Cycle Trading

The status of the daily Miner cycle remains uncertain.

Day 36 is the lowest point following the day 29 peak. The Miners did form a swing low and also closed above the 10 MA to signal a new daily cycle. But they have not delivered convincing evidence that day 36 was the DCL. The only clarity that we have is that the Miners are in a daily uptrend. However, a close below the lower daily cycle band would end the daily uptrend and indicate that the Miners have begun their intermediate cycle decline.