Short Term Trading Member Forum

[techcharter]

JimQH - Wave patterns

It sounds like a triangle pattern to me. How low do you expect the May low to go?

I'm trying Hurst Cycles from a constructivist approach. I use a spreadsheet to plot the market on a graph. Then I create 5 nominal cycles. I can change their frequency, magnitude and phase to get a best fit. So far I had a 90+ corelation for the 100 trading days prior to the March low. Since then the corelation has not been so good. As I recall from previous postings, smaller cycles can end before their next longer cycle completes. That makes it challenging.