I manually combined last Fri's chart with Tues 01 June, and see that I would need to re-work on the fractals again. So the TF long in the beginning of 01June would be a non dom TF traversing PT2 - 3, creating an FTT @ 10:30 AM, correct ? And the SF is still on a dom short (superimposed thick pink dashed line) due to fanning of PT 3.
Getting down and dirty is where the rubber meets the road ...
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I manually combined last Fri's chart with Tues 01 June, and see that I would need to re-work on the fractals again. So the TF long in the beginning of 01June would be a non dom TF traversing PT2 - 3, creating an FTT @ 10:30 AM, correct ? And the SF is still on a dom short (superimposed thick pink dashed line) due to fanning of PT 3.
Quote from charts:
I'm not sure we're viewing it the same way (?)
EDIT: Start it Friday 5/21 ...
I took a clean 5m chart and drew the lines to give a better perspective from 5/21 to 6/1 but I am not clear as to how the long blue up fractal come into the picture of my question ?
Would you care to clarify again what you mean to start it on Friday 5/21 ?
TIA
I always look at multiple fractals and have an opinion of the context on each of them. I suggested 5/21 because if was where that up trend started on the de-gapped chart. For me, that up move having pt1,2,3 on Fri ending next day fit well in the bigger picture, as a retrace of a retrace. If you're looking at the regular (with gaps) chart the up move started 5/25, you can still see the sequences unfolding. When looking at longer time frame I find useful to adjust higher their sampling scale (e.g. 15min, 45 min, ...)
Quote from charts:
I found a couple of fractals in between those you've annotated ...
This probably go back to basic annotations 101 but its a fundamental requirement to get this right. I have posted 2 questions on the 2 ND moves of the fractals you have put in. The first relates to ND starting bar 50 1:40pm of which I am not 100% clear how the ND is justified unless... we consider that the lateral move broke the FF rtl but then would that not have justified a fan (which I did regard as such as with the next black OB at 1:25) resulting in the fine red container.
The other correspond to the 2nd ND. I ended at 3:10 whereas you annotated the end at 3:20. This is a fundamental difference again and I like to understand the difference before I correct it.
TQ
My blue highlights were exclusively based on volume, and were meant to show a couple of fractals I have seen, and that were not obvious on your chart. Your questions refer only to price movement monitoring, and it seems that your gaussians are drawn mostly based on your interpretation of price movements (I consider this approach to be less precise for MADA). So, I don't consider your questions incompatible with my highlights.
TQ for your comments and input. Is that then perhaps the way the correct way to draw based on volume ? Yes, you are right that my gaussians are drawn to correspond to price moves based on my understanding that the gaussians should reflect each price move with a 4 sub volume moves. Is this then a less effective or accurate way to annotate the chart ? How then does one draw exclusively on volume? I think that would require a new higher set of skills to be acquired or another way to look at the volume pane.
Today's chart again as i see it.