Iterative Refinement

[Jander]

Quote from romanus:

We have a formation BO on increased volume with failure to show more volume on the next bar. So trend did not change. We have to fan outward (decelerate). Right?

I was under the impression that we fan due to RTL breaks on decreasing volume. I do however remember some nuance about lateral BO that do not show more increasing volume on the following bar... cant remember specifics

 

[romanus]

Quote from romanus:

Something does not feel right about this view. We have a formation BO on increased volume with failure to show more volume on the next bar. So trend did not change. We have to fan outward (decelerate). Right?

On the other hand it looks like a Peak Volume prior to IBGS on decreased volume 1140 eob.
To fan or not to fan, that's the question

 

[romanus]

Quote from Jander:

I was under the impression that we fan due to RTL breaks on decreasing volume.

Not always.

 

[Jander]

Quote from romanus:

On the other hand it looks like a Peak Volume prior to IBGS on decreased volume 1140 eob.
To fan or not to fan, that's the question

I would imagine that the red down bar on low volume cannot be the 1st bar in the 3bar peak volume sequence (up). I could be wrong.

I had it pegged as jokari window change (11:40 bar), higher high on decreasing volume after increasing volume. Not sure though..

 

[ehorn]

Quote from romanus:

Something does not feel right about this view. We have a formation BO on increased volume with failure to show more volume on the next bar. So trend did not change. We have to fan outward (decelerate). Right?

Actually, I now that I study this chart more I am thinking that down channel has not yet been completed! (i.e. more fanning to come...see chart)

P.S. Just kicking around some dialog with you folks while my daughter sits next to me and drips her popsicle all over my shorts

 

[romanus]

Quote from Jander:

I would imagine that the red down bar on low volume cannot be the 1st bar in the 3bar peak volume sequence (up). I could be wrong.

I had it pegged as jokari window change (11:40 bar), higher high on decreasing volume after increasing volume. Not sure though..

I believe the logic here as follows:
When 1140 eob IBGS is completed there's a clear and unambiguous signal from the market that tells you whether or not you can put pt1 on that bar. Something has to do with change on traverse level. Red color denotes the concept I don't have an understanding of.

Edit: Be back in 2 hrs. Family obligations.

 

[Jander]

Quote from ehorn:

Actually, I now that I study this chart more I am thinking that down channel has not yet been completed! (i.e. more fanning to come...see chart)

Yea, I had considered that we were in lateral ever since the 10:10 bar. Also approaching a CO RTL from yesterday that seemed too far away to come into play today.

PS If anyone uses Skype and wants to chat about this anytime, hit me up.. handle: jander20 .. Broke $2 microphone so only text

 

[ehorn]

Quote from Jander:

Yea, I had considered that we were in lateral ever since the 10:10 bar. Also approaching a CO RTL from yesterday that seemed too far away to come into play today.

So if we choose to go this route, what do we have?

X traverses and Y channels (Solve for X and Y)

 

[Jander]

Quote from ehorn:

So if we choose to go this route, what do we have?

X traverses and Y channels (Solve for X and Y)

Im gonna go with

6 Traverses : pink.blue.orange.green.orange.green

1 channel : green

1 IT channel : orange

OR

2 traverses : pink.purple(lateral)

1 channel : orange

fractals are frying my brain

 

[ehorn]

Quote from romanus:

Something does not feel right about this view. We have a formation BO on increased volume with failure to show more volume on the next bar. So trend did not change. We have to fan outward (decelerate). Right?

After further review, I agree. As long as we can agree about the definition of trend

Can we get an authority in here?