Iterative Refinement

[charts]

Quote from romanus:

.. hiccup @ 1350 ..

..

 

[charts]

& ..

 

[guavaman]

Quote from romanus:

As much as I'd like to, I can't explain the hiccup @ 1350 without a lateral beginning @ 1320.

I determined this was a FFT that retraced and then formed an OB and Pt3 up. The Pt2 of the FFT just didn't land near its usual place.

 

[romanus]

Quote from guavaman:

I determined this was a FFT that retraced and then formed an OB and Pt3 up. The Pt2 of the FFT just didn't land near its usual place.

While I am unable to find the clues in tapes and gaussians alone (leaving out the p2 to p3 lateral, which is another vocabulary word) as to why the sequence was not completed at 1350, the item which may require differentiation could be the location of green and blue point 3 in relationship to the pink down traverse RTL. Could be something worthwhile to pay attention to - gonna do some digging in past charts.

 

[charts]

Quote from romanus:

While I am unable to find the clues in tapes and gaussians alone (leaving out the p2 to p3 lateral, which is another vocabulary word) as to why the sequence was not completed at 1350, the item which may require differentiation could be the location of green and blue point 3 in relationship to the pink down traverse RTL. Could be something worthwhile to pay attention to - gonna do some digging in past charts.

You're on the wrong path .. Here there are several fractals at work. If you trade spydertrader's 5 min look at my "--" chart; if you trade faster look at my "-" chart. The pink RTL was just a factor in the market taking a breather ..

 

[Ezzy]

Romanus,

While this could be crack for a recovering lateral addict, I was seeing it this way. Though I have to say I'm partial to Chart's version.

 

[romanus]

Quote from Ezzy:

Romanus,

While this could be crack for a recovering lateral addict, I was seeing it this way. Though I have to say I'm partial to Chart's version.

Your point is valid and normally would be sufficient to determine that @1350 we haven't finished moving p2 to p3. However, there may be another way of knowing. My gut is telling me that it's a real possibility.

 

[romanus]

Quote from charts:

You're on the wrong path .. Here there are several fractals at work. If you trade spydertrader's 5 min look at my "--" chart; if you trade faster look at my "-" chart. The pink RTL was just a factor in the market taking a breather ..

I looked at both of your pics - your gaussians and trendlines don't seem to follow any convention that would make sense to me. I am not saying that they are wrong - just that I am unable to discern any useful data from them which would indicate that the sequence was not completed at 1350 ( the market hasn't finished moving p2 to p3).

 

[charts]

Quote from romanus:

I looked at both of your pics - your gaussians and trendlines don't seem to follow any convention that would make sense to me. I am not saying that they are wrong - just that I am unable to discern any useful data from them which would indicate that the sequence was not completed at 1350 ( the market hasn't finished moving p2 to p3).

.. you have a return to dominance on that bar (if you ignore Ezzy's lateral traverse), but you don't have a signal of change to reverse short.. I also see pace acceleration (long) at 1335.

 

[innersky]

Quote from romanus:

As much as I'd like to, I can't explain the hiccup @ 1350 without a lateral beginning @ 1320.

I see it as a completed sequence (but without soc), then it's rtl gets broken on decreasing volume, so you must fan out.

--
innersky