Prices rising
above the blue setup bar formed a weekly swing bottom and confirmed the
20-week cycle bottom and the seasonal bottom at the same time. The week
of 11/13 was the 10-week cycle bottom and the downtrend was so strong
that prices were unable to rise above the high of that week. "Swingwise",
prices have declined for seven weeks without having a swing bottom, and
it looks as though this strong downtrend could continue without a swing
forming until after the 20-week cycle bottoms. Such a move could offer
low-risk sell signals against a previous week's high.
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