and yes, I pretty much agree with your bar descriptions, although in the real world, bars do come in some different shapes and sizes, so you need to be a little flexible.
That first bar called stopping volume that closed on its lows, does not really meet the criteria for stopping volume, I think the software just saw the very large increase in volume, and decided that if there was any hidden buying in all that volume, it would respond higher and confirm the bar....it didn't.
And the shakeout was still on high volume, and the software probably saw the reduction in spread compared to the previous bar, along with the high volume, and close (a little) off the lows.
Yes it is not a perfect shakeout, and I probably wouldn't have called it for a shakeout, but there was a suggestion some buying or support might have come in (but there was no confirmation anyway.......so it doesn't matter.......).
I actually left those indicators on, to show how the computer program is not perfect (because a few of the guys were thinking of purchasing it), it makes mistakes regularly. That said, I did have the live bar analysis on (which I prefer), but if I switch to partial bar analysis (which only shows the indicators for confirmed bars, then all of the green triangles disappear, except for the shakeout bar......I don't know why......
