Firstly, let me say that I have already seen what the market has been doing overnight... it's down in premarket. Therefore, my analysis should be considered hindsight. OTOH, I will tell you I would not have seen this as a tradable ftt. In fact I see it is a "no change" and here's why.
Lets define the container I see... pt1 on the 13th, pt2 on the 19th and pt3 on the 21st. Call it whatever you want, a tape, traverse, chubby tape, channel, goat, chicken, whatever, that's the container I am seeing/using. I also see the sequence completed on the 26th, which means I am looking for a signal of change, such as ftt and/or another ending signal.
The 29th is NOT ftt. If there is an ftt it is the 28th. And that is based on volume. Volume dictates what you have. Always! The 29th is OB, meaning there are 2 pieces of sequence. So if the 28th was ftt, aka pt1 of a new container, the OB negates it. In this analysis, the high of the OB would be pt2. But since the the low of the OB is beyond the pt1, that can not possibly be pt1. So in the micro view, how I would trade it... there has been no ftt, and the OB is not even a rtl touch. It is no change.
Additionally, something I don't use to any useful extent are the early ends. OB by itself can be an ending of a sequence PP4, PP4a, and PP5.
@Sprout is the expert in use of the early ends and notating such. Again, I see the 29th as a "no change" on your chart.
HTH?
@tiddlywinks - I see similar things.
Normally, you would be right about the 29th OB. The thing that makes this false in this case is the prior bar is an Ag vebo. The sequence, P1 < P2 < P1 is an Ag volatility expansion break out, Being A band, that very bar is assigned P1 in volume in the final sequence of events. The 29th then becomes a T1 relative to Ag's bar height. The RTL short fans as a new pt3 for this OB's bar's high.
Since this OB's volume is a T1, then the OB is not in the class of an End Effect, End Event, Early Ends, etc,... there might be nuances between them but I generally see them as End Events in the Operating Order of Events. It still has two events applied to it and moves the trend forward in the OOE. It's just not an EE that assigns a P1 to the next bar signaling change and a turn. It's a T1/P2 which moves the non-Dom trend forward. We have Dom to non-Dom. We're anticipating a return to Dominance vs a change in Dominance. Depends who wants to participate at market open. The sequence unless interrupted is bias toward another ve short with increasing volume with decreasing price.
If the prior bar was in another band (B-K) not A band, then yes this bar would be the P1 with a bias toward the opposite channel direction (long) with the next bar's (either P1 of T1) logical geometric pt3 of the new trend direction. This could be in the opposite direction (long) or an accelerated channel in our current Dom (short) leading to channel expansion short. Vector based, always binary.
@Simples Having arrows and text box's above the C turns Dom to Dom (C,D-D) bars would support building the sport's memory associations. Each element of the 17 leading indicators of price have a place in the dataset of continue/change with one element tipping the balance as an early signal. This is the decreasing volume non-Dominant movement where the price change is in the shadow of the bar. The shadow of the bar is between the doji and the respective high or low where price is retracing. It's in contrast to what the form and color of the bar are revealing.
It's
Performing realtime MADA is definitely in the flow of the moment, SCT is highly tuned to changes in volume pace. Active annotating and logging makes the difference, it's the fast path to confidence, support and clarity. As well as an increase in capacity. Processing time has progressively shorten in time via a self-correcting and self-healing conscious/subconscious process. Always
If terms of a bar-by-bar debrief this is what I see, the price cases are already labeled by the bars.
@Simples What's missing are the larger fractal containers to 'nest' the existing channels. It's where one zooms out on the drone and see's the forest more than the trees. The pattern is Dom/non-Dom/Dom. Binary
bar69 BO,T1 Failsafe, pt1 long, BM long
bar70 fan new pt3, T1
bar71 fan, P2
bar72 accelerate, T2P
bar73 Bc EE
bar74 BM pt1, P1
bar75 OB, PP4
bar76 P1 assigned
bar77 PP4 EE, BM,rev Failsafe, P1 assigned
bar78 P1 assigned
bar79 BO,T1 Failsafe of bar68 pt1, bar77, pt3 (bar71,77 return to Dominance with increasing volume)
bar80 P1
bar81 PP1 EE
bar82 P1 assigned, pt3 long, ftt short, BM long
bar83 T1
bar84 FTP, wait
bar85 T1, new pt3 long
bar86 PP6 EE
bar87 fan new pt3 long, P1 assigned
bar88 T1
bar89 ve short, BM,rev Failsafe, P1 assigned, BM short
bar90 T1
bar91 T1
bar92 P2
bar93 Ad hvbo EE, P1 assigned, BM long
bar94 wait
bar95 T1, new pt3 short
bar96 BO,T1 Failsafe, P1 assigned, BM short
bar97 P1, ve short
bar98 T1
bar99 P2, ve short
bar100 Ag vebo EE, P1 assigned
bar101 T1, BM long, RTL long established for nonDom traverse. Up to four bars anticipated before resume short.
Anticipate increasing long volume with increasing price within first four bars for new channel long, if FBO of above RTL long reverse short on increasing short volume. if decreasing volume and increasing price, hold long until increasing short volume. if BO of this RTL long, reverse short, fan channel short with new pt3.
If tomorrow's nyc open above today's close, prv long, BM long
If tomorrow's nyc open below today's close, prv short, BO below bar101 low, BM,rev, BM short