Cycle Trading

The Miner broke bullishly out of consolidation on Wednesday to indicate that day 31 was the DCL.

The Miners backtested the breakout level on Thursday. Miners are currently in a daily uptrend.  If the Miners form a swing low above the upper daily cycle band that will indicate a continuation of the daily uptrend and signal a cycle band buy signal. A break above 30.69 will form a daily swing low and close below the 30 level can be used as the stop.