Iterative Refinement

[romanus]

1110 is a PA - so why is it doing this? Why?

 

[guavaman]

Quote from romanus:

1110 is a PA - so why is it doing this? Why?

Pace Acc. says we will cycle through the sequence again. Looks like we are cycling through the sequences here.

 

[romanus]

Quote from guavaman:

Pace Acc. says we will cycle through the sequence again. Looks like we are cycling through the sequences here.

You mean everything from 1115 forward is non-dom?
EDIT: sub-fractal, faster fractal sort of movement?

 

[Neoxx]

Neoxx: Was there anything else (from the ES chart) that could have given advance notice of the violent BO and failure of a new dominant?

Spydertrader: A thoroughly, and correctly annotated chart.

Neoxx: This would suggest to me that Guavaman's rendition was closer to the mark.

Spydertrader: I don't recall 'suggesting' anything in my post which would lead one to the conclusion rendered above. In order to drive this point home, I had yet to review Guavaman's chart, prior to, responding to your post. In the future, take care not to reach arbitrary conclusions. Understand what has been said, rather than, interpret what you think I meant.

Thanks, Spyder. In retrospect, it does seem like a wild and baseless assumption. I was too ready to jump to a conclusion, even if it was the wrong one. I'll continue to review the chart and hope to find the answers that I seek.

If you could clarify the latter query (regarding sequence recycling/resetting) I'd be much obliged.

Regards,
Neo

 

[romanus]

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[ljyoung]

Quote from romanus:

Dangerous generalization, - note red point 1 down, around 1330-35 in the attached, signal for change in blue up traverse.

Spot on Romanus. The IBGS is bar 3 of a sequence-completing JW change signal.

lj

 

[romanus]

Quote from ljyoung:

Spot on Romanus. The IBGS is bar 3 of a sequence-completing JW change signal.

lj

No JW there IMO, just a Lack of 'continuation'

 

[Avi 8]

Quote from romanus:

1110 is a PA - so why is it doing this? Why?

1050 -1105 is not a lateral, but one with a fully annotated chart would know that.

Therefore 1110 is sequence complete, look for change.

Amazed how one expects to find his way in the market without a proper map.

 

[guavaman]

Quote from romanus:

You mean everything from 1115 forward is non-dom?
EDIT: sub-fractal, faster fractal sort of movement?

Yes, it is a Non Dom retrace

 

[romanus]

Quote from Avi 8:

1050 -1105 is not a lateral, but one with a fully annotated chart would know that.

Therefore 1110 is sequence complete, look for change.

Amazed how one expects to find his way in the market without a proper map.

Thank you for responding Avi 8.

1110 bar is dominant indeed - increasing red volume. However I can't help but notice a rather enormous difference in volume compared to the previous bar (61395 vs 31531). You appear to be saying that it's not a PA. Am I understanding you correctly?