Quote from romanus:
What I think when I see 'Pace Acceleration' is that I will see some kind of non-dominant movement right after. Pennant, lateral or retrace.
Perfect. Non-dominant movement follows dominant movement. Another segment of dominant movement would then complete a traverse, correct?
Quote from romanus:
In terms of Volume, what I am seeing after Pace Acceleration is either volume decline from the Pace Acceleration bar forward (marked with blue 3 in the attached), or another Pace Increase followed by volume decline (marked with green 1 and 2 in the attached).
Both descriptions represent volume declines - only the
context is different. For now, stick with what you
know represents Pace Acceleration, rather than, jump ahead to examples which may, or may
not represent the current context under discussion.
***
Now, what do you
know (at the
close of ) the 11:20 Bar?
1. The market has
already created a Point Two on the
current Traverse.
2. The market has chosen to create a
volatility expansion - widening the current Traverse.
3. The market has created
Pace Acceleration.
4. Pace 'step down' (or as you put it, declining Volume) always follows Pace Acceleration creating
non-dominant Price Movement.
What do you
know develops
after Pace Acceleration, and
after the 'declining Volume' has completed for each occssion you
know Pace Acceleration has shown itself on your chart? Your answer
must work for
all occurances of Pace Accleration irrespective of market day.
Again, feel free to use Visual aids.
- Spydertrader
