How Do We Know When a Yearly Cycle Low (YCL) is Confirmed?
Let’s unpack how we spot a confirmed Yearly Cycle Low (YCL) using $FFTY as our real-world example. It's like detective work, but for market cycles!🕵️♂️
What Signals a Confirmed YCL?
- Monthly Swing Low
- Close above a cycle declining trendline
- Close above 10 month MA
The Extra Check:
There’s also an indirect check that’s super important:
- First ICL Post-YCL: The first Intermediate Cycle Low after a YCL must hold strong. For instance, $FFTY’s ICL in April 2024 didn’t dip below its October 2023 low, which solidified the YCL confirmation.
What’s Next?
Right now, we’re nearing the end of the first daily cycle post-April ICL. Keep your eyes peeled for an upcoming swing low—DCL is right around the corner.
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