Quote from innersky:
While I don't think volume is of any importance here ....
Would you not agree that the snippet I posted above clearly shows that the IBGS volume must be 'rising' (increasing compared to the volume of the prior bar) in order that the lateral be terminated? The fact that this is an overnight 60 min ES is not of consequence.
As a followup to an earlier conversation about whether in fact the statement that an IBGS bar which pierces the border of a lateral will terminate the lateral, consider the attachment below. There is an IBGS bar which does not terminate the lateral thereby rendering a discussion about whether the volume associated with the IBGS has to be rising, moot. I extended the lateral using the black horizontal lines.
The Boolean constraint is violated and therefore we are now in the land of probability which as we both know is to be avoided.