Quote from Paddler:
I really really wish not to read your stuff.
What is a limit constant? Specifically, what do you mean "OV reaching a limit constant"? Do you mean that both of the extreme ends of an OV have been "set"? If so, your following statement does not make sense to me:
To further your understanding, and from a CW viewpoint, look at all the bars where the last bar Ov doesn't become a limiting constant.
An example of what doesn't make any sense to you, consider learning to monitor and analysis trends using PA only as a starter.
A very typical trend OOE in terms of cases is Xr, FBP, Xr, FBP, Xr and so on.
FBP have second bars that are not measured (by leading indicators of price) since they "squish" into one bar which is the first bar of the FBP pair of bars. The trend becomes: Xr, Xr, Xr; it is the definition of hold in hold/reversal trading.
I put up a pic of the last two bars I annotated a while back. Then I dicussed how this can be used a valuable information. The last two bars were Xr and Xr. The bars are diferentiable in terms of taking the full offer of the market.
For example, it was explained to me that the readers knew that the OP had a bias on Friday. His views are lagging views as has ben pointed out by many.
The last Xr could have been a forewarning in the form of more and powerful information.
Today, Thursday, (07JUN12) within 30 seconds of open, intraday traders went all in short on ES. We all held until the end of the short segment. It was a time when the annotation I put forth here on another fractal was identical to what happened today in PA analysis of CW type traders.
The five minute bar that "bottomed" the ES short was black bar following a series of Xr's. We followed this and reversed using volume analysis on ES. You would get the same answer on a Forex chart using the stand in for volume which I suggested.