A sine wave is a geometric waveform that oscillates periodically, and is defined by the function y = sin x.
The sine wave indicator is based on the assumption that markets move in cyclical patterns. After quantifying a cycle, a trader may try to use the pattern to develop a leading indicator. This works extremely well when the market is indeed moving in a cycle.
The sine wave as a technical chart analysis tool is based on advanced mathematics and is designed to indicate whether a market is trending or in a cycle mode. It helps traders identify the start and finish of a trending move as well as possible shifts in the trend.
So the return basically was cut in half and you still used 560%...
Should be cut in 1/2 or even 2/3, if the trend even follows
zbynja
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Very interesting!!
Just maybe your last peak is a little bit too soon, isn it? The previous peaks had 3 and 5 periods form the previous ATH. Wouldnt it point onto number 7? :)