Iterative Refinement

Quote from romanus:

121643 and we have pt2
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But how can this be with out WMCN (increasing volume) immediately after the Lateral Formation BO to confirm the change of trend? I was told in my example yesterday that the pt1-2-3 sequences could not be pursued in such an event. Who can explain the context difference here so that my dimly flickering bulb can glow again? :)

http://www.elitetrader.com/vb/showthread.php?s=&postid=1926390#post1926390

http://www.elitetrader.com/vb/showthread.php?s=&postid=1926413#post1926413
 
Quote from R/R:

But how can this be with out WMCN (increasing volume) immediately after the Lateral Formation BO to confirm the change of trend? I was told in my example yesterday that the pt1-2-3 sequences could not be pursued in such an event. Who can explain the context difference here so that my dimly flickering bulb can glow again? :)

http://www.elitetrader.com/vb/showthread.php?s=&postid=1926390#post1926390

http://www.elitetrader.com/vb/showthread.php?s=&postid=1926413#post1926413
More...

This is a very good question. Something I struggle with. :D

An example of one bar change and price moving from pt2 to pt 3 in a formation? Since next bar is pennant then forming lateral we look to YM and see return to incr. black at 12:22?
 
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