Iterative Refinement

Here is my analysis for today. Comments are welcome.

The market completed p2 to p3 move at 10:20 and the first down traverse (started at 15:05 yesterday) by 10:55. The third DOM traverse started at 11:55 with p2 at 13:00 and p3 at 13:35.

I think 13:45 is PA so we have accelerated traverse from 13:45 to 15:10. Due to this traverse, the third DOM traverse became a channel.

The last traverse started at 15:10 is not completed yet but we are allowed to seek SOC.

11:55 bar should be considered as SOC. But what type of SOC is this?

TIA
 

Attachments

Quote from Miracle:

The last traverse started at 15:10 is not completed yet but we are allowed to seek SOC.

11:55 bar should be considered as SOC. But what type of SOC is this?
More...

IMO the last traverse of the day formed a faster fractal Up traverse so we either have formed a Pt2 by the close or we still need to before we get a retrace to form a Pt3 Up.

I do not show the 11:55 bar as an SOC, I have it as a Pt2 of that Non Dom Up traverse. I have the 12:20 bar as the SOC.
 
Quote from Miracle:

I think 13:45 is PA so we have accelerated traverse from 13:45 to 15:10. Due to this traverse, the third DOM traverse became a channel.
More...

I think these are called faster fractal traverses but you would have to ask guava...he's the expert

11:55 bar should be considered as SOC. But what type of SOC is this?
More...

decreasing volume and increasing volatility equals jokari window...expect change

hth
 
You must log in or register to reply here.
Back
Top