Once again thank you for creating these diagrams.
On the top left quadrant, you have written '++V' below the HHHL bar. '-' is written above 'LLLH' bar.
Similar markings are written on each 'diamond.' Can you please elaborate as how to read these diagrams?
Thanks very much in advance.
We have the 10 price cases. 2 trigger permission to measure volume. As price forms the second bar, at some point it "locks in" the final form before bar close.
This "Lock in" can be observed under two conditions. Vol is incr or it's decr.
The third condition of vol being the same we put aside for now.
The context of the price cases are for form, not value. In other words we are filtering the volatility of price out of our context at the moment. The price cases are colored blue. However we are looking at the form and not whether the bar's are black or red from the dominant move of the bar.
We'll add these later but for now we assign the top half of the octahedron "diamond" as incr Price (green +) and the bottom half as decr Price. (red -) The top and bottom peak give permission to measure volumn.
The additional + on a face is for incr vol.
Whenever we have increasing volume have Dominance (blue +) Decr volume is non-Dominance.(blue - )
To read the diagram, start at SYM on the left side. As we monitor price changes. As price changes it moves in a pattern across the diagram taking different paths until "Lock in". When the path of price remains within the price containers Sym, ftp, fbp, hitch. That is the signal to WAIT.
This bar closes and the next one begins. We treat this new current bar as a SYM and start again at the left - Only if the last two bars were within the WAIT.
Else we flip the Dominant face (+V) to the non-Dom face (-V).
If what we see the market doing is not decr Volume, then we flip forward to the next face to watch price change in a new dominant direction. It's the same face (dominant) as before but this time we witness price change going in the opposite direction. However how we got here was through a secession of dom, non-dom, dom sequences.
The faces of the octahedron sequence D to nD to D to nD. Price also has a succession through it's faces - high volatility to Low Volatility to high volatility to low volatility.
It's better to work with "the pattern" first then a price chart to better understand it's capabilities and limitations.
Hth