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I'm in the process of "market replay drill" and the typical issue repeated over and over is: how to differentiate point 3 of upchannel and point 3 of downchannel? The illustration is attached. It is not ES 5min, it is NQ 2min, 30 Apr. But the situation is typical regardless of the symbol or...

Do the same over and over, "market replay drill". This PV relationship is no question the most complicated and tricky concept I've ever heard. Tried to place simtrades, results are negative, but I do not give up.

I suppose “No need to do anything” means do not simtrade on the first stage but monitor and differentiate continuation VS change although I didn't "get it" by now, my obsevations are: 1. better to monitor 2 identical charts 5min ES RTH, first chart with global channels, the second with...

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.

According to OP’s permission I’m starting to post my attempts to understand PV relationship for mapping the market context. I will concentrate on 5 minute ES RTH, only price and volume, no indicators and no additional tools discussed lately in Spydertrader’s journal. 20-period SMA is of no use...

@tiddlywinks , your last chart amazed me to say at least, you've spot the failure to traverse in real time and posted the clear confirmation that it's possible. Probably you do such kind of analysis on daily basis. From the first glance the failure to traverse concept didn't make sence to me and...

tiddlywinks, you've attached tapes.pdf as explanation how to determine container for price action but nothing regarding volume in this document. how do you use volume for estimation which channel is proper one?

baro-san, 'the pattern' is head-and-shoulders pattern coupled with volume divergence of some kind?

Interesting. How do you use volume to create price geometry?