Miner Consolidation

LikesMoney Independent Analyst

The Miners declined into a failed daily cycle low in mid-November that has the potential to also be the yearly cycle low.

Since printing the failed daily cycle low in November,, the Miners have been consolidating the sell-off. Which is somewhat similar to how the Miners formed their yearly cycle low last year.

Back in 2015 the Miners declined into a failed daily cycle low in mid-November, which looked potentially to be a yearly cycle low. And like this year, after printing the Mid-November daily cycle low in 2015 the Miners consolidated the sell-off.

If the bottoming process this year continues to resemble the 2015 bottoming process then the Miners may still print one more final lower low before emerging from its yearly cycle low.

Author

LikesMoney

Independent Analyst

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

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