ΣL Cycle Summary
Although some volatility has crept into the excellent cycle around 90 days of late, courtesy of high frequency power (see burst around 30 days below!), this wave is still fairly stationary and just about qualifies for a ‘C’ category rating in our system. Overall, price has grinded sideways for a couple of years now with this feature defining the price action within the consolidation. Worth noting and trading with the anticipation of increased volatility to the upside during the forthcoming up leg.