Quick look at the next possible LOW
PLEASE NOTE the fun and games that the market does on a 2 Dimensional price chart
This chart shows the 175/180 trading day cycle - With cycles you HAVE to calculate the LENGTH, the AMPLITUDE AND probably the most Important aspect the PHASING - the 1st chart below does just that to account for the 3D moves
This chart is not 100% exact, but it is pretty damn good - good enough anyway
The next low comes in DECEMBER'25
This is where it goes wrong on normal price charts
This is the cycle - the vertical lines are the corresponding cycle in the chart above
BUT notice the TIME BARS BETWEEN each cycle - they VARY - this is where it becomes guess work and we don't like guessing in this game/business!
Assuming the current sequence continues, this is the ZONE the static cycle should land within(GREEN and RED vertical lines
This is OK, but its fairly WIDE in TIME and has you second guessing
I appreciate you do not have the cycle software that I do, I just wanted to show you how it looks in the real 2D world we are forced to view price action on
Hopefully you can see why we often get those time counts that vary - my cycle software takes account of part of the 3 Dimensional nature at play
There's nothing wrong with this chart below - We can as shown place the expected min/max cycle timings on as vertical lines or we could place a timing band type Indicator on the chart
One thing is certain, "IF" the cycle continues, you'll get price declining below the 10 SMA into the cycle low and then above the 10 SMA out of it
So if/when you discover cycles - work out the min and max timing over a number of occurrences, that will give you timing bands to work within/watch for a cycle turn point etc
We don't know what type of price moves will follow, you could have straight up/down, laboured swings or even a tired lacklustre sideways move!
Which is why we need trading methods and plans & rules etc and the crucial stop