OnLine Cycle Analyst's Seminar - Trend and Price Swings- 25
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weekly cycle bottom above the most recent arrow, the weekly chart has
had higher swing lows. But a drop below 801, the low of the purple setup
bar, will confirm the swing high, which is also forming a double top,
and project a decline to at least 750 for the weekly cycle bottom with
a test of 7 cents possible. The formation of a swing low at either of
these price levels will indicate a probable weekly cycle bottom in the
beginning of a move to the next weekly cycle high.