According to JM Hurst, the founder of Cycle theory, several cycles tend to bottom simultaneously. Those points should be aligned with important lows on stock price charts.
You can see that every time three cycles (x3 supp) or four cycles bottom (x4 supp) price turns up strongly.
That happens because when a cycle reaches its bottom it immediately turns up and starts pushing price up.
When several cycles turn up in unison their upward pressure gets combined.
This is why tracking points when several cycles find bottom provide lucrative entry points
You can see that every time three cycles (x3 supp) or four cycles bottom (x4 supp) price turns up strongly.
That happens because when a cycle reaches its bottom it immediately turns up and starts pushing price up.
When several cycles turn up in unison their upward pressure gets combined.
This is why tracking points when several cycles find bottom provide lucrative entry points
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Join my Telegram channel: t.me/TheCastAwayTrader
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。