Is it Possible to identify early reversals using 43 period Time cycles?
Oct 21, 2024
It is fascinating to see how accurately Time cycles can predict early reversals on the Nifty Index, in the same way as stocks.
Is it possible to Time the Index? Can we use methods to predict when Index prices will reverse with the exact date and time?
Look at the below chart of Nifty with time cycle applied on 15 minutes time frame chart
Nifty 15 mins chart with 43 period Time Cycle
Time cycle works well to catch early reversals even on shorter time frames like 15 mins, 5 mins. For Nifty, 43 period Time Cycle works extremely well on 15 minutes time frame. As expected, we successfully captured short-term pullback. Prices made low exactly near our cycle on 18th October at 10.15 am and post which Index showed a sharp rise of more than 350 points in a single day.
Next cycle is due by today 21st October at 2.45 pm, one can look out for buying opportunity near the same.
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