Using Envelopes is the best system :
You can classify and hierarchize
Waves
Cycles
M and W patterns
Harmonic Patterns
as long as you do not classify and hierarchize these representations of Price Action :
- your Analysis is flawed
- your Trading decisions are flawed
moreover using 3 Envelopes you can observe the eventual "propagation" = when a Wave becomes a Wave of higher degree, nature, order
You can classify and hierarchize
Waves
Cycles
M and W patterns
Harmonic Patterns
as long as you do not classify and hierarchize these representations of Price Action :
- your Analysis is flawed
- your Trading decisions are flawed
moreover using 3 Envelopes you can observe the eventual "propagation" = when a Wave becomes a Wave of higher degree, nature, order
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