The Miners formed a bullish engulfing candle on Wednesday.
The Miners printed their lowest point on Wednesday, day 25, placing them in their timing band for a DCL. Wednesday’s bullish engulfing candle closed back above the 50 day MA which may have marked the DCL. While the Miners formed a swing low on Thursday, we really need to see a close above the declining trend line to signal the new daily cycle.
Then the Miners will need to close above the 200 day MA in order for a trending move to develop.