Yes, Envelopes indicator can but will fail like all indicators can when the market changes. Higher TFs rule. It's good for swing trades but have rules for handling trends/break outs. Learning PA and S/R levels work best.
Good Luck.
Cheers
Good Luck.
Cheers
DislikedI've found a perfect indicator for me, envelopes, mostly used in 5min timeframe. It fails only during the high volatility occurs. Combined with macd and adx its really helpful all this.Ignored