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rs5

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Everything posted by rs5

  1. Thank you for posting. Your magenta arrows shows very nicely how the volume first contracts at SYM and then red volume is increasing with downmove of the price from 13:00 to 13:20 indicating bias to the down side. (13:00 is not bar 1 of a lateral, but the first bar of a series of flaws that follows it) 13:20 is bar one of the first lateral. And as is expected in laterals the volume becomes smaller across the duration of the lateral. There is a slight surge in volume (slightly larger red volume bar than previous volume bar) as the market tries to push outside of the lateral at 13:35 testing the lower boundary of bar 1 of lateral 1 (13:20 bar), however not power enough to start a directional move and it falls back into another lateral (2), continuing the lateral 1. Encouraged by the lack of power to the downside, market makes a surge to the upside at 13:50 (slightly larger black volume than previous volume bar) testing the top of bar 1 of lateral 1. The next volume bar is smaller even as the high of the previous price bar is tested. So still not powerful enough for a directional move and it falls into another lateral, continuing the previous two overlapping laterals. In both cases, the slight surges of volume at 13:35 and 13:50 are progressively smaller volume bars than the volume bar at 13:20, and volume is decreasing in height indicating that the laterals 2 and 3 are still part of lateral 1. The three overlapping laterals eventually come to a close after the second close outside of the boundaries of of all three bar 1s. What I am not sure of is whether 13:50 is the first close of the laterals as it closed outside of bar 1 of lateral 1, or whether the count starts again after all three overlapping laterals are accounted for. As I was confused, I left all of it on there (lol - location of 1st close, plus kept laterals colors until 2nd closed bar outside all 3 overlapping bar 1s) Any clarification welcomed.
  2. Is that first drawing gaussians with price masked, then with price?
  3. Thank you so much. Isn't gaussian for a down tape have a red gaussian up to lowest point of down tape? Or is that only the case when the down tape is in the dominant direction? Since the down tape here is in the non-dominant direction gaussian is therefore down to lowest point? Is IRV=increased red volume? and is IBV=increased black volume? Thank you!
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