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Assets (such as stocks, gold, and the dollar) have identifiable cycles. The foundation of cycle analysis is that each asset (price series) has a typical timing band, measured in days, weeks, and months for which it rallies and then declines into a cycle low. Cycle analysis attempts to develop a dynamic framework of expectations. The interaction of the daily cycles with the weekly cycles help to provide a directional bias from which to base trades, thus steering traders away from low-probability situations to higher probability set-ups.