Quote from ProfLogic:
My mentor was a HUGE Gann fanatic and cycle nut. He studied cycles for over 25 years before he took me under his wing. He was constantly trying to find a unified number or average where he could find the averages number of bars in a cycle.
What I first confirmed and then discovered was that every chart is made up of cycles but that there is NEVER a consistent or repetitive number of bars in any cycle. It didn't make a difference whether the bars are created using Time, Ticks, Volume, Range or an other variable way of building a bar there was NEVER a consistent or repetitive number of bars in any cycle or cycle group (regardless of group size).
What was perfectly consistent was the fact that every chart cycled . . . over and over and over without end. I discovered that if this were the case then I needed to find a way to confirm when each cycle top and each cycle bottom had completed. If I could confirm ALL cycle tops and bottoms then I could ALWAYS determine immediate price direction. I later found a way, using the same confirmation process, to determine directional strength as well. With these two tools, I've been able to build a highly consistent way of reading any chart and extracting profit from it