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Cycle Trading

Reversal Time

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The bearish follow through today confirms the dollar’s daily cycle decline.

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With a daily cycle count of day 11, the dollar could see up to 3 more weeks of downside.

The Miners printed a massive bullish today.

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Today’s huge reversal occurred deep in its timing band on hugh volume. It also delivered a declining trend line break to signal a new daily cycle. A break above 22.16 forms a swing low and confirms a new daily cycle.

4 responses to “Reversal Time”

  1. Adrian Thomas Avatar
    Adrian Thomas

    What sort of cycle is Oil running on at the moment?

    Just keeps sinking lower and lower – no reversal here

    Reply
  2. likesmoneystudies Avatar
    likesmoneystudies

    Oil is in the grip of not only an intermediate cycle decline, but a yearly cycle decline.
    But oil is in the timing band to print both an intermediate cycle low and a yearly cycle low.

    Reply
    1. Adrian Thomas Avatar
      Adrian Thomas

      Thank you – interesting it doesn’t react to the falling dollar.
      How long has it been in the timing band for an ICL and YCL?

      Reply
      1. likesmoneystudies Avatar
        likesmoneystudies

        Maybe because it was sniffing out a pop in the dollar today…

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