Tuesday 29 January 2008

Hilbert Sine Wave Cycle Turn Near

Hilbert sine wave cycle turning point finally approaching. My primary swing trading time frame is the 135 minute Emini chart (exactly 3 bars per day). Back at the beginning of January, the Emini broke below the last cycle low turning point - signaling the start of the last down trend move.

Emini Hilbert Sine Wave Image

Hilbert Sine Wave (Emini 135 minute)

The Hilbert sine wave indicator has now crossed - signaling a cycle top is close by. This pattern of retracing into a cyclical turning point after an extended trend move is very consistent. I have likened it to an Elliott Wave 4 to 5 pattern before. In addition we appear to have distribution volume today with resistance around the 1,370 level.

Click here to read more about the Hilbert Sine Wave. Good luck with your Emini trading.

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