Thursday, October 24, 2019
Oct 25 2019 outlook
CHART IS 2 YEARS. PRICE BARS ARE WEEKLY.
HALF CIRCLES OVERLAID TO SHOW 3 MAJOR NESTS.
GL TRADERS
HALF CIRCLES OVERLAID TO SHOW 3 MAJOR NESTS.
Saturday, October 12, 2019
Oct 14, 2019 outlook
Late December 2018 (year end) a 9 month cycle beginning low was set. Mid to late May a mid point high ( 4 1/2 months from low late Dec) was reached. Mid May to early Oct is 4+ months (completing the 9 month cycle).
Note: cycle lengths are rarely exact and the 9 month cycle should be 40+ weeks (9 months is 39 weeks - 1 week longer than 9 months). Over time the average for the 9 month cycle is close to 9 months and we need to allow for this.
Good luck traders
Note: cycle lengths are rarely exact and the 9 month cycle should be 40+ weeks (9 months is 39 weeks - 1 week longer than 9 months). Over time the average for the 9 month cycle is close to 9 months and we need to allow for this.
