the market was signaling the opposite. (and had been for a week prior). Advanced experts in this period with order books to fill were taking profits and accumulating their short positions. An agile trader with a differentiated mind has a larger spectrum of distinctions by which to inform a context. Context always informs an action. Most action to make money is the action of hold BUT only in the context where this is the correct action to take with what the market is presently signaling. Another thing that comes into view is the concept of pace. What does a tape look like with increased pace from the bar before? What does a tape look like with decreased pace from the bar before? The green trendlines that you drew in the non-dominant traverse 6-Bar15 to Bar26 bring the above into view as it applies to channels. See how many L's follow the RTL to a channel where you recycle the prior channel's pt3 as your new pt1. For completeness, we can also draw a larger long channel 5-Bar1 as pt1, bar17 as pt3. With this channel drawn it brings into view the concept of support becoming resistance on 6-bar13 and bar 14. In viewing the markets from this perspective, one's edge is the very literal RTL. Falling off the edge, is what happened to the longs on 6-bar9. In our context, we work with lot's of edges. A more meaningful description is increasing our degrees of freedom. Back to the channel you drew at 6-bar6 pt1 and 6-bar7 pt3. To get an insight into next bar (bar8) requires another drill. 1) Draw a single bar with a 4 tick interval. (5 horizontal lines) 2) repeat this bar in a grid of 5 x 5. 3) Go through all the permutations that price could do by drawing an opening and closing flag. 4) Arrange in the grid to organize in some logical manner. For example, price could enter at a low and rise 1 tick and close. Price could enter at the low and rise 2 ticks and close, etc,... Post your result.
Looks like a "V", though after 25th. Lack of bullish volume? pt2's getting rising negative volume, finally dwarfing all volume on 9th Jun. Decrease of pace = more RTLs, more negative slope, and FBOs.
Sprouts It is peculiar that that you labeled the inside bar on May 18th as a FTT. The volume sequence for this move from the 15th can be best described as a R2R which predicts a brief 2B retrace then followed by a final down move that we all know as 2R. This did not occur and we are left with half a cycle or fractal. If we were trading this stock in realtime, most followers of the PV framework would have waited or held their short position on the 18th due to the inside bar. Please elaborate further. I may have missed your analysis of this particular fragment. If so, I apologize in advance.