The dollar printed a bearish reversal on Tuesday then formed a swing high on Wednesday to signal the daily cycle decline.
The dollar then rallied on Thursday and formed a swing low on Friday. The swing low on Friday allows us to construct the daily cycle tend line. A peak on day 9 can still result in a left translated daily cycle formation. But a break above the day 9 high would begin to shift the odds towards a right translated daily cycle formation. Since the previous daily cycle running short at only 14 days, the dollar could print a longer daily cycle here.
Stocks printed a new daily cycle high on Friday, day 20.
The new high on Friday, day 20, shifts the odds towards a right translated daily cycle formation. Which aligns with stocks being in a daily uptrend. Stocks will continue in their daily uptrend unless they close below the lower daily cycle band.
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