The 5 week cycle completed its 5 weeks from the last bottom December 26 and turned up. The 10 week cycle completed a half cycle and topped. That gives us an up 5 week, up 20 week cycle and up 9 month cycle this week. The sum of the cycles should be UP, but the 10 week cycle will moderate the move.
The stochastic RSI indicates a possible near term trading buy (mid week?) See for yourself:
GL traders
Sincerely thank you for your analysis. It is very informative and helpful.
ReplyDeleteIts a great thing to trade in swing trade with a largest concern to make high risk at one point.
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