Cycle trading: Miner confirmation
|The Miners closed above the 10 day MA on Monday.
The Miners printed their lowest point last Wednesday, day 49. That placed them deep in their timing band for a daily cycle low. The Miners formed a swing low on Thursday and breached the declining trend line on Friday to signal a new daily cycle. The Miners delivered bullish follow through on Monday be closing above the 10 day MA to confirm a new daily cycle. The Miners also closed back above the upper daily cycle band. Closing above the upper daily cycle band continues the daily uptrend and triggers a cycle band buy signal.
The Miners printed their lowest point last Wednesday, day 49. That placed them deep in their timing band for a daily cycle low. The Miners formed a swing low on Thursday and breached the declining trend line on Friday to signal a new daily cycle. The Miners delivered bullish follow through on Monday be closing above the 10 day MA to confirm a new daily cycle. The Miners also closed back above the upper daily cycle band. Closing above the upper daily cycle band continues the daily uptrend and triggers a cycle band buy signal.
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