Miner Swing Low

The Miners formed a swing low on Wednesday.

The Miners printed their lowest point on Tuesday, day 16 — which is a bit early to expect a daily cycle low to form. However, Wednesday’s swing low indicates that day 16 may be an early DCL. If the Miners can deliver bullish follow through and close above the previous daily cycle low of 32.87, that will increase the odds that day 16 was the DCL.

And if day 16 turns out to be the daily cycle low. It also has a chance to mark the intermediate cycle low.

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