Quote from LittleMac:
1- Like in an RTL traverse on an up channel. If you have increasing black(say three bars) Bar 1 is higher than bar 2 but lower than bar 3(the latest bar) this is still increasing black right?
2- And then on the movement to decreasing red(LTR) if the first red bar after the increasing black bars is higher than all of the black bars, it is still fine to start your decr red Guassian here as long as the red bars decrease, correct?
3-And the spot you were referring to in my GIGM Guassians, is it the spot I have circled on my chart attachment??
4-All in all though, thanks for the comments.
1- By RTL traverse, I think you mean a dominant traverse. RTL is Right Trend Line, not right to left. You can. Or dec black on the first day, then inc black the 3rd day works too. Depends on how fine a line you want to put on it. Generally, I will first draw in the dec black, and then change it to inc black the 3rd day to eliminate confusion.
2-Non dominant traverse. Correct. But keep in mind that you should NOT give a whole lot of weight to the color of the volume bar. What depends is the range of the price bar. A higher high and a higher low is a black volume bar. But if the bar closes lower , you will get red volume bar. Ignore that red and understand that it is a BLACK volume bar.
3- Yes, I showed my corrections on the attached page.
4- I'm not helping for altruistic reasons. Helping others reinforces what I've learned, or think I've learned. It makes you think about what you're saying before you post. A little bit of self examination. But you're welcome.