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To move the position cursor, drag the blue handle above the envelope.
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To change the length of a segment, drag its right border.
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To adjust the shape of the crossfade between two waves, drag the crossfade lines of the segment. This way, you can change the character of the crossfade from linear to exponential/logarithmic behavior.
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To reset the crossfade to linear, Ctrl/Cmd-click it.
Note
When you hover the mouse pointer over the position cursor, a tooltip displays the time of the wavetable position in milliseconds.