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:
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Pullback is done.
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Good volume today as well.
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No swing in the NAS100USD yet… 1 hour and FOMC meeting. I think no rate hike is coming today.
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We have a swing low.
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The daily cycle is quite mature this is the maximum we are going to get , I’m closing this trade.
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