HSI 50% Retracement scenario 
Analysis and Trading based on Envelopes, Waves, Cycles
- #8,741
- Edited 5:00am Aug 7, 2022 4:20am | Edited 5:00am
- Joined Oct 2017 | Status: Trader | 12,472 Posts
- #8,742
- Aug 7, 2022 4:29am Aug 7, 2022 4:29am
- Joined Oct 2017 | Status: Trader | 12,472 Posts
BITCOIN 4 H
Head & Shoulders Pattern
Head & Shoulders Pattern 
Head & Shoulders Pattern
Head & Shoulders Pattern
- #8,744
- Edited 5:45am Aug 7, 2022 5:18am | Edited 5:45am
- Joined Oct 2017 | Status: Trader | 12,472 Posts
Let's quote R.N. Elliott himself on Waves and "Channelling" 
Excerpt from The Wave Principle
To properly observe a market movement, and hence to segregate the individual waves of such a movement, it is necessary that the movement, as it progresses, be channelled between parallel lines.
A channel cannot be started until waves numbers 1 and 2 have been completed. In Figure 7, waves 1 and 2 have ended, leaving 3 exposed contacts, or points which stand out alone. The first exposed contact is the starting point of wave number 1; the second exposed contact is the termination point of wave number 1 as well as the starting point of wave number 2; the third exposed contact is the termination point ofwave number 2.
These points, for purposes of illustration, have been designated M, N, and 0. In preparing the channel, a base line should first be drawn between exposed contacts M and O.
Across exposed contact N may then be drawn a line parallel to the baseline, designated as the "upper channel line."
This upper channel line should be extended some distance to the right of N.
When this operation has been completed, the channel will appear as in Figures 8 and 9.
Excerpt from The Wave PrincipleTo properly observe a market movement, and hence to segregate the individual waves of such a movement, it is necessary that the movement, as it progresses, be channelled between parallel lines.
A channel cannot be started until waves numbers 1 and 2 have been completed. In Figure 7, waves 1 and 2 have ended, leaving 3 exposed contacts, or points which stand out alone. The first exposed contact is the starting point of wave number 1; the second exposed contact is the termination point of wave number 1 as well as the starting point of wave number 2; the third exposed contact is the termination point ofwave number 2.
These points, for purposes of illustration, have been designated M, N, and 0. In preparing the channel, a base line should first be drawn between exposed contacts M and O.
Across exposed contact N may then be drawn a line parallel to the baseline, designated as the "upper channel line."
This upper channel line should be extended some distance to the right of N.
When this operation has been completed, the channel will appear as in Figures 8 and 9.
{quote} .. the real operative question is not to have a "grid" whatever grid.
... how do we trade your beloved grid (whatever grid)
It allows a dynamic analysis.
Less than a minute timing or better ticks allows the tracking of acceleration attempts.
It is a very visual mechanism as soon as there is an impulse.
Noise, speed, acceleration,
Or. Saturation
{quote}
oversold/overbought indicator, just an alert to potential short term trend change.
- #8,750
- Edited 5:12am Aug 8, 2022 4:58am | Edited 5:12am
- Joined Oct 2017 | Status: Trader | 12,472 Posts
- #8,751
- Aug 8, 2022 5:03am Aug 8, 2022 5:03am
- Joined Oct 2017 | Status: Trader | 12,472 Posts
{quote} My grid for the envelopes is the ribbons of the CCurv It allows a dynamic analysis. Less than a minute timing or better ticks allows the tracking of acceleration attempts. It is a very visual mechanism as soon as there is an impulse. Noise, speed, acceleration, Or. Saturation
Anyway CCurv are a kind of gauge of the Amplitude of the Swings
Waves have 3 Parameters
Period =Time Factor
Amplitude = Price Factor
Phase = Relative position between Waves
