again the cycle indicator is not perfect by any means, just like
any indicator - but it gives an Elliot Wave like analysis and it's
very useful when you see price perfectly responding to those cycles
because it confirms you are in a consolidation pattern - and once
it breaks the cycle - you know that the consolidation is over and
to expect a trending type of move- nice tool
again the cycle indicator is
today is Demark 9 on daily QQQ
Posted by matt on 17th of May 2023 at 10:12 am
again the cycle indicator is not perfect by any means, just like any indicator - but it gives an Elliot Wave like analysis and it's very useful when you see price perfectly responding to those cycles because it confirms you are in a consolidation pattern - and once it breaks the cycle - you know that the consolidation is over and to expect a trending type of move- nice tool
Matt, thank you! I am
Posted by junkie on 17th of May 2023 at 10:20 am
Matt, thank you! I am well familiar with the concept. Mine works on 3 different time frames, while yours is straightforward.