Wave Cycles for MT4 Identifies cycles derived from every major high and low and automatically paints them on the chart for you. The ANGLE of the cycle gives you a roadmap into the future as to what type of move one can expect. The steeper the angle the greater the tendency for a market to rally/decline rapidly.
@BorislavGotsev, I have drawn cycles on the chart, they shows you the angle of the market and also where support/resistance is.
Right now we are encountering resistance but the angle of the market is pointing upwards very steeply, if market continues making higher high and breaking out to the upside on the monthly chart, then we can expect market to continue in the angle of the cycles.