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Iterative Refinement
- Thread starter Spydertrader
- Start date
question about yesterday (see attached chart)
the red down tape (starting around 14:55) looks to me as the start of a dominant channel, however, it seems that it's a non dominant retrace of the blue channel.
So, how, or better when do we know this is the case here? When price breaks the pennant around 15:20? (but on decreasing volume) or when volume turns from decreasing to increasing black?
When do we know for sure? (or when does the mode changes)
--
thanks,
innersky
the red down tape (starting around 14:55) looks to me as the start of a dominant channel, however, it seems that it's a non dominant retrace of the blue channel.
So, how, or better when do we know this is the case here? When price breaks the pennant around 15:20? (but on decreasing volume) or when volume turns from decreasing to increasing black?
When do we know for sure? (or when does the mode changes)
--
thanks,
innersky
Attachments
Yes, Guavaman, 5 min fractal. Now let's see if this point 3 holds...
So far...
And Guavaman, not so sure about my answer to your question regarding dominance at 12:20 - can see it multiple ways (which is a bad sign). Will be interesting to see what Spyder posts... Thanks for making me think so hard about that pivotal area.
And Guavaman, not so sure about my answer to your question regarding dominance at 12:20 - can see it multiple ways (which is a bad sign). Will be interesting to see what Spyder posts... Thanks for making me think so hard about that pivotal area.