It appears that the Pace Acceleration of 10:20 (V = 49,473) compared to previous bar 10:15 (V = 34,604), both in extreme territory, does not indicate that Price will cycle through again. The IBGS on IRV (10:25) was a traverse level SOC.
Yes it does, but how?
In Dom traverse?
In Non Dom traverse?
Pre Pt3?
Post Pt3?
Inc. Vol?
Dec. Vol?
Price close inside previous bar?
Price close outside previous bar?
12:20 was Dominant.
The 11:05 bar was a completion of a sequence (orange TL's) but did not show a SOC. So we needed to cycle through another sequence. Initially I could not justify the IBV at 11:15, having ignored the BO of the [orange] RTL. After many reviews I finally drew in a large...
Similar to two days ago, I have that rather uncomfortable feeling that my analysis of a Pace Acceleration bar (12:50) was overridden by the JW bar at 13:00 Dagnammit!!!
I too am in this boat.
Understanding each bar and its unique role in the overall context of the trend is a difficult challenge and one that [for me at least] has taken an awful lot of time and focus to clear up. Spyder refers to areas of confusion, to me these are "confusions of the correct...
I am sure I do not fully understand the question here so my answer that this area builds a Non Dominant traverse is most likely inadequate for the information you seek.
Are you referring to the 13:30 bar? If so I gave more weight to this bar being an OB than a Spike bar aspect of it. Since it was a OB the sequence needed to complete itself.