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midtown

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Posts posted by midtown


  1. If you'd be so kind to clarify: Does it mean that when 11:00 bar (12/21) closes and the Price has formed the lateral (in the attached), one KNOWS that the price will BO that specific lateral in the upward direction and that there's no possibility that the Price may exit that specific lateral downward to finish the non-dominant sequence?

     

    I find it helpful to annotate the traverse. Then, by comparing the results of the sym-lateral which occurs at point 3 confirmation of tape 1, tape 2and tape 3 of the traverse, the difference is apparent.

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