Cycle Trading: Timing band
|This is week 21, placing stocks in their timing band for an intermediate cycle decline.
Monday was day 11 for the daily cycle. Allowing another 4 – 6 weeks would place stocks in their timing band for a daily cycle low. And — that would bring stocks to weeks 25 – 27, placing them deep in their timing band for an intermediate cycle low. So there is a distinct possibility that the pending decline into the daily cycle low will coincide with the intermediate cycle decline. A left translated daily cycle is required for an intermediate cycle decline. Therefore we need to be aware of the possibility for this daily cycle to left translate and fail. We will watch for a swing high and close below the 10 day MA as a signal for the daily & intermediate cycle decline.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.