Hurst cycle fans know that a deep enough drop will resync cycles and cause a period of cyclic alignment where you get a powerful move up. While we haven't had one on longer term cycles, the cyclic compression (yellow circles) have probably created a cyclic alignment similar to a drop with a "V" recovery.
The rightmost circle has the short (blue) and medium term (green) cycles on the 2 hour chart overlapping. This will happen at the beginning of a deep fall (at least using the way I have my cycle envelopes coded) but on our chart prices reversed sharply and strongly which creates a compression of the medium term cycle (in green) and follow through should follow the yellow line i drew, which is a higher low as shown with the red line.
If you have familiarity with harmonics / sine waves then you know in-phase waves are multiplicative in power (Google "Tacoma Narrows Bridge" for example) . Same effect here - we should see a powerful follow through to new highs given the higher cycle low that seems to be developing.
The rightmost circle has the short (blue) and medium term (green) cycles on the 2 hour chart overlapping. This will happen at the beginning of a deep fall (at least using the way I have my cycle envelopes coded) but on our chart prices reversed sharply and strongly which creates a compression of the medium term cycle (in green) and follow through should follow the yellow line i drew, which is a higher low as shown with the red line.
If you have familiarity with harmonics / sine waves then you know in-phase waves are multiplicative in power (Google "Tacoma Narrows Bridge" for example) . Same effect here - we should see a powerful follow through to new highs given the higher cycle low that seems to be developing.