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When context changes WMCN changes. So the answer is yes. regards, Ivo

It is clear. Sounds stupid but I simply missed the increasing black. It is stupid. I feel ashamed. regards, Ivo

I admit: I missed this.... Incredible. The only time increasing black is not trend change are the three situations discussed and this is not one of them. Thank you. Okay, so had it been 5000 contracts less then you would have expected the point 3 down? regards, Ivo

15:45? I see decreasing black like you would expect after BO and before a point 3 down. Sure, I see change but as I hold point 1->2 and wait for point 3 there was no reason to exit.... YM showed decreasing volume all the time while going up since the IBGS. When the ES 15:45 was taken out...

Now here's something that puzzles me. We have: - pennant breakout on increasing volume - breakout of the lateral formation on increasing volume - more increasing volume on the next bar (15:35) - Breakout of RTL on increasing red volume.... Sure we get change inside the 15:40 bar but...

Chart so far. regards, Ivo

10 pip trade. Eurodollar futures. Price failed to continue on increasing red after breakout of the lateral. regards, Ivo

Hello, In my opinion different channels can be drawn during this period, checkout image. First a down channel and then an upchannel, all within the lateral movement. I don't know exactly what channel you are refering to. Do you mean 14:25 bar when you mention 14:20? regards, Ivo p.s...

The bar closes inside the previous bar forming a lateral formation FBO. regards, Ivo

Here it is again. I completely understand Spyder's point. Lateral formation was broken (not annotated). However, next bar (14:30) did not show more increasing red. By the way, look at the last FTT of today. It's the same thing. 15:30 break of lateral on increasing red. WMCN is more...

Okay I see what you mean. After this BO of the lateral formation we need more increasing red the next bar. That didn't happen. One should be out by the close of 14:30 bar. thanks, Ivo

Yes, but a 2.5 point loss would be very possible there. Also 14:25 was a FBO (not drawn in my example) of another upchannel. However that was kind of hard to see because 14:20 BO'ed and at 14:25 price was crawling back in the channel again.. Looked like price was riding RTL indicating a pt3...

I don't really understand your answer. I am sorry about this. Are you saing price "had to" go up again at 14:30 because else it would have been rocket up followed by rocket down? Now here is how I viewed this situation at that moment. 14:20: FTT near RTL. WMCN is increasing red in the...

Another tricky bar. Wouldn't we normally expect a point 3 after this? regards, Ivo

Caught this nice move. Entered at 1419. Reasons to enter 1. price reacted strongly to ma20 2. pennant FBO inside lateral movement. One minute later YM made FTT. Holding after that was easy. 1. clear breakout on 3 times previous volume (pace change to fast) 2. next bar increasing...

Well, you can certainly have a traverse on increasing red and a breakout and 1-2-3 and increasing black after that. The traverses make the forrest just like the tapes make the traverses. However I completely understand your point. In my case I widened my original channel. (you could also say...

Chart so far. Current situation: seems we just had the mother of all changes. regards, Ivo edit: last blue circle should be red.

Chart for this morning. Most stuff was really crystal clear. Current situation is we had an important FTT + BO on increasing red and are waiting for a point 3 down now. regards, Ivo

You missed 5 downchannels... regards, Ivo

"Increasing volume is required for price to keep on moving up or down." regards, Ivo