Analysis and Trading based on Envelopes, Waves, Cycles

SHORT fOLLOW UP

Closed short position

lunch time

BTCUSD 1 mn

Opened Long Position on Double Top

Stop Loss above the last Higher Top

VANECK ETF GOLD Daily

Envelopes

Courtesy of David;.F (Sigma-L)


https://www.sigma-l.net/p/vaneck-jun...h-150day-cycle

VANECK GOLD ETF Daily

"Duelling Pitchforks"

GBPUSD Daily

Courtesy of David;.F (Sigma-L)

https://www.sigma-l.net/p/gbpusd-22n...-145-day-cycle

Courtesy of David;.F (Sigma-L)

https://www.sigma-l.net/p/sprott-phy...y-56-day-cycle

BTCUSD 1 m,

Short Follow Up

As for now the Underlying Trend is Flat / Slightly Down (Slope -4°)

Hence we are in a "Cycle Mode" , meaning that Dominant "Cycles (in fact Waves are obvious and easy to identify).

BTCUSD 1 mn

Short Following

BTCUSD 1 mn

Channel Slope is slightly Down - from -5° to -7°

BTCUSD 1 mn

Short Follow Up

Note the the Lower Boundary of the "Pitchfork " as a Support Line

Pyramiding on the Break of the Support Line

So does it mean that now downtrend is starting and will last for 56 days and then again uptrend will start after 56 days?

short follow-up