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The volume indicated continuation down. On this bar we saw the max volume for the day so far. And there is no ftt for the tape starting from point 3 of the traverse.

Déjà-vus all over again :) Spydertrader, what information about the mode of the market did you retrieve from the second IBGS on your chart ?

And after Chinese, do they have to learn Indian? And after that African? Perhaps its time to think about the basic idea the globalization takes root in? Ricardo? The inconsistencies of this f.. theory when compared to the cognitions of political (showing much more affinity to real) economy...

Spydertrader, thanks for providing food for thought with your charts. :)

This time you left much less on the table.:D

There are only a couple of hours left.:D

Glad I could be helpful.:cool: To be honest I still have to let the cases on the posted picture and their implications sink in. This should mean, I can not answer your question,because it could lead you astray. I think the picture contains some errors and I was expecting, that someone more...

Falling woman...

Jack, thank you for the seed(S).I have a lot of work to do, in order to turn my brain on.:)

Thanks, treeline, useful observation.

Great work Mr.:cool:

This bar tried to penetrate the high of the bar holding the LTL of the royal blue traverse.

Tums, do you mean, it is much simpler?

Here is my take. I'm not sure, if I understand tapes and traverses better now, but powerpoint for sure. :)

I can not figure out how this can be the case. Spydertrader, thank you for the reference. But it didn't provide clarification. There must be a kind of mental block in my head.:confused:

This is exactly the problem I have. The royal blue doesn't fit the definition of a traverse. Channel / Traverse = Minimum of Three Price Bars with Point One, Point Two & Point Three located on three different Price Bars.

This can be the case. I'll prepare ´my work or art` for tomorrow.:)

Tums, I have to be more precise the next time. With the word annotated I meant the thickness of lines and the FTT and not the location of the points 1 and 2. Perhaps I'm getting paranoid trying to understand this stuff or just overcomplicate it.:)

Spydetrader, what exactly do you mean: 1. it isn't a traverse, or 2. it isn't annotated as a traverse? Thank you. Sorry for my English.

Just as I thought I'd grasped the difference between tapes and traverses I stumbled upon this chart. Why is the first tape on this chart annotated as a traverse? PS: Great idea, Tums!