We teach that most markets move 4 to 9 bars in a one direction before turning the other way. They can also extend these cycle count moves.
We have seen 15 to 20 bar moves in what we call big moves too.
But, for this model, early in the cycle count, If we are in cycle count 2 for example, and long the market, we would say that there is room to go up, meaning there could be more bar counts up or down in the same direction.
Past performance is not necessarily indicative of future results.
Next -> Momentum Models
Futures, Options on Futures and Forex trading involves a substantial degree of risk of loss and is not suitable for all individuals. An investor could lose the entire investment or, in some cases, more than the initial investment. Past performance is not necessarily indicative of future results.