The Dollar
The dollar broke above the day 7 high on Tuesday. A new high on day 14 shifts the odds towards a right translated daily cycle formation.
However, the dollar formed a swing high and closed below the 10 day MA on Wednesday to set up a possible daily cycle decline. Then the dollar formed a bullish reversal off of the daily cycle trend line on Thursday. If week 13 was an early intermediate cycle low then the dollar should deliver bullish follow through and go on to break above the 50 day MA. But a break below the daily cycle trend line would signal the daily cycle decline and a continuation of the daily downtrend.
Stocks
Stocks closed above the declining trend line to confirm the new daily cycle.
On further consideration, I believe that we should default to protocol to label day 21 as the daily cycle low, since it is the lowest point following the day 16 peak. However, day 10 will still be used as our stop. This is the 3rd daily cycle for the current intermediate cycle. Since intermediate cycles are typically comprised of 2 – 3 daily cycles, we need to be aware of a possible left translated daily cycle formation to this daily cycle that would send stocks into their intermediate cycle decline. Stocks are in a daily uptrend. They will remain in their daily uptrend unless they close below the lower daily cycle band.
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Cycle Trading 
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