AMEX:GDX   VANECK VECTORS GOLD MINERS ETF
gdx
38 3 0
gdx
An inverse head and shoulder appears to be in the works.
Hi Cosmic,
Thanks for the chart.

Where would you enter this? and what would your risk range be? The reason I ask is because, I still have solid red signals on the chart. Does look like it will start turning.
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CosmicDust HermanBrummer
I cannot assume I know where it is heading as I was wrong before. With that said, every trade is a risk taking but risk should be controlled. Here is my opinion: for aggressive trader: 1/3 position with a stop loss just under the pink support line; for conservative trader: wait until it breaks the resistance line, and successfully retests it, enter 1/2 position with a stop loss just under the retested low.
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I see. Will keep it on the watch list, and wait for EWO and the momentum indicators to show it's catching up.

snapshot
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