Setting aside the election night volatility that caused the dollar to breach the daily cycle trend line results in day 41 as the daily cycle low.
The dollar formed a swing low on Monday and then closed above the declining trend line on Thursday to confirm the new daily cycle. The dollar closed above the upper daily cycle band on Wednesday, Thursday, and Friday which indicates that the dollar remains in its daily uptrend.
Stocks formed a daily swing low on Monday then closed above the declining trend line on Wednesday to confirm the new daily cycle.
Friday was day 5 for the new daily cycle. Stocks closed above the upper daily cycle band on Thursday and Friday which signals an end to the daily downtrend and to signal a new intermediate cycle.
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