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Cycle Trading: Mid Week Update - Timing Band

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 31, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The daily equity cycle peaked last week on day 27. A swing high formed on day 28 and then stocks went on to print their lowest point on Thursday, day 29. That placed stocks one day shy of their normal timing band to print a daily cycle low. So while we need to acknowledge a possible day 29 DCL, the next chart we will look at makes me think that Wednesday was day 32 and a daily cycle decline is still imminent. The New Highs have exceeded level of new highs for the past 28 months. Which makes me

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