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SVTPremium
Aug 30, 2023 1:21 PM

GDX 1D TW Short

VanEck Gold Miners ETFArca

Description

Miners are a short-term buy with a longer-term sell signal on harmonics. SSTIS is a confirmed buy with a fake bear setup. 2D MV chart signals a short-term buy with a longer-term sell signal with an elevated buy signal on SBV but below of SBV sell signal and an MVO bear/bull swtich. 2D MV fakeout chart signals a fake bull setup. SVT is cautious with this setup and won't jump into a long position on minters yet. As you know, normally MVO bear/bull switch is a reliable and high probablity long side trade signal on an asset, however, combined with a fake bull setup it can easily turn to be a rare, MVO bear/bull/bear switch. SVT will check SBV indicator at an SB cross in a few days and will act accordingly. As per moment, due to the clear fake bull signal, odds are high to see a second drop soon.
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