Wouldn't bar #97 in the log (
View attachment 184418) be
P1, as it's accellerating (previous or assigned?) P1?
If not, what could differentiate it from bars #92 P2 to #93
P1 (> P1)?
The above log is associated with
this chart.
It's a good question. Let's look at WCB. The trend begins at bar89 with a BO,T1.
bar90 T1
bar91 T1 repeat
bar92 P2 -> PP2
bar93 P1assigned
bar94 wait
bar95 is an interesting bar. As per Jack if both bars (94, 95) are within the H and L of bar93 then both bars are a wait. My differentiation on this bar is not complete for they still contain uncertainty. Sometimes I've observed this 3rd bar of a lateral to be as Jack says as not measurable, sometimes I see it as a measurable bar due to the geometry of the RTL.
The annotated chart, geometry of price, and the OOE is what I look to to determine the difference. All I know for certain is that during debriefing, a volume sequence will 'fit' better. I might just be making it harder on myself deviating from what Jack has defined. I just see it as exercising more mental agility.
Let's see which one plays out.
If bar95 is not measured then bar96 is a T1.
bar97 P2, (no P1 after T1) this P2 > P1 so it could be Ag. But there's a wait within (which Ag does not have). Aa and Ad have wait's within. Aa is out because that requires the first P2 > P1. Ad is possible and with that EE we need another P1 to present on the next bar.
bar98 T2P, so no Ad, no EE and a continuation of trend.
From here two paths
If bar98 is T2P then short continues with
bar99 T2P repeat
bar100 P1 (per volume element ranges)
bar101 T1/P2, No EE
bar102 P2
bar103 T2P < T1 -> Ab lvbo
If bar98 is BO,T1 then
bar99 BM,rev
bar100 P1
bar101 T1/P2
bar102 P2
bar103 T2P < T1 -> Ab lvbo
An alternative sequence
If bar95 is measured then bar96 is a T1
bar96 shifts to P2, since P2 < P1 this is not Aa
bar97 P2 > P1, which without the wait would be an Ag, so as is no EE
bar98 starts as a T2P < T1, then reverses on the Doji and closes near it's high. BO,T1.
bar99 BM,rev, P1assigned
bar100 P1
bar101 T1/P2
bar102 P2
bar103 T2P < T1 -> Ab lvbo
So even though there are three different sequences, each gets in/out of the trend at early/late cycle points and ultimately all get to the top of the mountain or in this case the bottom of the valley.
Imho, lats, retro, P1assigned, BO,T1's within them and OB's followed by IB's/Lats are the more difficult aspects of the logic to work out. I sense that when integrating the Modrian/Move-Reversal tables, Turns and Trend types to EE's and not relative volume, this uncertainty will resolve into greater clarity.
What supports the effort is to place BM at EE's (opposite price direction) and at P1's and T1's (if the P1 isn't clarifying) at the beginning of the trend segment. The basic idea is to couple the trend segment containers to the EE's.
HTH