Cycle Trading

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ACB formed its 2 previous yearly cycle lows at 18 and 14 months respectively. October is month 14 for the current yearly cycle and ACB is forming a bullish monthly reversal off of support from the 50 month MA. A monthly swing low will signal that the new yearly cycle has begun.

The intermediate cycle for ACB has been running 18 – 25 weeks on average. ACB is in the process of forming a bullish weekly reversal off of support of the 200 week MA. It certainly appears as if ACB is forming an early ICL. A weekly swing low and break above the declining 10 week MA will have us label week 17 as the ICL.

ACB has been printing DCL’s every 19 – 32 days. ACB printed a bullish reversal on Wednesday, day 24. That places ACB in its timing band for a DCL. It then followed up with forming a swing low and closing above the declining daily cycle trend line on Thursday, which signals a new daily cycle. A close above the 10 day MA will have us label day 24 as the DCL.

With confirmation of a new daily cycle, it makes it quite likely that week 17 marks the ICL which means that ACB will be beginning a new yearly cycle.