Cycle trading: Miner confirmation

LikesMoney Independent Analyst

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.

Author

LikesMoney

Independent Analyst

Assets (such as stocks, gold, and the dollar) have identifiable cycles.

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