Just an item. Typically, I reserve S&R as lateral and/or pennant characteristics. The volume characteristics for these formations are different from long/short channels which are dominated by volume surges (ie. increasing volume) on traverses...
This is normal preholiday friday but not a normal afternoon. My first two years of trading I traded the morning session only. Most of my trades are still done in that area. Occasionally the afternoon will yield some nice trades.