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Thank you Spyder, ehorn, & Jander. This has been an EXTREMELY helpful exercise tonight! John

The market signaled us to hold short...no doubt now about that. There was no traverse level FTT to signal change. Expect continuation.

Then it seems to me that in order to respect that lateral we would need to be sure that we didn't get a signal for change on the first down traverse. I need to know, once arriving at the end of the red traverse, that the correct decision is to hold. By not respecting what the JW told us, I...

Lateral

I would agree....and when does price BO of that lateral with two consecutive bars of increasing volume?

hmmmm....the more I look at this chart it seems the market was telling us to keep fanning our traverse. Perhaps there was no signal for change today. Hold short all day? Or maybe I'm just suffering "tape-traverse exhaustion"!

OB...price made a higher high on DBV...price will continue down?

IBGS

I agree, I think the FTT should be the last dominant bar.

I say "yah". However, would the IBV still qualify this as peak volume? edit: I see Spyder as already answered this for us.

I'll try to do better....time has been a precious resource in the last few months.

I think it might be a constructive exercise (definitely would benefit me) to examine each of these "traverses" and determine if the necessary components are present. HINT: I don't believe they're all traverses upon debrief/reflection. Ehorn - sorry if I've thrown you off...I'm trying to...

Bothers me too....lol. Also, to qualify as traverses wouldn't the lateral movements have to achieve a BO of two consecutive bars with increasing volume?

I believe you are correct here, that the traverse is the fractal between tapes and channel. However, as I review today's chart it appears to me that some of the "traverses" which I've annotated with the 1,2,3's are actually tapes. In other words, some of them do not have the necessary components...

Would perhaps some of the necessary components be a dominant tape ftt, non-dominant tape ftt, and finally a dominant tape ftt?

Today's effort. John

Eric - did you try it during regular market hours? I know I get what you're describing when running in "playback" mode after regular market hours.

I have it Pr0crast - sent you PM

LOL....nope, if I was that good I'd be retired by now. But I was up by a few points.