Quote from BenzMercedesSL:
No.
The point 2 of the trading fractal can be inside the prior parallelogram of the same fractal. I saw this in many annotated charts from Jack Hershey's students.
Students are encouraged to make mistakes. You are making one as well.
If you were being helpful (I'm not), you would have posted clean page four which contradicts you stated mistaken belief. So go get clean page four and reason through your error.
To all students: keep making mistakes and post them so you can learn from your mistakes more rapidly.
The very neat thing about the PEP system and its applications is that each is totally complete in its system composed of a structure, process within the structure and the explicit results achieved by the process carried out within the structure.
You are an older detractor just trying out a new name.
Snake eye is a person who does not do purposedful orderly work by his personal choices; so he is learning repeated failure. As, you do also, both have a "fixation". I require a group of fixated people to be able to make significant and explicit points.
Consider the following basic truths that integrate into a whole system. Try your best to find another such holisitc system that applies to markets.
The simplest container of price is a parallelogram.
It requires three points and proves when a trend is complete.
A trend always begins upon the failure of another prior trend and failure is always is inside the prior trend.
trends nest as intigrated rigid fractals. From finest granularity to a lifetime, there are about seven. Rivers work on a size scale of 10 and no more.
To begin a new trend there is also a requirement to complete the overlap with the prior trend as soon as possible.
Point 2 is as soon as possible and it is after the end of the overlap.
Volume plays a role at each event of signifcance in trends.
There are four sigificant events
Time is NOT significant in trends.
The four significant events the dashes) in trends, per trend, are: P - T - P - T- P
Trends begin and end on Volume Peaks.
There is a one to one correspondence of price and volume events. As a portion about no traders know this.
A beginning of a trend is the end of the prior trend.