Firstly: Secondly:
Why do you ignore the annotations on the chart you've attached? I see a pt2 at 1405, and a pt3/pt1 at 1425 ... Better try to get to them ... :)
There may be two traverses here: dominant followed by more-dominant ... :)
It appears that the increasing volume confirmation can be a bar that breaks the lateral boundary and closes back inside it ... :)
I think you got the rules wrong ... But what do I know ...
1. next bar, the red increasing volume 2. it doesn't matter; it matters that's bellow previous bar's low
I guess that's why the Fed screwed everybody raising rates too aggressively, then being to slow to reverse course ... It created the dominos...
First confirmation is one bar earlier, the outside bar ...
First red bar is earlier ... 1400, RTL BO.
You're expecting something that doesn't have to come (next).
:) A traverse can have just 3 bars!!!
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