So I took a look at the current cycles and the 56 bar, (9.38 TD’s) indicates the market should turn tomorrow sometime in the first hour. Considering, the oversold condition, it is almost safe to assume this will be a low.
Moreover, I have also marked two instances of the 59 bar cycle. Actually, these darker instances are only mid point markers which served to pick the high between the actual cycle measures (the wider and lighter lines) Normally I wouldn’t bother explaining these, but the last two occurrences have been lows rather than highs. When cycle timing points reverse, or invert as we say, it is often an indication of a change in the prevailing trend.