Iterative Refinement

Quote from Spydertrader:

The market provided many opportunities to learn a thing or two this morning.

The market then stepped down in pace creating some sort of Lateral in the process. Hmmmmmmmm. Completed Sequence for a Traverse followed by a Lateral. What must come next?
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ding ding ding.....Spyder's expression "wash rinse repeat" became much more significant for me today!!
 
Quote from jbarnby:

ding ding ding.....Spyder's expression "wash rinse repeat" became much more significant for me today!!
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wash rinse repeat = repeating sequences
 
Quote from ehorn:
At the time of your response, Since the Channel sequence has not completed, I was anticipating a non-dom retrace (traverse) on the ES-5M fractal.
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I wanted to clarify (for anyone grapling with my response) that in light of Spyder's clarification and some debriefing and review, the above statement was incorrect. We had completed the sequence at that time and were in a new dominant traverse.
 
Quote from jbarnby:

My take on today...
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Thanks for posting John. Knowing that channels overlap, I was looking for the proper "Forest Level" channel to account for the overlap (your red channel). Just seemed like such pitiful volume (relatively speaking) after that (Red PT3) I left it off. Mistake :)

Also, looks like I still have some bar coloring details to flesh out.

I really like your charts!
 
Thanks Jay. I had the red channel drawn in as a super channel from the 15:15 FTT on Thursday and the Pt 3 of that channel from 15:45 on Friday. I can definitely see your take on it also. I'll have to examine the charts a bit more to work that out.
 
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