Minor Opportunity

The Miners formed a swing low on Thursday.

The Miners printed their lowest point on Wed, day 25. That places them in their timing band for a DCL. So Thursday’s swing low potentially signals a new daily cycle.

The Miners are in a daily uptrend. Since a swing low formed above the lower daily cycle band that indicates that the Miners remain in their daily uptrend. It also triggers a daily uptrend buy signal

However, the Miners are up against triple resistance in the form of the 10 day MA, the 200 day MA and the declining trend line. Therefore close above this triple resistance area will confirm a new daily cycle and confirm the daily uptrend buy signal.

One response to “Minor Opportunity”

  1. […] above chart was from Thursday’s report where we discussed how we wanted to see a close above the triple resistance of the 10 day MA, the […]

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