Iterative Refinement

[romanus]

Quote from Spydertrader:

That 14:00 ES [close of] black bar heading higher on increasing black Volume might be a clue.

And a textbook Jokari Window: Price Moves in the non- dominant direction (after previously moving dominant) on increasing Volume.

¡Ay, caramba! And another case of looking but not seeing on my part.

 

[Spydertrader]

Based on what we know, what does the 'Pre-Flight' Check tell us for tomorrow's open?

- Spydertrader

 

[bi9foot]

Quote from Spydertrader:

Based on what we know, what does the 'Pre-Flight' Check tell us for tomorrow's open?

- Spydertrader

Completion of the last up traverse of the day and building of a down channel

 

[romanus]

Quote from Spydertrader:

Based on what we know, what does the 'Pre-Flight' Check tell us for tomorrow's open?

- Spydertrader

I see an uncompleted sequence for a 2nd dominant traverse of an up channel (part of super-channel). Don't see confirmed pt3 yet.

Expecting completion of sequence and a signal for change before beginning of a new sequence.

 

[PTVtrader]

...

 

[Mr_Black]

Super Channel...?

 

[gucci]

Quote from Mr_Black:

Super Channel...?

I think, since channels ´measure` market sentiment, it would be reasonable to take into account the fierceness of yesterday's rally and carry over the yesterday's (super) container as well? FWIW.

 

[romanus]

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[romanus]

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[Mr_Black]

Point 2 of the Super Down Channel was taken out....nice structure ...I am going to keep this chart...