The Miners formed a daily swing high on Thursday.
We discussed that Tuesday’s bullish breakout of the mini triangle consolidation was a buy signal for Miners. However they have not been able to deliver any bullish follow through. While the Miners did close higher on Wednesday, they also printed an exhaustion candle. Then on Thursday they formed a daily swing high. Thursday was day 43 for the daily Miner cycle. That places them very deep in their timing band for a daily cycle low. A close below the 10 day MA will signal the daily cycle decline.
Cycle Trading 
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