I need this :
Let's say each price bar related to each volume bar is included into the same trend AND each pC allows to measure volume.
Bar 1 : P1 is ass
Bar 2 : Vol is DEC so T1
Bar 3 : Vol is INC AND below P1 so P2. A-band passes and is active now.
Bar 4 : Vol is DEC AND is above T1 : so T2P. B-band passes and is active now.
Bar 5 : it can end in five different zones. I wanna solve each possibility and explore them to the deepest. The following is not in the order from 1 to 5 because I want first to expose what I'm sure about.
The bar 4 will be bar.1 and the 5th bar (which is a shadow here) will be bar.0
r
Pragmatically, we're here in the " four bars context"
1) zone 3 : We have P1 above P2. We are after T2P. So, according to the volume element ranges sheet (VERS), explicitely T2P and T2F are gated. P1 is killed. All this is explicitely defined in the VERS.
If volume ends in zone 3, we will have vol INC. We can either have a volume element and this will mean the trend continues, or we'll have an EE and the trend will be over.
In terms of volume elements :
- being as we're after T2P, we know P1 is killed. T1 is killed after P2 onward.
- Is it the case ? -> yes, being as we've come until T2P. So T1 is killed also. So, no P1, no T1. - What is after that in the OOE ? -> P2.
- What are the necessary requirements for P2 repeat ? -> volume must be above. Is it the case -> No. So no P2 repeat.
- What are the conditions for P2 rev chron ? -> volume above P2. So here, no P2 in any case.
- what comes after P2 ? -> T2P. We've had T2P already.
- Is it a T2P repeat ?
- what is the requirement for that ? -> INC volume AND below leftmost P2.
- Is it the case ? -> It is. We have volume INC after T2P being below P2 -> we have T2P repeat.
- My DD ->
If on bar 5, volume ends in Zone 3 we'll have in VTP a T2P repeat.
2) Zone 2
- what was prior element IDd ? -> T2P
- what is volume doing ? -> DEC
- then what is the definition of the current scenario ? -> B-band is active cause T2P is there, last IDd element was T2P and new formed bar is DEC compared to prior one AND it is above leftmost T1.
- this fits the definition of T2F.
- My DD ->
If on bar 5, volume ends in Zone 2 we'll have in VTP a T2F.
3) Zone 5
- what is the context ? -> a four bar has been created. T2P is there. We are in the B-band.
- can this zone be the Aa one ? -> it cannot, cause we're in B-band, although this reminds the Aa case. In addition to that, we would need a wait along the path, which has been said that does not happen in this hypothetical scenario.
- what is volume doing ? -> INC compared to every prior bars. It makes think about HVBO.
- which of P1 and P2 is the highest ? -> P1 > P2.
- so we're having a bar above P1 after P2 has surged, with this P2 being below P1.
- being as this bar is INC, it can't be T1 nor T2P nor T2F in any case. It can only be P1 or P2 or P3P or P3F.
- What about P3P ? -> according to the VERS (volume element ranges sheet), the first P3P is after T2F. Last IDd element was T2P, so we can't have P3P even though we have b.0 > b.1. The same for the same reason makes me DD we can't have P3F.
- which are the remaining ? -> P1 and P2.
- can it be a repeat of P1 or P2 ? -> no cause the trend has pogressed until T2P so it can only be a rev chron.
- what is the requirement for rev chron P2 ? -> volume must be above prior P2 and the trend must have progressed beyond P2.
- is it the case ? -> yes.
- what is the requirement for rev chron P1 ? -> volume must be above prior P1 and the trend must have progressed beyond P2.
- is it the case ? -> yes.
- it could be (P1 or P2) rev chron. BUT, it is a second P2 being above P1.
- so it is a P1 rev chron.
- My DD ->
If on bar 5, volume ends in Zone 5 we'll have in VTP a (revchron)P1.
4) Zone 4
- we have P2 below P1.
- we have IDd a T2P.
- we have volume ending between P2 and P1
- My DD ->
If on bar 5, volume ends in Zone 4 we'll have in VTP a Bc EE.
NB : this would mean once we have a P2 below P1 AND T2P present, we won't find any P2 rev chron.
5) Zone 1 (the issue one)
- the space reminds be LVBO of B-band.
- the Bc EE has already been spacely-defined. The Ba volume requires in any case a level comprised between P2 and P1.
- Is it the case ? -> No.
- so I can't find any B-band EE here.
- so there is a Volume element to find here.
- what is volume doing ? -> DEC
- so it's not a P1, nor a P2.
- can it be a P3P ? -> no because b.0 is < b.1
- can it be a P3F ? -> no because it requires T2F to be present and it is not.
- So is it a T2P ? -> No, we've defined the zone for that ID, it's Zone 3
- so is it a T2F ? -> No, cause according to the VERS, T2F is killed if < T1.
- so it's none of the volume elements...
- wait a sec...
- this reminds me the pragmatic context of the "four bars" which requires a T2P but that is established even whithout the presence yet of T2P which IS the 4th bar of a "four bars context".
- in the vein of that, what if I say when T2P is there, the context for a "five bar context" is pragmatically established ?
- this takes me to
Fd EE...
Sometimes when I'm in all this, it's hard to differenciate when I'm inventing from when I'm doing great DDs.
Is it the case here ? -> yes.
Need to study, think, work and find out this.
Current DDs :
Zone 1 : Fd EE
Zone 2 : T2F
Zone 3 : T2P
Zone 4 : Bc EE
Zone 5 : P1 rev chron