Analysis and Trading based on Envelopes, Waves, Cycles

Thanks, will give a go

Possible double bottom in Voltas:

Titan: double top formed ?

SL taken !! Price moved up

thanks to js497 for reminding me to revisit Bickford. thanks to parisboy for introducing me to Bickford.

SP 500 Weekly

You are welcome Fomoslav

Thanks for your chart which will allow me to underline (again) the key points IMHO

a) Elliott has NEVER given us a RATIONAL definition of what is a "Wave"
b) Hence later Arthur Merrill tried to organize and rationalize the use of Waves using % or absolute Moves and classifying "Waves" as M or W Waves building 16 different patterns
c) Bickford and Archer later using computers showed that the greater the amplitude of a "Wave" the less operative patterns you get structurally. Meaning to trade and analyse the market you just need to master and manage a handful of patterns. Bickford and Archer tests and analyses were made on 20 millions ticks of the EURUSD.

Anyway all that is confusing because of the lack of precise definition of " WHAT IS A WAVE" ?

As for myself I stick to Hurst's definition of a Wave :

One Leg (or Swing ) Up AND one Leg (or Swing ) Down = A WAVE

According to Hurst Definition the Bickford -Archer chart you posted is NOT a Basic 4 Waves Cycle

BUT

a Cycle of the Same Wave (Same Period, Same Amplitude)

because the definition of a Cycle by Hurst is " a Cycle is the REPETITION of the SAME Wave (123, 345)

- No Repetition, No Cycle

Note on your Chart (and on the Example of Bickford-Archer) the importance of the UNDERLYING TREND when UP or DOWN (1-5 on Bickford-Archer Chart)

In an Up or DownTrend, depending of the slope, the effect of the Underlying Trend on Price Action goes from 50 to 85 % of the Measured Move

This has to be compared with what Hurst wrote " only 23% of Price Action can be "measured as "cyclic" 75% is due to Long Term Fundamental - labeled Sigma-L

How to graph a Price Wave according to Hurst in the Cyclitec Course

Wave Characteristics (Cyclitec Course)

The Key

TITAN Daily (NSE)

Commonality

DWCF / TITAN / SP 500 / NASDAQ

AAPL, IBM,

EURNZD Daily

Double top gone horribly wrong :-)

Possible focal point with upside move for Unilvr:

Follow through for Unilvr: