Iterative Refinement

Speaking of sequences at that time, I saw PV after pt.3 and a retrace to RTL. But a FBO (up) of a Pennant was a sign to return back to dominant red volume.

I guess the market was not finished with the move down at that time. Instead it made a new pt.3 down and a steeper traverse. :)
 
Quote from TIKITRADER:

Just how I had seen this area.
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Seems like both 1230 and 1425 couldn't be the end of r2r because of how those laterals were broken, and if 1520 was the end of r2r then 1550 should have been a change but it wasn't. Feels like trying to count the chicken in the barn that are running all over the place.:D
 
Quote from Gregor_S:

Speaking of sequences at that time, I saw PV after pt.3 and a retrace to RTL. But a FBO (up) of a Pennant was a sign to return back to dominant red volume.

I guess the market was not finished with the move down at that time. Instead it made a new pt.3 down and a steeper traverse. :)
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1422 on
YM ( drv followed by ve and irv on the next bar) stopped me from doing anything about 1425 ES bar. IMO these type of volume situations presents themselves when price is moving p1 to p2. Didn't feel right because of anticipation of another p3 down on ym.
 
Quote from romanus:

1422 on
YM ( drv followed by ve and irv on the next bar) stopped me from doing anything about 1425 ES bar. IMO these type of volume situations presents themselves when price is moving p1 to p2. Didn't feel right because of anticipation of another p3 down on ym.
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... you have it the wrong way: the 2 min ym leads at the 5 min es' turning points, but it doesn't give any indication of the 5 min es' slower fractal moves.
 
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