SCTwithSCT

[ocean5]

Asian session(06/08/12) - two legs - up and down from the opening.

 

[ocean5]

Lats consolidaiton - continuation id down channel.

 

[ocean5]

Lats consolidaiton - continuation id down channel.

Volume is changing color so BO is anticipated.But not enough of a peak to follow the Bo,so it could be FBO as well.

 

[ocean5]

Lats consolidaiton - continuation id down channel.

New point 3 is established,sentiment changes at the RTL - mixed volume signals.

 

[ocean5]

Another new P3 became FBO since volume could`t keep up.Anticipate futher down move.

 

[ocean5]

New P3 is established after FBO - FBO>>Lats>>NewP3.FTT is anticipated.

 

[TIKITRADER]

Brother Ocean, nice work

 

[ocean5]

Another FBO and the new P3 is established(this is the intrabar desition) with the following Lats.European market is open and i anticipate flat Lats movement for an hour or so.This is missed from the chart this is on my opinion.

 

[ocean5]

Quote from TIKITRADER:

Brother Ocean, nice work

Thanks Tiki.

 

[ocean5]

So far i wont hurry and continue with 30 min display EOB analysis.Tips and hints from more advanced SCT users are very welcome!