Introduction to Cycles
There are quite a few charts that employ the mcm-Cycle toolset. There is a reason:
These Cycles produce impulses similar to an Elliot-wave concept of IMPULSE but more objective and concrete real-time - they are ENERGY BASED and that means that there area two types of energy release:
OSCILLATION (energy dissipation)
IMPULSING (directional energy transmission)
below is an overview of how these constructs work and how they can be useful in trading