Cycle Trading

The Miners broke bearishly out of consolidation the previous week and delivered bearish follow through this week to close below the 200 week MA.

 The peak on week 8, along with closing below the 200 week MA, indicates a left translated weekly cycle formation and the intermediate cycle decline and likely — the yearly cycle decline. A failed weekly cycle confirms the yearly cycle decline. A break below the previous ICL of 26.59 will form a failed weekly cycle.