Yes, the nature of 1010 [close of] bar and how the price behaved inside it prevents it from placing both pt1 and pt2 on it's high and lowQuote from Spydertrader:
BTW, I referred to the red up channel in my previous post in case any confusion existed.
Yes, 1135 [close of] broke out of the blue channel on increasing black volume.Quote from Spydertrader:
The market confirmed the blue down channel.
By not creating new pt3 down.Quote from Spydertrader:
The market did not confirm your chubby tape.
