Analysis and Trading based on Envelopes, Waves, Cycles

you just divide by 8 the amplitude of your chart - roughly the range between the high and the low you see on your chart (eventually rounded) .
It gives you the "Octave" (frequency, vibration to which your chart Price Action is most sensitive).
As your Envelope is based on the Centered Average 256 you add plus and minus the Octave to build the upper and Lower boundaries of the Envelope.

Shortcut for TradingView : you divide by 4 the Price Range and enter it in the Indicator

R.N. Elliott "Nominal Model" and Hurst vision

David Hickson paper on Elliott Waves and Hurst

courtesy of Time Tells

BTCUSD Daily

BTCUSD 1 mn

Envelopes

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Focal Points

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FLD 32 as PBTFT (Parisboy Trend Following Tool) - more in private exclusive lessons - https://discord.com/assets/567230faa...3630597049.svg

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Short position Opened

Envelopes

BTCUSD 1 mn

Envelopes

You opened short when the price was touching the bottom of the envelope which could have acted as support ?

Ultratech Cement. By the time i noticed, price was at the horizontal blue line. Decent move afterwards:

Further follow through on Ultratech:

ULTRATECH Daily

Envelopes

Sinewave (again)

5 Legs Down Move