M Theory Lesson 180
The Bar-Natan paper continues with a definition of chorded braids and an algebra over (bracketed) chord diagrams which satisfies, in particular, the 4T relation.
On strands, the algebra is given by combinations of the bracket symbols as shown. We can represent the 4T relation by paths on a triangle. Note that the terms act on either the left or right by composition, giving a direction to the edges and , illustrated by the red and green arrows. Thus the 4T relation says that the span and cospan diagrams are equal, in some sense.

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