Trouble Brewing

00

The CRB’s daily cycle closed above the lower cycle band on day 5 to confirm a new daily cycle.

99

Today’s close below the lower cycle band forms a swing high and signals the daily cycle decline has begun. That leaves 3 to 4 weeks for the CRB to seek out its daily cycle low.

99 weekly

The daily cycle is primed to form as a left translated cycle and fail. That should continue the intermediate cycle decline. Allowing 3 to 4 weeks for the currently daily cycle to complete takes the CRB to weeks 20 or 21, which is right in the normal timing band for an intermediate low

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s