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The first trading cycle bottom was followed by extreme left translation and the top failed to occur in the timing band at "1". The early November trading cycle bottom was followed by extreme right translation as the trading cycle top occurred to the right of timing band "2", although a sell signal did confirm the top. Prices have recently dropped below the trading cycle bottom in early December, indicating the 10-week cycle top is probably in place, and that prices are likely to drop to a 50 or 60% retracement as the current trading cycle bottoms in early January.

Trough-to-crest timing band #1 is a "bear" band anticipating left translation. Notice that it is not as wide as the #2 trough-to-crest timing band, which is a "bull" timing band expecting right translation.

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