This type of cyclical analysis reveals the MARKET-ANGLE in a potential rally to the upside; the angle is derived from the bottom Major Cycle Channel.
The steeper the angle the greater the tendency for a market to rally/decline rapidly.
Major Cycle Channel derived from bottom in Green
Parallels in Blue
The steeper the angle the greater the tendency for a market to rally/decline rapidly.
Major Cycle Channel derived from bottom in Green
Parallels in Blue
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.