Disclaimer and risk disclosure
The short version. This site applies signal processing to financial time series and shows cycles and possible future turning points. It does not trade, gives no trading signals and is not investment advice. Past turns are located with hindsight, using data that came after them, which is impossible in real time, and projected turns are extrapolation, not prediction. Any financial decision is yours alone: do not rely on this site as its basis.
1. No investment advice general information only
The content of this site is provided for general informational and educational purposes only. It does not constitute, and must not be relied upon as, investment advice, financial advice, trading advice, tax advice, legal advice, or a recommendation, offer or solicitation to buy or sell any security, derivative, digital asset or other financial instrument. Nothing here takes account of your objectives, financial situation, knowledge, experience or needs. Consult an appropriately licensed professional before making any investment decision.
2. Not a regulated firm
The operator of this site is not a registered investment adviser, broker-dealer, futures commission merchant, commodity trading advisor or financial institution in any jurisdiction, and is not authorised or regulated by any financial regulator. No client, advisory or fiduciary relationship is created by your use of this site.
3. Hindsight and provisional turns the most important section
The cycles, turns and strength measures shown on this site are the output of a mathematical analysis of past prices. They are not the record of any account and not a trading system, and no representation is made that anyone acting on them would achieve any particular result.
- Past peaks and troughs are located with look-ahead: the analysis uses data from after each turn to decide where that turn was. In real time that information does not exist, so past turns look cleaner and better timed than anything that could have been seen on the day.
- The most recent turns (in the last half-cycle before the last bar) are provisional and may move or disappear as new data arrives, and every figure that depends on them can change.
- The typical range of a cycle is built from cycles cut at turns located the same way, with hindsight, so over past dates it fits better than it could have on the day.
- The cycles shown are chosen by how strongly they stand out in this same data. A measure chosen on a dataset flatters itself on that dataset.
4. Projections are not predictions
Anything drawn as a dotted line, shown as a shaded band or box after the last bar, described as projected, or labelled with a future date is an extrapolation of the measured cycle beyond the last available price. It is arithmetic, not a forecast of the market. Markets are not periodic, cycle lengths drift, and a projected turn may be early, late, or may not occur at all. The timing of projected turns comes from further processing of the same series, and any window or ± shown around a projected turn describes how early or late such turns have typically come (measured from past turns; the windows of later turns are estimated, not measured) — it is not a promise about any future one.
5. Past behaviour
The past behaviour of a price series, or of any cycle measured in it, is not indicative of and gives no guarantee of its future behaviour.
6. Risk of loss
Trading and investing in securities, derivatives, futures, foreign exchange and digital assets involves substantial risk of loss and is not suitable for every investor. You may lose some or all of your capital, and with leveraged or short positions you may lose more than your initial deposit. Only risk capital — money you can afford to lose entirely — should ever be used.
7. Data
Market data is obtained from third-party providers and is supplied as is, without warranty of accuracy, completeness, timeliness or fitness for purpose. It may be delayed, adjusted, revised, incomplete or wrong. It is not real-time and must not be used for execution. Prices are end-of-day and adjusted for splits and dividends where the provider supplies such adjustments, which changes historical figures. Data is licensed for display on this site and may not be redistributed, resold or extracted in bulk.
8. No warranty
This site and everything on it is provided on an “as is” and “as available” basis without warranties of any kind, express or implied, including merchantability, fitness for a particular purpose, accuracy and non-infringement. Calculations may contain errors. The site may be unavailable, interrupted or out of date at any time, and figures are refreshed on a schedule that can fail without notice.
9. Limitation of liability
To the fullest extent permitted by law, the operator of this site shall not be liable for any direct, indirect, incidental, consequential, special or exemplary damages, or for any trading losses, loss of profit, loss of data or loss of goodwill, arising out of or in connection with your use of, or reliance on, this site or its content — whether or not such loss was foreseeable. You use this site entirely at your own risk and are solely responsible for your own decisions. Where the terms of service (section 8) say something different, the terms of service apply.
10. Positions and conflicts
The operator of this site may hold positions in instruments displayed here, and may buy or sell them at any time without notice or disclosure.
11. Jurisdiction
This site is not directed at any person in any jurisdiction where its publication or availability would be contrary to local law or regulation. It is your responsibility to satisfy yourself that your use of it is lawful where you are.
12. Third-party links
Links to third-party sites are provided for convenience only. Their content is not endorsed, controlled or verified, and no responsibility is accepted for it.
13. Changes
This notice may be amended at any time; the version published here is the version in force. Continued use of the site constitutes acceptance of it.
14. Contact
Questions about this notice or the site: [email protected].