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