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You may want to rethink that. Look at the f#^%ing date on the chat fragment I posted. We ourselves keep ourself in suspence.

:D I meant his previous answer: no FTT without a VE or flaw yet.

I am inclined to side with dkm with the disclaimer that my answer is not internalized or drilled-down yet. After doing this drill I am yet to figure out what the market is communicating. Since this part of methodology is very important, could you clarify one of your earlier comments: Does it...

This is pure gold! Thank you for the charts!

As you witnessed my :D attempt to illustrate channel construction throughout today, please note following corrections: [list=1] The first Blue Point Three Up that was illustrated as a channel is not a channel at all. It's a traverse. After seeing an accelerated green traverse developed inside...

Thank you very much! Btw, was I on the right track with 'what wasn't that' for the last three bars of yesterday.

:) They do! You saw the correct way for the up channel. Being concerned with the order of traverses I see now that what took price to pt2 of the CHANNEL was the fanned outward first blue traverse. Which means that 1335 eob - 1415 eob Lateral Movement is not a L2R traverse at all. Got to figure...

The only possible explanation I can think of right now is that my second green up traverse in the previous drawing is not annotated correctly. I got to figure out why it is not a traverse. 1455 eob is a spike bar, so it's a change for a red down traverse, which I thought was a dominant in a...

... and so ends our olive up channel and another begins.

And now it looks like we started building a new up channel by creating a first up traverse followed by lateral movement.

I saw it but after spending a few minutes figuring out how to fit it in, gave up cause my mind was preoccupied with more existential :D question - what was different today compared to when one would expect another dominant traverse up instead of BO. Starting with VE of the blue channel 1120...

And that increasing red volume 1150 eob indicated that what once thought to be a non-dom traverse is widening to the size of the channel, and therefore the BO of the blue channel RTL may be in the books?

I wonder if that's what's been going on.

Which would explain that which I was working so hard :D not to understand on this chart as well as this one, with a very powerful hint given here.

I was referring to pt3 up since the fuchsia down traverse (your dashed) has ended and another up traverse has began.

Thank you for the words of encouragement! What has transpired at the end of the day looks strikingly similar to the mid-day part of 06-04 to what you referred as not confirmed traverse in this picture. Is this another case of 'What Wasn't That'? EDIT: the second half of the day can be...

If this is a lateral movement from pt2 to p3 then where's pt3?

the final fuchsia (pink?) down traverse of the day has ended failing to BO the thick olive up channel that has been in effect since late morning. It was a non-dom traverse of that thick olive up channel. While channels do overlap I don't think one can have a down channel completed ( by virtue of...

Increasing red volume 1530 eob should alert one that dominant red has arrived before price broke out the RTL of traverse and as such the next 1535 eob may be considered pt2 to pt3 retrace. Today has been a tipping point in my decision to tattoo on my forehead this statement: Whenever...

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