Cycle Count

Following up on a cycle count, like from this post ->http://www.toddstrade.com/2011/04/symmetry-force-velocity.html

The count may be slightly different from the previous post.  I adjust things slightly but feel it's pretty similar.  The prior Regular/Inverted cycles were within 7-weeks of perfect symmetry.  The current Inverted cycle is within 19-weeks of the previous Regular Cycle count symmetry.  Just a curious observation.

Another fascinating aspect of the current trend; Price magnetized to the Andrews Median Line mid-point.

CL setup reverses

Taking off from the previous post; the long entry never materialized and price broke down further.  A lesson in not being married to a bias.  The long setup was taking place, the trigger never materialized and price rolled over and traded in the other direction, which could have been just as profitable.

The fast line was trying to hold the slow line (read: momentum as price tested marginally lower, 3d criteria setup).  The price pattern showing a descending channel.  The further, steeper down tick in the 3/10macd fast line (daily chart) coincided with the breakdown bar through the descending channel.

CL setting up

Crude weekly/daily time frames look to be setting up a long entry.

Criteria 2c-2d on the weekly (with bullish trend) we would like to see a 3d criteria setup on the faster time frame, which in this case is the Daily (below, right).  A long entry "trigger"would occur when the daily time frame registers a positive fast line reading (turns green, which would be 3a criteria).  Look for momentum and follow-through to confirm.