Another possible double bottom image

Analysis and Trading based on Envelopes, Waves, Cycles

Why this point ?

Analysis and Trading based on Envelopes, Waves, Cycles

PVR follow through: image

Analysis and Trading based on Envelopes, Waves, Cycles

Looks interesting- lets see where the trend goes after the slow down

Analysis and Trading based on Envelopes, Waves, Cycles

Looks like PVR bottomed: image

Analysis and Trading based on Envelopes, Waves, Cycles

Follow through for Unilvr: image

Analysis and Trading based on Envelopes, Waves, Cycles

Possible focal point with upside move for Unilvr: image

Analysis and Trading based on Envelopes, Waves, Cycles

Double top gone horribly wrong :-) image

Analysis and Trading based on Envelopes, Waves, Cycles

SL taken !! Price moved up

Analysis and Trading based on Envelopes, Waves, Cycles

Titan: double top formed ? image

Analysis and Trading based on Envelopes, Waves, Cycles

Possible double bottom in Voltas: image

Analysis and Trading based on Envelopes, Waves, Cycles

Follow through on Unilever: image

Analysis and Trading based on Envelopes, Waves, Cycles

IS that a double top ?

Analysis and Trading based on Envelopes, Waves, Cycles

Hindunilvr- notice the 2 attempts to do stop hunt after the signal candle: image

Analysis and Trading based on Envelopes, Waves, Cycles

Follow through of HCL Tech after double bottom...

Analysis and Trading based on Envelopes, Waves, Cycles

Thank you. I was wondering if there is a pattern here in intraday trading eg 3 intersections followed by FP5 then 2, 3 etc. Will try and observe.

Analysis and Trading based on Envelopes, Waves, Cycles

One question was on the reason you count the number of averages moving through the FP. Is there a relevance to 3 pt vs 5 point ? I usually see that 5 FP is for a bigger wave but not much otherwise. Thanks

Analysis and Trading based on Envelopes, Waves, Cycles

Wow !! The way you analyze..... the chart looks very different with your comments on it :-) Thanks

Analysis and Trading based on Envelopes, Waves, Cycles

possible upmove in HCL Tech from double bottom. Not very hopeful here since the MAs are facing down: image

Analysis and Trading based on Envelopes, Waves, Cycles

After two failures - now following double top downside: image

Analysis and Trading based on Envelopes, Waves, Cycles