Analysis and Trading based on Envelopes, Waves, Cycles

I like it very much

after a Double Bottom

XRP Top has been reached according to both Jim's (Hurst and Tillman)

Parisboy quoting himself : " If you do not believe in the existence of Cycles within the Market, you do not need a Nominal Model"

Potential Double Top - Mid-Cycle Dip

As observed by the legendary Trader Terry Pascoe
and some R.N. Elliott at the beginning of the 20TH Century
a 5-Legs Move is a most common one.

it seems we are in for a Double Top

Terry
My Simple Logic

Practising Millard's work on the 1min.

You'll note I'm anticipating a 5 leg move from top to bottom of the orange channel. That would put the FP 1/2 way through the 3rd leg as shown by the orange dot.
This could be wrong but I must wait for the price data to let me know.
Making an educated guess of the position of that FP seems to be the key to success, as that allows you to run the centre line of each channel thru that FP

Below:Slight adjust to keep the FP and centre lines of the channels all running thru the same point

Must stay on your toes though.

courtesy of Mark IV

It seems we are in for an Upmove

Potential entry when CMA 128 (white) will have made its Low
Potential Target SRL (3/8) = 96.484

50% Retracement

opened long position

Using 1, 2, and 3 Standard Devation

ps
I Take No Credit for this Method or Indicator

follow up Long

Dave it is just Translated Parallel MM'sL following a Trend

Yes thats excatly the way I have set it up