A quick review, in case anyone still has a desire to participate (or anyone wishes to change their answers
).
1. Non-dominance represents the default state until the market indicates dominance.
2. \/B2B or \/R2R represents Price Movement from Point One to Point Two. The next phase, R2\/B (or B2\/R - respectively) represents Point Two to Point Three Price Movement on the non-dominant side with a return to dominance indicating Price has arrived at Point Three and started to move into the channel.
3. Increasing Volume does not automatically indicate dominance (and we know several examples of such an event).
4. In the above posted exercise, I did not ask whether or not the specific Traverse represented a dominant or non-dominant vector, nor did I request to know the dominant direction with respect to Price. I only requested everyone label the individual bars as dominant or non-dominant (and of course why).
5. Still plenty of time to jump in should anyone have a last minute flash of motivation. Thanks to everyone who has chosen to participate thus far. I'm confident you'll find the exercise useful.
- Spydertrader
).1. Non-dominance represents the default state until the market indicates dominance.
2. \/B2B or \/R2R represents Price Movement from Point One to Point Two. The next phase, R2\/B (or B2\/R - respectively) represents Point Two to Point Three Price Movement on the non-dominant side with a return to dominance indicating Price has arrived at Point Three and started to move into the channel.
3. Increasing Volume does not automatically indicate dominance (and we know several examples of such an event).
4. In the above posted exercise, I did not ask whether or not the specific Traverse represented a dominant or non-dominant vector, nor did I request to know the dominant direction with respect to Price. I only requested everyone label the individual bars as dominant or non-dominant (and of course why).
5. Still plenty of time to jump in should anyone have a last minute flash of motivation. Thanks to everyone who has chosen to participate thus far. I'm confident you'll find the exercise useful.
- Spydertrader
