Attached, please see the YM for the time frame in question. At the point you have marked these 'ftt's, we se now they are a stall (first) followed later by a dip (second). Both of these patterns are the market saying change, which is why we often mistake them for FTT's. However, soon after, we see on the YM failure to break out after our signal of change. Hence, the YM has signaled a change back to the former trend direction. Since the YM leads the ES, we realize very quickly that we did not have an FTT. Only now (because our focus remains on the Coarse Level resolution) do we have problems with mistakenly viewing these 'flaws' as ftt's. Later, as we drop down to lower resolution levels (trees, limbs and leaves) will we recognize that any change signal provides us opportunity for action (and profit).
Hope that helps.
- Spydertrader
