A Miner Trifecta

0

The Miners had a bullish trifecta by delivering buy signals today on three different time frames.

1 gdx 2 hour

The Miners have been in decline since May. Today they broke out above the upper cycle band on the 2 hour time frame. While a close above the upper cycle band at the 2 hour level does not guarantee an uptrend, an uptrend cannot begin without a close above the 2 hour upper cycle band.

1 gdx 2 hour

The Miners printed their lowest point last Wednesday since the day 1 peak. A swing low formed last Thursday but did not deliver confirmation of a new daily cycle. Today’s close above the lower daily cycle band confirms the new daily Miner cycle.

3gdx weekly

Today the Miners formed a weekly swing low. At week 21, the Miners are in their timing band to print an intermediate cycle low. A declining trend line break is needed to confirm the new weekly cycle.

The Miners have turned the corner on the 2 hour time frame. They confirmed a new daily cycle and formed a weekly swing low while being in the timing band for an intermediate cycle low. I am offering a special 6 week trial subscription offer in order for you to follow my cycle analysis of the Miners as they emerge from this cycle low.

To sign up for the special 6 week trial subsctiption for $15.00 click here.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s