Cycle Trading

Summary

• Miners formed a swing high and closed below the 10 day MA
• Loss of the 10 day MA signals the daily cycle decline
• Day 13 peak keeps left-translated cycle risk in play
• A break below 78.50 would form a failed daily cycle
• Daily uptrend remains intact unless price closes below the lower daily cycle band

The Miners formed a swing high and closed below the 10 day MA on Monday, signaling the start of the daily cycle decline. This loss of short-term trend support shifts the focus back to cycle structure rather than momentum.

The peak on day 13 keeps the door open for a left-translated daily cycle formation, which would be consistent with a more defensive cycle outcome. If the Miners break below the previous DCL at 78.50, that would form a failed daily cycle — a development that often precedes deeper intermediate-cycle weakness.

That said, the Miners are still in a daily uptrend. They will remain in that uptrend unless they close below the lower daily cycle band. As long as that level holds, this decline can still resolve as a corrective pullback rather than something more structural.

The next few sessions should clarify whether this move is simply working off time and overextension — or whether the cycle is beginning to tip toward failure.