Cycle Trading: Miner bullish follow through
|The Miners printed their lowest point on day 17, which was too early to expect a DCL to form.
The Miners formed a swing low last Wednesday and closed higher on Friday. The Miners closed above the declining trend line on Monday to signal a new daily cycle. Then the Miners delivered bullish follow through by closing above both the 10 day MA and the 200 day MA to confirm the new daily cycle. In the Weekend Report I plan to discuss how not only have the Miners begun a new daily cycle, but a new weekly and yearly cycle as well.
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