Analysis and Trading based on Envelopes, Waves, Cycles

just routine :

3 bearish Envelopes

Stop Loss at the level of the last Top

Entry on break of the Ascending Angle 45° (green)

Closed position + 16 points = 15,625 = parameter of the Envelope 32 TU (blue)

This makes a lot of sense to me. Particularly the 4/8 line being major s/r. I used a very similar idea to estimate how far the trend would potentially go by looking for a major S->R (downtrend) or R->S event (uptrend) along its path. Usually there is a major one coinciding with ~half of the trend.
Cheers,
k

you are right there is a lot of sense in the 50 % retracement practically and as a tool / concept

The Mid-Point / Center of Gravity is the place where you have

- "the return to the mean "
- the Center of Gravity of the Sine Wave
- the Center of Gravity of the Fork (Diagonal Support and Resistance Line)
- the Center of Gravity of the "Fractal of Price" ( Horizontal Support and Resistance Line)

Here the trend is Flat, Neutral

Imperfect but not bad !

Here the Trend is Flat, Neutral

Look at this chart from Alex C

https://www.forexfactory.com/showthr...8#post10774048

Forks
Sine Waves
Division by 8 of the Operative Price Range

Center of Gravity is not Always Horizontal

It depends of the Underlying Trend

Another application of Gann / Murrey Support and Resistance Lines and of the Division by 8 of a Price Range combined with Andrew Forks.

Fact is : It is the same thing

Here the Trend is Bearish

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