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AHA!:D (YM 1330 eob & +PRV)&(YM RTL BO)=> ES Pt3

:D Common, spill it out,:D don't keep a secret like this to yourself!:D

It appears to me that blue traverses for both MELI and SOLF charts have been constructed using this same approach (above).

... and more sophisticated version of the same.

Attached is a review of the tape drawing mechanics leading to pt3 channel construction. Adapted from video

:D Thank you for this one as well (paragraph 4):

:D Thank you for pointing out this quote in the second reply (paragraph 6):

Thank you very much. Enlightenment=AHA!² :)

Here's an example from this post. Note the long channel around 0900 and short around 1400 (2 pm). Looking more closely at both blue chanels on Spydertrader's charts I notice that both started as tape with increasing volume as price breaks RTL. May have something to do with what is described on...

I guess in my case the need exists to go back to tape/channel drawing drills.:D

Well, the price returns into the channel on both bars marked pt3. That much both charts have in common. Also in both charts bars marked pt3 exhibit higher volatility(Hi-Low range) compared to the previous bar. PV relationship suggests that it would take more volume to move price greater distance...

Yes, that's the answer. Thanks.

Thanks, I got to figure out those if1,if2 conditions.

AHA!

For the sake of clarity, the debate of whether or not there is pt3 up channel should be separated from the analysis of the signals provided by the market. Spydertrader posted that chart to alert LittleMac of the changes that no longer supported being long in that stock. The chart clearly...

Could you elaborate a little bit, because here's an example of OB that closed as lateral movement but signaled in the opposite direction. Or did you mean it signaled short because WMCN did not materialize.

:D If that's true, then 6-19-08, the outside bar is not an FTT, and therefore the more recent pink down channel is not a channel either :D. Consequently the Thursday's VE is not a VE :D ,and as such is not a signal for change, but who did all that buying that moved Friday's close all the way up...

Apologize for the long post. A shorter version would be: The \/ gaussian shift after FTT and pink RTL break indicate that the trend has changed. Therefore a pt3 up channel would exist to annotate it. The increasing black on 6-16-08 can be attributed to formation BO, and increasing black on...

6-12-08 bar (increasing red marked pink pt3 and blue pt1) and 6-13-08 (inside black bar on decreasing volume) form SYM pennant. 6-16-08 breaks out of formation on increasing volume followed by more increased volume on 06-17-08. The \/ gaussian shift after FTT and pink RTL break also...

?? After pink down channel is broken, blue channel is an anticipated up channel. The black IBGS bar marked pt3 is a change signal after price traveled pt2 to pt3. WMCN is increasing black, as price returns into blue channel, instead we get increasing red. What must come next, did not, therefore...