Quote from tea_leaf:
1. Why is T1 on internals (bar 35 & 37)? I don't see lat4 for retro.
2. Can we have PP5a turn on bar 49?
Please see attached. Thanks
thanks for your input.
This is what I did:
1. the retro lat4 is bar 37. and the lateral ends on bar 40 (Se BO and pink arrow)
Since the lateral commenced on bar 34 and simulktaneously an Ab occurred A P1 is found on bar34. Doing the retro makes bar 35 a T1.
36 is a P1 on the BO, T1 and bar 37 becomes a T1.
Of course, you have a keener eye than I did. There is no lat and no lat 4. BUT nicely, the long ends later and a reversal occurs on a Set A type trend EE. (Bar 39)
2. bars 46, 47 and 48 form a three bar lateral. They get quished to equal are reference prior bar for bar 49. This squish is an identity to bar 46. Bar 49 compared to bar 46 is a stitch B with UL volume sizing.
So lets look at the short that began on bar 39. We do get a BO, T1 and then, later, bar 46 becomes a reversal short to long.
So, a really nice set of items in your post. the consequence is that we do pick up several more points of profit.
Sorry about the tardy response. Very good work.