GDX Rectangle

AMEX:GDX1W

VanEck Gold Miners ETFArca

Description

⋅ Mar 2, 2018 8:35 PM

Whether we break up or down, I expect a move of about $4.82. High-side target of $30, low-side of $16.

Comment

⋅ Oct 25, 2018 2:38 PM

Ayy $16 inbound.

Comments

faronf

⋅ Mar 2, 2018 9:08 PM

curious how you calculate the expected move?

Manifested

⋅ Mar 2, 2018 9:16 PM

@faronf, Just a simple 1:1 move from the top and bottom of the pattern. Roughly $4.82 between support and resistance lines added or subtracted from the top or bottom for upwards or downwards moves respectively.