Sept 3rd: GDX has had a huge rally and breakout from the symmetrical triangle on the 60 min and daily charts.
In the short term this move has been very impulsive and is a wave 3, this is also supported by the lack of NO negative divergence via the MACD. A pullback should occur soon, but it will be a buying opportunity to load up long again becasue GDX should have another move up again i.e. wave 5. The daily triangle measures to about 48

No comments:
Post a Comment