Nice example of JM Hurst's nominal model kinda holding up in modern times with the 20 and 40 week waves occupying the bandwidth they did several decades ago.
Here we have an extremely cyclical market via $URA in the Uranium sector. A cycle around 16 weeks is highly dominant over the last 2.7 years or so, currently forming it's latest trough.
Here we have an extremely cyclical market via $URA in the Uranium sector. A cycle around 16 weeks is highly dominant over the last 2.7 years or so, currently forming it's latest trough.
I am actually working (yes it's Saturday!) on that as we speak. I will want to have a readout of dominant cycles across larger timeframes, their phase, score and so forth to form a larger 'market bias' picture. This as a guide to the user as to which current (smaller) timeframe trades to possibly enact
Keen eyes will note the modest power around 80 weeks, this is notionally the '18 month nominal wave' from the model although it could easily be swapped out for noise.
Here we have the JM Hurst '40 week nominal wave' over the last 8 years. This and the 20 week really the only consistent cycles at this time scale from his nominal model.
The 40 week has certainly dominated over the last 5 years or so during the larger uptrend
@jurkaeth Here's the 60 and 80 day across a few crypto markets. My theory is that base:0xe4b20925d9e9a62f1e492e15a81dc0de62804dd4 apes the stockmarket 80 day more.
Overlay the original JM Hurst 'nominal model' (green lines) to examine the efficacy of the framework several decades on. Here the 20 and 40 week wave in the S&P 500 align closely.