Analysis and Trading based on Envelopes, Waves, Cycles
- #14,537
- Feb 3, 2025 12:25am Feb 3, 2025 12:25am
{quote} Hi Klausi, I interpret that break of the VTL as an indication that the CMA32 has turned down. I suspect price has paused at the VTL for CMA128 and if it breaks that the white CMA128 envelope will have turned down too. If so we'll get something like the image below. Then we'll have to watch and see how price responds at the aqua CMA256. {image}
with light blue as i see it. But over the long term the target should still be something around 125k ish.
Stick to the plan!
{quote} Hi Terry. I think your analysis can be good come true. Another thing speaking for it ist that price is forming a "M" aka double top. I in my chart i didn`t see the break of the vtl 32 yet. I marked it with a red square( in my eyes this pin dont qualify for a vtl) and the 32 envelope extension with light blue as i see it. But over the long term the target should still be something around 125k ish. {image}
- #14,540
- Edited 4:04am Feb 3, 2025 1:51am | Edited 4:04am
- | Joined Feb 2022 | Status: Trader | 515 Posts
What happened
From January 20 to February 03?
The downward crossing of the 45mn curvilinear channel (OrlineCCurv45mn)
From OrLineHigh to OrLineLow
---
Edit:
BearTrap
https://www.forexfactory.com/thread/...7#post15136387
Edit
What can we deduce from this, what can we predict?
The bearish crossing of a CCurv_45mn in two weeks is not frequent.
The bearish crossing of a CCurv_1mn in a few hours is usual.
Better than predicting, monitor (from 1mn to xx mn) the propagation.
Edit / monitoring
La propagation baissière se poursuit sur le 1mn.
The bearish trend continues to strengthen on the 1-minute chart.
The lower propagation continues on the 1mn.
Edit / monitoring
Edit / monitoring 1mn
From January 20 to February 03?
The downward crossing of the 45mn curvilinear channel (OrlineCCurv45mn)
From OrLineHigh to OrLineLow
---
Edit:
BearTrap
https://www.forexfactory.com/thread/...7#post15136387
Edit
What can we deduce from this, what can we predict?
The bearish crossing of a CCurv_45mn in two weeks is not frequent.
The bearish crossing of a CCurv_1mn in a few hours is usual.
Better than predicting, monitor (from 1mn to xx mn) the propagation.
Edit / monitoring
La propagation baissière se poursuit sur le 1mn.
The bearish trend continues to strengthen on the 1-minute chart.
The lower propagation continues on the 1mn.
Edit / monitoring
Edit / monitoring 1mn