Cycle Trading: Miner Disappointment
|We discussed yesterday that Wednesday's narrow range day had eased the parameters for forming a swing low. And with the Miners being late in their timing band for a DCL that a swing low had good odds of marking the daily cycle low.
The Miners did delver a buy signal on Thursday by forming a swing low (a stop should be placed below Wednesday's low). What was disappointing was after forming a swing low, the Miners closed lower for the day.
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