Hello friends
Hope you guys are doing well. Let's take a look at GDX.
Weekly:
You can see price holding 61.8 fib multiple times. Price is still below kijun however. Macd is neutral and chikou in price.
Daily:
Triple bottom at the fib. You can also see a head and shoulder pattern. Weak bullish TK cross. Chikou is above price. Price right at cloud top.
4H: Cloud breakout. Chikou is above price. There is a trendline at play here.
Keep an eye on it. I personally has bullish bias. Looking for a move to 25 and if broken to 28.
Thought to share.
Thanks for the read.
Hope you guys are doing well. Let's take a look at GDX.
Weekly:
You can see price holding 61.8 fib multiple times. Price is still below kijun however. Macd is neutral and chikou in price.
Daily:
Triple bottom at the fib. You can also see a head and shoulder pattern. Weak bullish TK cross. Chikou is above price. Price right at cloud top.
4H: Cloud breakout. Chikou is above price. There is a trendline at play here.
Keep an eye on it. I personally has bullish bias. Looking for a move to 25 and if broken to 28.
Thought to share.
Thanks for the read.