|Using Cycle Trading Patterns to Buy Bottoms & Sell Tops in the Direction of Trend and at Trend Reversals
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Although the 5DS and 10DS oscillators have both turned down, the market is still in an uptrend as last week's highs exceeded the high of the previous week to form a swing bottom. The energy is up. This weekly cycle top could be followed by a sharp downmove into the primary cycle low. A purchase of out-of-money puts as prices test 1370 could bring multiple profits.
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