NDQ Harmonic Elliott Wave and Hurst's Cyclic Analysis
Overview:
Let's review the key points of the previous update (October 29th):
Update:
Analysis of the Structure:
We are in wave (b) of y of 2 developing as a flat. I think we will peak on Tuesday at 15288.65.
Analysis of the Cycles:
We have started the second 80D cycle of the current 20W cycle.
Some important dates to remember:
Let's review the key points of the previous update (October 29th):
- Wave IV of (c) of y of 2.
- A week of bearishness as wave V of (c) of y.
- In the last 5D cycle of the first 80D cycle of the current 20W cycle.
- November 2nd is 80D cycle trough.
- A strong bullish bounce out of this trough.
Update:
Analysis of the Structure:
We are in wave (b) of y of 2 developing as a flat. I think we will peak on Tuesday at 15288.65.
Analysis of the Cycles:
We have started the second 80D cycle of the current 20W cycle.
Some important dates to remember:
- 20D cycle trough: 13th to 14th of November.
- 40D cycle trough: 28th of November to December 1st.
- 20W cycle trough: first week of January 2024.
