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Cycle Trading: Miner TSI Divergence

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 20, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The Miners gapped higher today. The Miners last printed a cycle low on March 23rd. The Miners have rallied since closing consistently above the upper daily cycle band indicating that the Miners are in a daily uptrend. The Miners formed a swing high last Wednesday and then printed a second bearish candle on Thursday, day 15. While there may be a chance the day 15 marked a shortened daily cycle low, I think that it is more likely that day 15 set the daily cycle trend line. The Miners have not

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