2 July 2026 · Field Notes

When a B wave pretends to be a third

A corrective trap we see often in Hang Seng annotation work, and how clinic markup exposes it.

A rising B wave inside a flat can look like a strong third — especially when volume expands into the close.

During corrective intensives we force both labels onto the same print: one in copper for the impulse reading, one in burgundy for the corrective reading. Then we ask which price would kill each story. The room usually goes quiet when the “third wave” invalidation sits only a few handles below the last swing.

If your annotation sheet does not hold both stories for at least one bar of trading, the count is incomplete. Completeness is not indecision; it is preparation.