Thanks David. Good title.
Last time I did not know about the points here until I used the software hurst cycle.
Here is the M15 eurusd analysis. Can you see the amazing black line. Black line represents cycle. There are 4 points in one cycle. First point and second point determines where is the fourth point. I am waiting for the breakout only. It might be heavy. The last cycle is getting truncated.
My strategy is trading for breakout. I do not trade short term. I can but it is very time consuming. This time could be 7 times entry already to trade long term. Hopefully I can get used to this new software and familiar with the points so I would spend less time sitting in front of computer…
Can you see the cycle timing is matching the amplitude accurately ? Awesome. I also just learned when I purchased the hurst cycle software last few days ago.
How long it should go is easy. It can be calculated by amplitude and verification of timing cycle in 4 hours and m15. To be precise timing, zoom in m15 to know where it would stop.
Software always proposed but we have to verify its count. Awesome. Few years msytery finally all are clear. I think i would further work out on future pattern.
Wasting time only trading minutes. I rather spend time doing analysis and identify where is the turning point.
I have modified the elliot wave but I cannot deny the existence of 5 and 3. Hurst cycle must be adopted to this theory in order to be accurate. Hurst calculation assumes all the amplitude is the same. As we can see the chart ABCDE we can predict. FGH is very hard due to its amplitude is too much different.