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Quote from ljyoung: You are answering the question of why those two constructs on the left are traverses by saying, "... because they have to be. I made no attempt to answer that question and if you re-read my post perhaps you will see my point. Quote from ljyoung: The thick red...

simply the way a Channel is constructed and it's basic sequence. For there to be a down Channel pt3 as indicated on the referenced chart, there must have been a dominant move from it's pt1 to pt2 created by a down Traverse. This Traverse must end at 10:00 to start the non-dominant leg of the...

The same thing happens this day starting 12:55. Interestingly, the green up move was not annotated originally with Traverse points 1,2&3, yet the Gaussians are annotated accordingly for a Traverse. I don't think this green traverse was a FF before the blue accelerated Traverse, and it...

lj: a few basics about the 12/2/08 chart you referenced may clear up the Channel question. The blue up Traverse starting around 10:00 is accelerated with the green Traverse around 11:50 with the FTT around 12:30. Spyder also annotated a flatter gold FF up traverse for some reason, but let's...

for the orange fractal in my snippet to complete it's sequence, the subfractals must also complete at the same time - in other words "in phase". So this was further evidence that the down traverse had completed.

Look at how the faster fractal completes in phase.

You started the RTL of a downtrend at 14:20 at the same point I used. see my snippit. I may be on a lower fractal, but this is where I feel comfortable.

lj: my 15:35 was an OB with a higher close - don't think it ever was an IBGS. I taped to it from the previous bar. With a higher high and close, I think I will always include at least some part of the bar in an up-tape. Here is what I did (highlighted):

nkhoi: I think the Channel pt1 would start from the 3/30 low ~15:00

my view

thanks Mike. You're right - I missed that double bottom and you have some very good points.

lj: I need to set the record straight. As I recall, there was only a little discussion about taping construction guidelines at the meeting. However tapes were obviously being annotated the entire time. Also you know Spyder does not like us to look for "rules". So let's use the word...

Example of fan to decreasing volume bars.

Example

right - but I was referring to fanning to an IBGS bar with increasing volume. It will have a change in mode. I am still looking for examples as it is hard to articulate all the possibilities.

Sorry guys - I was trying to choose my words carefully. I said "Discretion is also used if a tape's trend is continuing with bars of decreasing volume and flattening slope." I didn't mean to imply enough deceleration to cause a significant tape break. I'm looking for some examples to post...

Guava: I have observed in general from Spyder's charts, that once a tape is started from Pt1 to the next bar, he would only steepen the tape when a bar with increasing volume whose close is outside the original tape's LTL appears. He would start the steepened tape from the earliest possible...

Guava: see if this chart looks familiar. As I recall, we discussed these in NY. If these tapes weren't steepened it would have change the breaks and also the place we look for change. In fact, the 10:35 acceleration to complete the Traverse sequence wouldn't have been annotated.

Ok, fair enough. As I have problems identifying the proper Pt2 for the Traverse level fractal relating to Spyder's recent charts, I was curious if you waited until 13:15 EST in real time. I want to use 12:40 and can't find a reason not to.