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bhowe
Nov 2, 2015 6:32 PM

GDX Turning point? Long

VanEck Gold Miners ETFArca

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This looks very close to a turning point for GDX. I will wait for a retest at the red circle (on the right) before going long. I am basing this on the completion of the H&S pattern in green the completion point is in the red circle on the left. I think the overall trend is still down, and this will be short lived. Maybe five up days.
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