Analysis and Trading based on Envelopes, Waves, Cycles

Quoting OAPDave

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Alain do you think these envelopes are acceptable for the Dax ? if so what now ? {image} {image}

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Quoting OAPDave

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Dax Live {image}

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Quoting parisboy

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{quote} Dave, notice the Synchronicity between DOW and DAX Price Action {image} {image}

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Quoting OAPDave

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{quote} Yes but still fumbling in the dark, without my own stuff to lean on, but giving it ago

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Quoting OAPDave

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Would I expect a little resistance at the 128 outside envelope as it could also match the 256 centre line ? {image}

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Quoting parisboy

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{quote} Excellent remark Dave. This kind of confluence reinforce the strength of this confluence Zone acting as Support or Resistance depending of the direction of Price Action

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Quoting OAPDave

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Would I expect a little resistance at the 128 outside envelope as it could also match the 256 centre line ? {image}

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Quoting parisboy

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{quote} An example of confluence on the Dow {image}

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Quoting OAPDave

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{quote} Morning Alain, Not to sure were to mark the chart up from ? {image}

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Quoting parisboy

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{image}

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Quoting OAPDave

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{quote} That was a little weird as I did not see your chart before I posted mine (post 1,653), also something is not quite right even if my Envelopes width is different the centre lines should have been pointing in the same direction as yours {image}

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Quoting parisboy

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{quote} Dave as you know Envelopes are lagging. Hence a sudden Up or Down move at the level of the Envelope 32 TU (blue) cannot be anticipated. But Envelopes limits and Centered Moving Averages 128 and 256 can be used as successive Targets and Support or Resistance. When broken it gave us indication on the strength of the move {image}

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