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LOL did make one mistake on the pt1-2-3 drill....the first chart is a downtrend so the pt3's should all be red not black and the second chart is a uptrend so of course all the pt3's should also be black.....sorry for any confusion
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wilddog, I'll give it a shot..have to look close at the small numbers for the faster fractals hth
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JBarnby, thanks for your posts and your commentary. Would you please explain what you mean "when you move everything down one fractal"? Is it going from a tape to a traverse or a traverse to a tape? Thank you for your help
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Hi Monkman, because the market FBO of the down RTL and closed below it, we fan the RTL. We clone a new LTL to the new actual pt2 (not geometrical pt2). When you fan a RTL you cut the previous RTL/LTL. Had you done this, you would have noticed the market again attempted to BO of the new fanned RTL with the FTP on decreasing volume. As Jack says, the second bar of the formation ( this case is a case e formation) is NOT "processed". The next bar (case j...stitch down) attempted again to BO of the RTL but reversed (creating a huge case j trapping a lot of bulls). So annotation wise, the market kept failing to BO of the RTL, so you keep fanning the RTL. hth
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hello J, had a question about your chart dated 10-3. Bar 15:25 is clearly braking the purple containers right TL on increasing black volume and closes strongly outside of it yet you show the volume gaussian as a non dom move. would you be kind enough to explain thanks in advance