After forming a swing high on Tuesday, the Miners delivered bearish follow through on Thursday by closing below the accelerated (dashed) trend line and the 10 day MA. Thursday was day 38, placing the Miners very deep in their timing band for a daily cycle low. So ,closing below the 10 day MA at this late stage signals the daily cycle decline. The Miners should go on to break below the blue trend line before completing its daily cycle decline.
The peak on day 35 locks in an extremely right translated daily cycle formation, giving us the expectation for the Miners to print a higher low. Which means that the Miners should need 1 more daily cycle to usher in the intermediate cycle decline.