Nesting Fractals

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Quote from rainman2:

I believe we are do for a retrace...
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Nice timing on the retrace (Wed evening call)...

Sure was short lived though and on pitiful relative volume (daily). Today just kept putting in higher and higher peaks on DOM volume.

Getting interesting out there... :)
 

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Quote from tradingbug:

I am looking for a non dominant lower high/right shoulder. Lets see what happens.
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Time will tell Tbug. Looking good though. Throw up a CDV chart every now and then if you get a chance. I like to compare irt/dtn data to mine.
 
Quote from ehorn:

Nice timing on the retrace (Wed evening call)...

Sure was short lived though and on pitiful relative volume (daily). Today just kept putting in higher and higher peaks on DOM volume.

Getting interesting out there... :)
More...

Thanks ehorn, but when price broke below 1044 today, I knew I had my sequences wrong. I'm pretty sure I have them right now. Retrace leg when this traverse completes.
 

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Quote from rainman2:

Thanks ehorn, but when price broke below 1044 today, I knew I had my sequences wrong. I'm pretty sure I have them right now. Retrace leg when this traverse completes.
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u and me both... I jumped in (7)... By mid morning it was clear we were cutting through 44.

Nice chart.
 
Quote from jack hershey:

The five pertinent levels are: Channels, Traverses, Tapes, and Building Blocks of Tapes (BBT's) , and sub building blocks.

Can sub building blocks be seen on the 5 minute chart or are they intra-bar ? or Are sub building blocks considered "THE CASES" ?

The current short channel we are in and which established that the Bull retrace was behind us started its final beginning on 26OCT09 on bar 20 of a five minute ES chart.

The carry over for Monday 02NOV09 is a Short Channel; Short Traverse 1 (temp FTT@ pt 2 of BBT 3);Short Tape 3 (temp FTT@ pt 2 of BBT 3); BBT 3 pt 2 to pt 3; Sub 2 long pt 1 to pt2 after BO of Sub 1 RTL in flat top two bar pennant.

Nice PFC template.

If there is a volatility expansion big enough to wipe out long traverse, then technically we ARE BACK TO THE FIRST SHORT TRAVERSE of an ever steepening FIRST short channel AFTER a Bull Retrace failing.

Thank You for explaining this. Is this 'technically' true all the time?
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