Miner Daily Cycle Decline

The Miners

The Miners broke bearishly out of consolidation on Wednesday.

The Miners delivered bearish follow through on Thursday, which was day 38, placing them late their timing band for a daily cycle low.  The Miners should break below the daily cycle trend line in order to form its pending daily cycle low. The peak on day 34 locks in a right translated daily cycle formation, which aligns with the Miners being in a daily uptrend.  They will remain in their daily uptrend unless they close below the lower daily cycle band.

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