[cnms2]

I annotated it as a down channel: built of traverses built of tapes. Volume shows R2R2B2R at traverse level.

[Spydertrader]

Three Different Viewpoints ....

but only one represents the correct answer as provided by the market.

Remember, this isn't about how one 'views' the market, or how a trader 'interprets' the market, or even, about how one 'sees' the market (or any other gradient verbiage). This is about differentiating that which you believe you see, from that which, the market as actually provided.

Whatever a trader believes they see in the chart snippet, must also apply to every other thing on the same fractal. If the solution does not, then it cannot represent the correct answer.

Why something is correct or incorrect represents a far more important thing than simply obtaining the correct answer itself.

- Spydertrader

[rs5]

Option 1 - In a down traverse, does the sequence become r2r 2b 2r 2b 2r.....??

[rs5]

Option 2 - 2 traverse, but how to annotate gaussians??

[innersky]

Originally Posted by Spydertrader »

Take a look at the attached Chart snip from today (08/04/2009) ...

What did the market form?
How do you know?

If you know neither answer ...

How many different ways can you annotate the chart snippet? Test to determine which of those ways represent the only correct method.

HTH.

- Spydertrader

When we look at the first R2R2B2R (13:00-14:00) we think down traverse. However, when price goes through its left trendline, it does so on decreasing volume. This means that we do not have a complete traverse. As such, 14:40 becomes the new pt3.
After our new pt3, we can see a R2R forming, meaning a new faster fractal is forming, that also has to complete. When this fractal finally completes, we can see that it forms an FTT.
At 15:50 price does go through the left trend line on increasing volume, and we have confirmation that the down traverse has completed, and an up traverse has started.

--
innersky

[FJK]

Originally Posted by Spydertrader »

Take a look at the attached Chart snip from today (08/04/2009) ...

What did the market form?
How do you know?

My take. Mine is different from ehorns and romanus'.

Regarding the differences,
Spyder, have you changed something about the coloring functions in Trade Navigator since your PVTools? - my 1330 & 1335 bars are colored differently than yours. I assume we both use Genesis' datafeed..

If my non-dominant tape from the above period is wrongly annotated, I miss R2R2B2R in my pink lateral, hence it is invalid.

[zak]

hi

non-dom down tape r2r2b2r R\
dom up tape b2b2r2b /B
non-dom down tape r2r2b(sub-skinny inside [OB tape])2r R\ for (a fanned) traverse P3
dom up tape b2b2r2b /B

[ehorn]

In the annotation drill snippet (across the first 9 bars) we go:

Stitch
FBP
OB
FTP
FBP
OB

What do we know about flaws?

@ 14:10 we begin moving up:

First bar DBV
Second Bar DBV

Is there something about tapes TO DV?

IBV does show up at 14:20...

How does it form?


If I review the sequences through here - I can only conclude one correct way to annotate this snippet which applies to every other thing on the same fractal.