After an FTT on 1330 [close of] price travels lower on decreased red volume as expected.
1340 [close of] goes lower on decreasing red, telling me to anticipate change.
1345 [close of] the price went higher completing the anticipated change and came back from the high to close within the previous bar range indicating lateral movement.
So far no clear expression of dominant red.
1345 [close of] is also IBGS signaling change and since it closed within the previous bar range I can look at YM. 1344 [close of] YM bar is red on increasing red volume showing clear pt3 channel down. Since YM leads I can expect ES to form down channel as well.
1350 [close of] is a lateral movement closing within the previous bar range and giving permission to check on YM's progress. 1350 [close of] YM bar is black on increasing volume, however it closes within the previous bar, moving laterally and indicating continuation of whatever YM was doing before - going down in a pt3 down channel
Continuation on both ES and YM so far.
1355 [close of] goes lower on increasing red volume and we have a pt3 down.
. I've started to use some automatic bar coloring logic but I still do laterals etc manually.