The Virus had set the stock cycle quite accurate in the last 2 years.
It seems we have 2 intermediate cycle low in a year:
1. one of them is very severe and it comes at the beginning of the year ( highlighted by red arrow) This is also a yearly low and drops close to the previous year's normal ICL
2020.03.23.
2021.03. 05 .
2022. 01 .24.
2. the other one is "just" a normal ICL (highlighted by blue)
2020.09.21.
2021.10.04.
2022.09....?
The next "normal " ICL will be due only at the end of summer, most probably in September.
So when the ICL is printed you just need start a long position .
The chance is high we printed the lows yesterday. Notice the brutal volume we are having at these lows.
We had a similar setup in 2018 December. After the reversal candle on the next day we had a pullback where you could enter for the next ICL:
Use today's pullback for an entry:
It seems we have 2 intermediate cycle low in a year:
1. one of them is very severe and it comes at the beginning of the year ( highlighted by red arrow) This is also a yearly low and drops close to the previous year's normal ICL
2020.03.23.
2021.03. 05 .
2022. 01 .24.
2. the other one is "just" a normal ICL (highlighted by blue)
2020.09.21.
2021.10.04.
2022.09....?
The next "normal " ICL will be due only at the end of summer, most probably in September.
So when the ICL is printed you just need start a long position .
The chance is high we printed the lows yesterday. Notice the brutal volume we are having at these lows.
We had a similar setup in 2018 December. After the reversal candle on the next day we had a pullback where you could enter for the next ICL:
Use today's pullback for an entry:
Comment:
Swing low in place.
Trade closed manually:
The daily cycle is quite mature this is the maximum we are going to get , I’m closing this idea.
The 1.000.000 $ question will it hold by the close?
There is still a possibility that the market sells off by the close …