J.M.Hurst suggested that there are certain standard cycles which are universal and can be applied on any asset classes.
Many cycle analysts often complain that cycles vanish without giving prior indication. The major reason being interaction of different cycles of varying magnitude.
The subject might look complicated but it is no different than Elliott wave principle. The major difference is Hurst Cycle analysis helps us to predict time and Elliott wave focuses more onprice. This element of time can help us to forecast the Elliott wave pattern that can form in future. If you understand the logic at one level of degree, identifying and analyzing the cycles at higher or lower degree becomes more mechanical and easy.
As shown in below chart we have applied different cycle on Nifty Daily chart along with Neo Wave which helped us to predict the probable future path. The important part of Hurst Cycle is that if you know that major as well as smaller degree cycles are citing towards probable bottom or top then you can save yourself from making wrong trade. In market “when not to trade is the key to success”.
Anticipated: With the help of this Hurst cycle along with Advanced Elliott wave (Neo Wave) we expected that the rally started from 6650 in the month of May 2014 is probably making Diametric pattern. This pattern consists of 7 legs (a-b-c-d-e-f-g). Near the zone of 7600-7550 in the start of August 2014 we were expecting that wave d of Diametric pattern should complete where our Bottoming cycle as per Hurst cycle was due. As per these counts there was a high probability that Indian Market should resume upward journey towards new life time highs. Price as well as time confirmation clears the chaos and gives higher forecasting ability.
Happened: Nifty moved in lines with the expectation and made new life time high at 7968 on 25thAugust 2014.
See in the below chart how we have applied Hurst Time cycle along with Neo Wave.
Nifty daily chart (Applying Neo wave and Hurst Time cycles)
Nifty daily chart (Happened on 25th August 2014)
So what next from here on?
Join US for the 2 days training workshop to be held on 11th & 12th October in Mumbai on the most advanced concepts of Technical analysis - Neo wave (Advanced Elliott wave) combined together with J.M.Hurst Time cycles – a powerful tool to forecasts Elliott wave patterns using Time cycles – A complete different way to look at market behavior, forecasting and trading!!!
Book your seat now!
Where and when is the course?
The training is at Hotel Grand Sarovar Premiere, Goregoan, Mumbai on 11th-12th October 2014. This belongs to 5 star category having chain of international hotels and the fees are including Tea / Coffee and Lunch.
Registration Fee:
The charges for the Training are Rs. 18000 + 12.36% Service tax. If registered after 20thSeptember 2014 charges would be Rs. 22000 + 12.36%Service tax
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