Thank you for the update , Steffan. Looking at the YM (Dow), the 7/8 has a confirmed Upside of 54368-54409, but the 12.1/13.8 has a confirmed Downside to as low as 51393 I would appreciate your thoughts.
SMC Update 08-31-26
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jlue03475178
Steffen Scheuermann
jlue03475178 said:
Thank you for the update , Steffan. Looking at the YM (Dow), the 7/8 has a confirmed Upside of 54368-54409, but the 12.1/13.8 has a confirmed Downside to as low as 51393 I would appreciate your thoughts.
Similar to the situation on the weekend, when we had the same with @ES. We can either wait for more clarity or make a judgement call based on other factors. I was leaning towards more of an correction, hence decided for the latter. YM has also been the weakest of the big indices throughout August.
adwhartonmd232
Steffen Have you been able to talk with Peter ? Is he still with the opinion we have seen the high with major sell off and not see new high for decades
XXSPOWER127
GREAT SYNOPSIS
Can you look at /NQ AND /BTC too when you can? thanks!
vincent.chan5198
Hi Steffen, Could you please help me to recall what is the range that is used in the projection? I have recalled Peter mentioned that it was a function of ATR. Thank you very much!
Steffen Scheuermann
vincent.chan5198 said:
Hi Steffen, Could you please help me to recall what is the range that is used in the projection? I have recalled Peter mentioned that it was a function of ATR. Thank you very much!
Hi Vincent. We used ATR only in the Statistics module to calculate numbers lie MAE/MFE. The projection size is determined by the market structure high/low since the last confirmed crossing to the opposite side. That distance is added to the minimum possible crossing of the signal line with the continuum for the lower end of the upside projection. And the maximum possible crossing for the upper value of the upside projeciton. For downside proj. its the reverse. Here is an example of what min/max possible crossing means: https://stockmarketcycles.com/indicators/eliades-cycle-price-projections#the-continuum
You can click on a projeciton on the Web App or on the Indicator in TradeStation to show the market structure High/Low used. In TradingView, it is included in the hover information when you mouse the mouse over the icon in the corner of a projection.
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vincent.chan5198
Thank you very much Steffen. That means it is capturing all the projections within the cycle range. Genius boy.
Steffen Scheuermann said:
vincent.chan5198 said:
Hi Steffen, Could you please help me to recall what is the range that is used in the projection? I have recalled Peter mentioned that it was a function of ATR. Thank you very much!
Hi Vincent. We used ATR only in the Statistics module to calculate numbers lie MAE/MFE. The projection size is determined by the market structure high/low since the last confirmed crossing to the opposite side. That distance is added to the minimum possible crossing of the signal line with the continuum for the lower end of the upside projection. And the maximum possible crossing for the upper value of the upside projeciton. For downside proj. its the reverse. Here is an example of what min/max possible crossing means: https://stockmarketcycles.com/indicators/eliades-cycle-price-projections#the-continuum
You can click on a projeciton on the Web App or on the Indicator in TradeStation to show the market structure High/Low used. In TradingView, it is included in the hover information when you mouse the mouse over the icon in the corner of a projection.
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